Pancontinental Oil & Gas (ASX:PCL) discusses its expanded portfolio and drill program


by Jessica Amir

Pancontinental Oil & Gas (ASX:PCL) currently has about a $5 million market cap. It’s a company which has a long history of high impact drilling activity, primarily in frontier regions and we are a first mover into those areas and reducing the company’s costs exposure to big drilling projects through introducing bigger companies, through farm outs.

The company has been very successful in doing that and it also focuses on conventional reservoirs, which is an important distinction.

I am joining the board as part of transaction with Bombora Natural Energy Pty Limited, which we expect to complete next Monday (10 July 2017), when approval of the transaction goes to Pancon shareholder approval.

I’m a geologist by background and had great success over the years in finding oil and gas in commercial quantities in a whole range of jurisdictions around the world and I certainly identify with Pancon’s historic modus operandi, which is to go into places that people are not rating perhaps as highly as they should be, and getting big wells drilled to try to prove up those basins. 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.