Pancontinental Energy NL PCL

Primary Symbol: PCOGF

Energy Oil & Gas E&P

Pancontinental Energy NL is an Australia-based petroleum (oil and gas) exploration company. The Company is focused on conventional oil and gas projects. It has key assets in Africa (Namibia) and Australia (Queensland). The Company’s portfolio includes resource potential, offshore oil projects. The project in Namibia includes Orange Basin PEL 87. The project in Australia includes Onshore Cooper Eromanga Basin, which includes ATP 920 and ATP 924. The Orange Basin PEL 87 is located approximately 10,947 square kilometers in Orange Basin, Offshore Namibia. The ATP 924 is located approximately 2,220 square kilometers in Cooper Eromanga Basin.

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Pancontinental Energy NL

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Post by DartStockon Jun 10, 2008 6:56pm

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Post# 15168980

Pellets

The recent run up in oil and natural gas has created an opening for a little used heating fuel in the USA: pellets. The average stove price is $2,500 and a season's worth of pellets usually runs $350-$400. With India and China growing by leaps and bounds the oil price may continue to run, but pellet prices should flatten or go lower with 80+ plants now online worldwide. Pellets create very little carbon and come from renewable resources: trees.

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