Yeh this has always been my primary investment in my oil and gas portfolio. Great exposure to African oil and gas. The continental shelves are full of hydrocarbons, given the rich sedimentation. All around the continent their is your Albian and Aptian sands, which are primarily gas bearing with some large volumes of oil here and there. PCL as a company with licences or access to licences in nations like Kenya, Morocco, Malta and Namibia is well positioned. PCL have gained excellent terms with Origin energy for L8, given they are funding everything up to a wildcat well. Indicating good firm management. Exposure to the upside of this company is enormous at these prices.
Completely different to FAR given the contracts are signed and Origin is bound to spend anywhere between 80-120 million, adding a lot of value to the L8 permit. If GOP and PCL make friends again, we could see L6 developed very soon given they are going for the onshore prospects first (cheap drilling costs). Quarter 4 of this year is all about PCL and African oil and gas.
Goodluck to all.
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pancontinental energy nl
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $89.51M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $63.56K | 5.775M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 10754502 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 3765780 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 10754502 | 0.011 |
37 | 26721124 | 0.010 |
11 | 6148580 | 0.009 |
16 | 3280362 | 0.008 |
2 | 601691 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3765780 | 6 |
0.013 | 12147314 | 18 |
0.014 | 13671392 | 7 |
0.015 | 2555086 | 8 |
0.016 | 1020212 | 2 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
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PCL (ASX) Chart |