External broker reports(aggregated public sources), Euroz Limited

Euroz Hartleys

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External broker reports(aggregated public sources)

Euroz Limited

Equity Bottom-Up

Pancontinental Oil & Gas Nl / Equity Bottom-Up

<ul><li>PCL announced the unfortunate news that Woodside Energy (ASX: WDS) has decided not to exercise its option to farm-in to the PEL 87 permit, offshore Namibia, consequently withdrawing the proposed funding solution by PCL for drilling an exploration well in the permit.</li><li>WDS was to carry the PEL 87 JV on an uncapped free carry basis to earn a 56% operating interest in the permit (PCL would have decreased to a 20% interest).</li><li>Instead, PCL retains a 75% interest, and operatorship of the PEL 87 permit.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

PCL announced the unfortunate news that Woodside Energy (ASX: WDS) has decided not to exercise its option to farm-in to the PEL 87 permit, offshore Namibia, consequently withdrawing the proposed funding solution by PCL for drilling an exploration well in the permit.WDS was to carry the PEL 87 JV on an uncapped free carry basis to earn a 56% operating interest in the permit (PCL would have decreased to a 20% interest).Instead, PCL retains a 75% interest, and operatorship of the PEL 87 permit.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pancontinental ENERGY NL  - Woodside Does Not Exercise Farm-In Option...