REG - Pennpetro Energy PLC - Lifting of Suspension

Pennpetro EnergyAnnouncement

03/11/2023 07:15

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RNS Number : 2604S  Pennpetro Energy PLC  03 November 2023

Pennpetro Energy PLC

("Pennpetro" or the "Company")

 

Lifting of Suspension

London, 3 November 2023 - Pennpetro, an independent oil and gas company
focusing on production in the Gonzales Oil Field in Texas, USA, today
announces that following the uploading of its Annual Report to the NSM
(National Storage Mechanism) in the required format, it has now requested the
restoration of trading in the Company's securities, which is expected to take
place at 08:00 3rd November 2023.

 

A further announcement will be made confirming the time, date and location of
the general meeting.

 

For further information visit www.pennpetroenergy.co.uk
(http://www.pennpetroenergy.co.uk/) or follow us on twitter @pennpetro or
contact:

 

 Pennpetro Energy PLC:

 Tom Evans, CEO                                                                                                   tme@pennpetroenergy.com (mailto:tme@pennpetroenergy.com)

 David Lenigas, Chairman                                                                                          +44 (0) 7881825378

                                                                                                                  lenigas@monaco-capital.com
 Brokers:

 Zeus Capital                                                                                                     +44 (0) 207 614 5900

 Simon Johnson
 Peterhouse Capital Limited                                                                                       +44 (0) 20 7469 0930

 Lucy                                                                                                             +44 (0) 20 7220 9797
 Williams

 Duncan Vasey
 Flagstaff Strategic and Investor Communications                                                                  +44(0) 207 129 1474

 Tim Thompson                                                                                                     pennpetro@flagstaffcomms.com (mailto:pennpetro@flagstaffcomms.com)

 Alison Allfrey

 Anna Probert

 

NOTES TO EDITORS:

Pennpetro Energy is an independent oil and gas company focusing on production
in the Gonzales Oil Field in Texas, USA. Shares in the company were admitted
to the Official List of the London Stock Exchange by way of a Standard Listing
on 21 December 2017 with the ticker symbol "PPP".

 

Its wholly owned subsidiary, Nobel Petroleum USA Inc. has a 100% Working
Interest in 2,036.38 acres in Gonzales County in Texas. These acres include
the Whistling Straits #5 well and the Chalk Talk #1H and #4H wells. Noble also
has a Participation, Development and Option Agreement and Joint Operating
Agreement with Texas based Millennium PetroCapital Corporation over a
250,000-acre Area of Mutual Interest in Gonzales County, Texas, aimed at
exploiting the prolific proven Austin Chalk oil and gas play. Pennpetro Energy
has also recently signed a conditional binding agreement to conduct a new 3D
seismic survey on the Horse Hill Oil Field near London's Gatwick Airport which
paves the way to drilling the next production well (HH-3) for 49% of the
revenue of this proposed well.Further information on the Company can be found
at www.pennpetroenergy.co.uk (http://www.pennpetroenergy.co.uk)

 

IMPORTANT NOTICE - FORWARD-LOOKING STATEMENTS

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their negative or other
variations or comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts and involve
predictions. Forward-looking statements may and often do differ materially
from actual results. In addition, even if results or developments are
consistent with the forward-looking statements contained in this announcement,
those results or developments may not be indicative of results or developments
in subsequent periods. Any forward-looking statements reflect the Group's
current view with respect to future events and are subject to risks relating
to future events and other risks, uncertainties and assumptions relating to
the Group's business, results of operations, financial position, liquidity,
prospects, growth or strategies and the industry in which it operates.
Forward-looking statements speak only as of the date they are made and cannot
be relied upon as a guide to future performance.

 

 

 

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