Pancontinental Energy NL (PCOGF)

[DrillaHill]

Agree on potential but think best way to invest is to buy the original shares in Sydney. However I wish us all the best of luck - if Pancontinental is successful so will be our investment. Agree on your 0.01 near term price target and 0.03-0.05 potential.

ATB

StockAnalysis:

Recommendation: Based on expectation of participation in three fully funded, high impact exploration and appraisal wells over the coming 14 months, Pancontinental Oil & Gas is a speculative buy.

StockAnalysis assesses a risked value of $64 million or 1.1 cent per share for the company’s Californian and Namibian drill targets.

StockAnalysis estimates an upside valuation for success of $163 million or 2.7 cents per share at the company’s currently drilling and upcoming high impact gas exploration and appraisal wells in California, which are due to be completed by the end of 2017.

In Namibia, where Pancontinental is set to participate with a 30% free carried interest in drilling on a major oil exploration target during H2-2018, StockAnalysis estimates that discovery of 124 mmbbls would be worth over 3 cps to Pancontinental.