Pacific said large and small listed and private companies had made expressions of interest following its advertising campaign.

“Several of these have now progressed to an advanced stage of negotiation and the company expects to be in a position to provide full details in the near future,” the explorer said.

Pacific holds tenements in the Bowen, Galilee, Surat and Clarence-Moreton basins.

The company has six granted EPCs, with seven more on the way and four expected to be granted after native title processes are complete.

The junior has another 18 EPC applications waiting to be processed but nine of these are competing with other parties.

Shares in the company closed unchanged at 2c on Friday.