Pancontinental Oil & Gas (ASX: PCL) is a petroleum (oil and gas) exploration company based in Perth, Western Australia. With a focus on Australia, Africa and the Mediterranean, it has excellent exposure to a range of high- potential oil and gas targets. High levels of project equity, plus Pancontinental's small market cap means that the company is very well leveraged in the event of exploration success.
Pancontinental is committed to maximising benefits to shareholders by:
- Offering exploration opportunities with potential for very high rewards.
- Participating in low cost oil and gas exploration at substantial equity levels.
- Participating in projects near existing or emerging energy markets in suitable political and fiscal environments.
- Managing risk and expenditure commitments by successful farmouts.
- Undertaking activities in a socially and environmentally responsible manner.
- Focusing on Australia and international areas that meet these corporate objectives.