Australia's Pancontinental Energy jumps on Namibian approval to renew project

Pancontinental Energy NL

18/03/2026 04:35

** Shares of Pancontinental Energy PCL.AX rise as much as 29.4% to A$0.011, their highest level since January 21

** Stock set for strongest intraday trading session since October 22, 2025

** Unit of oil & gas explorer received notification from Namibian Ministry of Industry, Mines and Energy of approval of co's application

** Application to extend current first renewal exploration period by twelve months for offshore project in Namibia

** Session gains cut YTD losses to 9.1%

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))