PEL 87 Update

Pancontinental Energy NL (ASX: PCL) (“Pancontinental" or “Company”) provides the following update in relation to its PEL 87 project, offshore Namibia. The Company’s wholly owned subsidiary Pancontinental Orange Pty Ltd, on behalf of the PEL 87 Joint Venture participants, submitted an application to the Namibian Ministry of Industry, Mines and Energy (MIME) on 6 October 2025 for a 12 month extensio