PCL pancontinental energy nl

0.00%

1.1¢

Lain was given 40,000,000 shares he can cash in on once the...

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chevvie

758 Posts.

160

09/12/24

11:06

Post #: 76967690
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Originally posted by V10: ↑

The future for PCL certainly feels more positive after the AGM on the prospectivity and the Woodside farmin front as posted by posters at the AGM.

I personally feel fwiw, that if there is a significant discovery on the first well that PCL can raise the funds for their share of the second well- say $20-30 million with re-rated share price to maintain their 20% interest.

But I would not be surprised if a bid is made for PCL after the first successful well and certainly after a second successful well, if PCL is still around for the second well.

And with the Woodside farmin agreement, I would not be surprised if Woodside had pre-emptive rights on any bid for the PCL interest in PEL 87 by takeover or consent to change of beneficial ownership. But I have no knowledge if a pre-emptive right exists for the farmin.

I always maintain that if any company gets taken over for a fair value, then this is the ultimate expression of selling all your production forward without the risk.

Risk in every thing, especially wildcat exploration drilling.

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Lain was given 40,000,000 shares he can cash in on once the share price reached $0.035 cents. Can someone help me out in understanding why he would care about what happens to the share price after that? Cheers!

PCL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $89.50M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$4.434K	403.0K

Buyers (Bids)

No.	Vol.	Price($)
11	2589134	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	2764387	8

View Market Depth

No.	Vol.	Price($)
11	2589134	0.011
18	14457710	0.010
21	8475800	0.009
21	5502862	0.008
7	2409691	0.007

Price($)	Vol.	No.
0.012	2764387	8
0.013	3509261	7
0.014	2122742	5
0.015	1371302	5
0.017	965254	5

Last trade - 15.59pm 20/06/2025 (20 minute delay)

PCL (ASX) Chart

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