REG - Curzon Energy plc - Transaction Update

Curzon EnergyAnnouncement

15/07/2022 07:00

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RNS Number : 5578S  Curzon Energy PLC  15 July 2022

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constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
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Curzon Energy Plc

("Curzon" or the "Company")

 

Transaction Update

15 July 2022

 

Curzon Energy Plc (LON:CZN), the London Stock Exchange listed company,
announces an update regarding a potential transaction with Poseidon Enhanced
Technologies ("PET") originally announced on 03 February 2021 and most
recently updated on 28 April 2022.

Curzon and PET continue active discussions regarding the potential extension
of PET's exclusivity rights which, through an existing agreement announced on
23 February 2022 and series of payments to the Company, PET can formally
extend through 30 September 2022.  The goal of this exclusivity period
remains the agreement of a potential transaction, which contemplates a reverse
takeover of Curzon by PET.

While there can be no certainty at present that these rights will be formally
extended, the Company believes that productive discourse continues and will
update the markets with any outcome of these discussions in due course.

 

 For further information please contact:

 Curzon Energy Plc                                   +44 (0) 20 7747 9980
 Scott Kaintz
 www.curzonenergy.com (http://www.curzonenergy.com)

 SP Angel Corporate Finance LLP                      +44 (0) 20 3470 0470

Broker

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