Search
The second installment of cash will come when the company begins drilling its next well. Photo: Attila Csaszar

Pancontinental in $US7.7m Namibian deal

Shares in West Perth-based energy hopeful Pancontinental Oil & Gas were up 33 per cent today after the company sold part of its stake in a Namibian offshore exploration licence to Africa Energy for $US7.7 millionn ($9.6 million).

Pancontinental’s Namibian subsidiary, PNPL, holds a 30 per cent stake in the licence.

Africa Energy has taken a 33.3 per cent stake in the PNPL entity, with Pancontinential to hold the remaining share.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
674thPancontinental Oil & Gas-47%-58%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/08/17
$0 Issued
22/08/17
$0 Issued
22/08/17
$56k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

455th↑Pancontinental Oil & Gas$0
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Pancontinental Oil & Gas

162ndRoy Rushworth$644k
607thErnest Myers$245k
887thVesna Petrovic$150k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer