Pancontinental Energy trading halt announcement

Pancontinental Energy NL (ASX: PCL) has requested a trading halt on its securities effective 20 November 2024. This halt is due to an impending announcement concerning a Seismic Licence granted to Woodside under an existing Option Deed. The trading halt aims to maintain an orderly market.

Summary of Pancontinental Energy trading halt

Pancontinental Energy NL has initiated a trading halt pending an announcement concerning a Seismic Licence granted to Woodside. This halt, starting 20 November 2024, reflects the company's commitment to regulatory compliance and market stability. The halt will last until the commencement of normal trading on 22 November 2024 or the release of the announcement. This step highlights Pancontinental's strategic management of its market presence and regulatory duties, which is crucial for stakeholders interested in the Seismic Licence agreement's outcome.

Executive commentary on trading halt

The trading halt is necessary to ensure we comply with our disclosure obligations and maintain an orderly market. We anticipate releasing the relevant announcement soon.