01/03/2005 - 21:00

Pancontinental Oil & Gas NL - 23-Feb-05

01/03/2005 - 21:00

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Pancontinental Oil & Gas NL - 23-Feb-05

Has reached an "in principle" agreement with the shareholders of Afrex Ltd for acquisition of Afrex for A$11.305 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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