Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2025)
13 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 28, 2025
Slide 1: Presentation to Annual General Meeting of Shareholders
Presentation to Annual General Meeting of Shareholders 28 November 2025
Slide 2: Disclaimer
Disclaimer These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities, nor shall any part of these materials or fact of their distribution or
Slide 3: Namibian Orange Basin – Global Exploration Hotspot
Namibian Orange Basin – Global Exploration Hotspot PCL farming out PEL 87 to Chevron to drill up to two fund exploration drilling exploration wells in 2026 BW Energy encounters shallow PCL PEL 87 Galp Energia to select gas and deeeper oil at Kharas- Chevron GALP PEL 83 partner by end 2025 for 40% PE
Slide 4: PEL 87 State of Play
PEL 87 State of Play § Huge permit (10,970km2), PCL Operator at 75% § Significant technical progress over past 12 months, extracting maximum value from US$38mm 3D seismic dataset § Prospectivity greatly enhanced via three key studies § Sequence stratgraphy – delineating reservoir provenance § Basin
Slide 5: Orange Basin Petroleum System Elements
Orange Basin Petroleum System Elements § PEL 87 hosts common ingredients for major oil discovery to on-trend discoveries § Source: Prolific Aptian Kudu Formation. Turonian source intervals also identified § Maturity & Charge: Kudu Formation interpreted as early mature for oil at updip Moosehead-1X l
Slide 6: Sequence Stratigraphy
Sequence Stratigraphy § Sequence stratigraphy specialist engaged to analyse 3D volume utilising PaleoscanTM software tool § Generated a chrono-stratigraphically consistent geological model § Multiple seismic attributes generated at numerous horizons to interpret depositional systems through time § P
Slide 7: Basin Modelling
Basin Modelling § Top Kudu source formation mapped using available regional 2D seismic data § Kudu early mature for oil at Moosehead-1X § Modelling indicates that Kudu sits in oil window directly beneath and to northeast of Saturn Complex § Model predicts light oil with Gas-Oil-Ratio approx. 200 scf
Slide 8: Quantitative Interpretation
Quantitative Interpretation § Quantitative Interpretation (QI) regarded as a key driver of prospectivity within the Orange Basin § Existing discoveries believed to all be supported by Amplitude vs Offset (AVO) anomalies, which can be an B B’ Northern indicator of reservoir porosity and/or hydrocarbo
Slide 9: Prospect Inventory
Prospect Inventory Northern Channel Addax Channel Addax Channel Phoebe West Oryx Oryx Calypso Calypso Xerux Addax Fan Oryx North 3D Seismic Survey Ouline Hyrax Addax Moosehead-1X South 9
Slide 10: Prospect Inventory
Prospect Inventory A Seabed A’ Base Tertiary Northern Oryx Hyrax Cenomanian Phoebe Channel Addax West Mid Albian A A’ Composite 3D Seismic Line A-A' (Ultrafar offsets) showing PEL 87 Prospects/Leads and Associated AVO Anomalies 10
Slide 11: Prospective Resources & Risking
Prospective Resources & Risking 100% Gross Original Oil in Place (OOIP), MMbbls Prospective Resources (Recoverable), MMbbls Prospect/Lead GCoS Low Best High Low (1U) Best (2U) High (3U) Oryx (Calypso) 791 3,782 8,771 225 1,086 2,505 26.2% Northern Channel 628 3,208 7,140 157 802 1,785 22.9% Hyrax 48
Slide 12: In Summary
In Summary § Namibian Orange Basin continues to deliver, with 6 successful Exploration/Appraisal wells since last AGM § All prospective acreage in <3,000 metres water depth is licensed and tightly held § PCL has matured significant prospectivity within PEL 87 through a data-driven approach § Special
Slide 13: pancon.com.au
45 Ventor Avenue West Perth WA 6005 T: +61 8 6363 7090 pancon.com.au
Pancontinental Energy NL — Shareholder Meeting (November 2025) on 6ix