Pancontinental Energy NL (PCOGF)

[DrillaHill]

Trading Halt - completion of a material transaction
clients2.weblink.com.au/clients/pancon/article.asp?asx=PCL&view=6850492

"Pancontinental is seeking the trading halt
pending the completion of a material transaction
relating to an investment in one of the Company’s subsidiaries"

Wonder if this is about a farm-in to our Namibian Blocks?
- we own a 30% free carried interest (by Tullow)
and the last time we farmed out the deal was worth
US$6.5m for 10%. Meanwhile our Dempsey Partners SPs
continue to go crazy while we're waiting on the sidelines:


Working Interests (WI) in the Dempsey Gas Project
Sacgasco Limited (ASX: SGC) (Operator) 50%
Empyrean Energy PLC (LON: EME) 30%
Pancontinental Oil and Gas NL (ASX: PCL) 10%
Xstate Resources Limited (ASX: XST) 10%

(ASX:SGC) - Realtime


(LON:EME) - Realtime


(ASX:XST) - Realtime


GLA