Pancontinental Oil & Gas NL : Quarterly Cashflow Report

+Rule 5.5

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Pancontinental Oil & Gas NL

95 003 029 543 31 March 2017

1. Cash flows from operating activities Year to date

   (9 months)

   $A'000

2. Receipts from customers - -

3. Payments for

4. exploration & evaluation (649) (902)

5. development - -

6. production - -

7. staff costs (including directors & PAYG) (95) (507)

8. administration and corporate costs (234) (570)

9. Dividends received (see note 3) - -

10. Interest received 1 2

11. Interest and other costs of finance paid - -

12. Income taxes paid - -

13. Research and development refunds - -

14. Other (provide details if material) - -

    1.9 Net cash from / (used in) operating activities (977) (1,977)
15. Cash flows from investing activities

16. Payments to acquire:

    - -

17. property, plant and equipment

18. tenements (see item 10) - -

19. investments - -

20. other non-current assets - -

    Consolidated statement of cash flows Currentquarter $A'000

21. Proceeds from the disposal of:

    Year to date

    (9 months)

    $A'000

22. property, plant and equipment - -

23. tenements (see item 10) - -

24. investments - -

25. other non-current assets - -

26. Cash flows from loans to other entities - -

27. Dividends received (see note 3) - -

28. Other (provide details if material) - -

    2.6 Net cash from / (used in) investing - - activities
29. Cash flows from financing activities

30. Proceeds from issues of shares

    970 970

31. Proceeds from issue of convertible notes - -

32. Proceeds from exercise of share options - -

33. Transaction costs related to issues of shares, convertible notes or options

    (54) (54)

34. Proceeds from borrowings - -

35. Repayment of borrowings - -

36. Transaction costs related to loans and - - borrowings

37. Dividends paid - -

38. Other (provide details if material) - -

3.10 Net cash from / (used in) financing activities

916 916

4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of period	189	1,178
4.2	Net cash from / (used in) operating
activities (item 1.9 above)	(977)	(1,977)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	-	-
4.4	Net cash from / (used in) financing activities (item 3.10 above)	916	916
4.5	Effect of movement in exchange rates on

cash held (14)(3)

4.6 Cash and cash equivalents at end of

period 114* 114*

* Note: AU $600,000 received from placement post quarter end, in addition, funds to be received from Share Purchase Plan which closes 16 May 2017.
1. Reconciliation of cash and cash equivalents

   at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

   Current quarter $A'000 Previous quarter $A'000

2. Bank balances 28 9

3. Call deposits 66 160

4. Bank overdrafts - -

5. Other (security deposits) 20 20

   5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 114189
6. Payments to directors of the entity and their associates Currentquarter $A'000

7. Aggregate amount of payments to these parties included in item 1.2 88

8. Aggregate amount of cash flow from loans to these parties included

   in item 2.3 -

9. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

10. Payments to related entities of the entity and their associates Current quarter $A'000

11. Aggregate amount of payments to these parties included in item 1.2 -

12. Aggregate amount of cash flow from loans to these parties included - in item 2.3

13. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

14. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A'000 Amount drawn at quarter end $A'000

15. Loan facilities - -

16. Credit standby arrangements - -

17. Other (please specify) - -

18. Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation	25
9.2	Development	-
9.3	Production	-
9.4	Staff costs (including directors & PAYG)	60
9.5	Administration and corporate costs	100
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	185

10.	Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
10.1	Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
10.2	Interests in mining tenements and petroleum tenements acquired or increased