Pacrim Energy (PRE)

Shares / Stock Code

PRE

Stock Exchange / Sharemarket

Australian Securities Exchange

Pacrim Energy (PRE) is a resources exploration company with various minerals, oil and gas projects located in Australia, Papua New Guinea (PNG), New Zealand and the USA.The company was listed on the Australian stockmarket (ASX) in February 1989. Its headquarters is situated in Victoria.

Pacrim Energy has a 100% interest over oil and gas leases in the Northern Sacramento basin, USA. Drilling has already commenced on the first wells on the project. Also apart from its 80% interest in an exploration licence in PNG, the company has expanded its gold portfolio to include the Redcliffe Gold Project (WA) and the Fosterville Regional Joint Venture (Vic).

Most oil is sold into global spot markets, whilst gas is typically sold under long term contract arrangements with utilities, large industrial users and steel plants. Key competitors include Rio Tinto, Woodside, CH4 Gas Ltd (CHX) and Bounty Oil & Gas (BUY). Gold competitors include other exploration companies within the industry such as Newman Mining Corporation, Oceana Gold Limited and Terra Gold Mining. Major customer are governments, banks and international gold brokers.

Pacrim Energy also has interests in other projects, including Redcliffe West, Nambi North, Teakari Mertondale, Gold Pit, Mertondale West, Clover Downs and Grants Creek. Pacrim’s 100% owned Redcliffe Project is located in the north eastern Goldfields of Western Australia, 10-90 kilometers from Leonora. The Project covers approximately 65 kilometers of strike length of the Mertondale Shear Zone along with parallel and associated structures.

Pacrim Energy (PRE) Products and Services

  • Exploration of various minerals.

Pacrim Energy (PRE) Locations and Subsidiaries

Pacrim Energy Head Office
C/- RSM Bird Cameron, Chartered Accountants,
Level 1, 1-3 Bath Lane, BALLARAT,
VIC, AUSTRALIA, 3353
Phone: 03 5333 3200
Fax: 03 5333 3650

Pacrim Energy (PRE) Share Price

Submitted by ASX Listed Company on 17 May, 2010 - 22:49

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!