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>This is a significant development as the Seismic License establishes the Long Stop Date for the farm-in Option deed as 18 May 2025</li><li>whereby WDS must make a decision on its option to farm-in to the PEL87 permit, which if it was exercised, would commit the company to the drilling an exploration well (PCL would transfer operatorship and have a 20% free carried interest in the PEL87 license).</li><li>Additionally, a new wave of drilling activity (worth $100's of millions of dollars) is also set to recommence nearby in the basin, with follow-up drilling at the 10 billion barrel oil-in- place Mopane discovery in GALP's PEL 83 permit, and Chevron's maiden drilling program in PEL 90, both directly to the south of PCL's PEL 87 permit.</li></ul>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.

This is a significant development as the Seismic License establishes the Long Stop Date for the farm-in Option deed as 18 May 2025whereby WDS must make a decision on its option to farm-in to the PEL87 permit, which if it was exercised, would commit the company to the drilling an exploration well (PCL would transfer operatorship and have a 20% free carried interest in the PEL87 license).Additionally, a new wave of drilling activity (worth $100's of millions of dollars) is also set to recommence nearby in the basin, with follow-up drilling at the 10 billion barrel oil-in- place Mopane discovery in GALP's PEL 83 permit, and Chevron's maiden drilling program in PEL 90, both directly to the south of PCL's 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.

PCL: Positive Woodside Energy Farm-In Option Update