Pancontinental Oil & Gas (ASX: PCL) is a petroleum (oil and gas) exploration company based in Perth, Western Australia. It is focused on key assets in Australia, Africa and the Mediterranean. Pancontinental has excellent exposure to a range of potentially very large oil and gas targets. High levels of project equity, plus Pancontinental's small market cap means that if any of these targets proves successful, the company is extremely highly leveraged.
Pancontinental is committed to maximising benefits to shareholders by:
- Providing exploration opportunities with the potential to give very high rewards to shareholders.
- Participating in low cost oil and gas exploration plays at high equity levels.
- Participating only in exploration plays close to new or existing markets for oil and gas and in suitable political and fiscal environments.
- Managing risk and expenditure commitments by successful farmouts.
- Focusing on Australia and international areas that meet these corporate objectives.