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Pancontinental Announces Completion of Bombora Natural Energy Pty Ltd Acquisition & Capital Raising

- Pancontinental shareholders approve Bombora acquisition and changes to the Pancontinental Board

- Settlement of $2 million capital raising due on 17 July 2017

- First fully funded well Dempsey-1 to commence within weeks

Pancontinental Oil & Gas NL (ASX:PCL) (“Pancontinental” or “Company”) is pleased to announce that, further to the announcements of 7 June 2017 and 10 July 2017, the conditions precedent for the transaction to acquire Bombora Natural Energy Pty Ltd (“Bombora”), which included Pancontinental shareholder approval, have been met, and as such the Company has successfully completed the acquisition of 100% of the shares of Bombora.


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