REG - Pennpetro Energy PLC - Notice of Annual General Meeting

Pennpetro EnergyAnnouncement

11/12/2023 18:15

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RNS Number : 4026W  Pennpetro Energy PLC  11 December 2023

12 December 2023

Pennpetro Energy plc

("Pennpetro" or the "Company")

 

Notice of Annual General Meeting

 

Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing
on development and production in the Peach Creek (Austin Chalk) Oil Field in
Gonzales County, Texas, USA, confirms that the Annual General Meeting of
shareholders will be held on 11 January 2024 at 11:00 a.m. at Peterhouse
Capital Limited, 3rd Floor, 80 Cheapside, London, EC2V 6EE.

 

Copies of the Notice of Annual General Meeting Notice and Form of Proxy will
be sent to shareholders and will also be available to all shareholders on the
Company website: https://www.pennpetroenergy.com.

 

In addition, the Company advises that it is bringing outstanding
administrative issues up-to-date, and it is important to note that in so doing
it will not be altering the total number of shares currently on issue in
Pennpetro (being 100,299,089) as stated in the last Total Voting Rights
statement made by the company on 12 July 2023. As such, the Company will now
be making application to the LSE for the retroactive listing of securities
issued dating back to 30 March 2022 where the Company was to issue Nobel
Petroleum Ireland Limited with 5,833,333 shares in Pennpetro for a
debt-to-equity transaction. These shares were issued at the time but not
registered with the LSE. The Company will also be making application for the
issue of 4,118,404 shares to RB Equity Nominees Limited for a debt-to-equity
transaction settlement relating back to 30 April 2020. These shares were also
issued at the time but not registered with the LSE. These applications to the
LSE above, will tidy up the administrative proceedings with respect to these
two historic share issuances.

 

-ENDS-

 

This announcement contains inside information within the meaning of Article
7(1) of (i) Regulation (EU) No 596/2014 of the European Parliament and of the
Council of 16 April 2014, as amended (the "EU Market Abuse Regulation") and
(ii) the EU Market Abuse Regulation as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

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:                                                                                                         +44 (0) 207 614 5900

 Zeus Capital

 Simon Johnson

 Peterhouse Capital Limited

 Lucy                                                                                                             +44 (0) 20 7469 0930
 Williams

                                                                                                                +44 (0) 20 7220 9797
 Duncan Vasey

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

                                                                                                                pennpetro@flagstaffcomms.com
 Tim Thompson

 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.

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