PANCONTINENTAL ENERGY NL
ASX:PCLEnergyToday’s holders own 48.9% of what they think they own, once every option and right converts.
Options/rights overhang 104% of shares; runway 4–8 quarters
PANCONTINENTAL ENERGY NL's ordinary share count rose 1.2% between June 2024 and August 2025, its latest share-count filing, to 8.29B shares. The company did not raise any capital in the 24-month window via a placement, rights issue or share purchase plan. Options and rights on issue could convert into 8.65B new shares, equivalent to 104.3% of the current share count; none of these are in the money. No expiry date for these securities is on record. The company holds more than 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.
Quick answers · 3
How much placement capacity does PCL have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does PCL have?
In its quarterly cash report for the quarter ended 30 June 2026, Pancontinental Energy reported $2.4M of cash and estimated 6.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
How many options and rights does PCL have outstanding?
Unexercised options and rights equal 104.3% of Pancontinental Energy's shares on issue.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 11 Aug 2025 | 2A · quoted issue | PCL : ORDINARY FULLY PAID | 8.23B | Appendix 2A |
| 11 Aug 2025 | 3H · cancellation | PCL | 8.29B | Appendix 3H |
| 8 Aug 2025 | 2A · quoted issue | PCL : ORDINARY FULLY PAID | 8.22B | Appendix 2A |
| 7 Aug 2025 | 2A · quoted issue | PCL : ORDINARY FULLY PAID | 8.20B | Appendix 2A |
| 5 Aug 2025 | 2A · quoted issue | PCL : ORDINARY FULLY PAID | 8.17B | Appendix 2A |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (8.23B) need not equal the current count above (8.29B).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 8.65B of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PCLAA | — | Not classified | — | — | 40.0M | Filing |
| PCLAX | — | Not classified | — | — | 50.0M | Filing |
| PCLAF | — | Not classified | — | — | 60.0M | Filing |
| PCLAE | — | Not classified | — | — | 70.0M | Filing |
| PCLAD | — | Not classified | — | — | 140.0M | Filing |
| PCL | — | Not classified | — | — | 8.29B | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.