REG - Pennpetro Energy PLC - Short delay in Annual Report and Accounts

Pennpetro EnergyAnnouncement

01/08/2023 07:45

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RNS Number : 8152H  Pennpetro Energy PLC  01 August 2023

Pennpetro Energy PLC

("PPP" or "Pennpetro")

 

Short delay in publication of Annual Report and Accounts

London, 01 August 2023 - Pennpetro, an independent oil and gas company
focusing on production in the Gonzales Oil Field in Texas, USA, notifies about
a delay in publication of its Annual Report for the 15 month period ended 31
March 2023 ("FY23 Results"). The delay reflects the need for its Auditors to
finalise reporting requirements.

As 31st July 2023 was the last day permitted for publication of the FY23
Results under the Financial Conduct Authority's (the "FCA") Disclosure
Guidance and Transparency Rules and the FCA's Listing Rules, the Company
requested the FCA that the listing of the Company's ordinary shares of 1 pence
each be temporarily suspended with effect from 07:30am today, 1 August
2023.-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.

 

ENQUIRIES:

 

 Pennpetro Energy PLC:

 Tom Evans, CEO                                                                                                   tme@pennpetroenergy.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
 Flagstaff Strategic and Investor Communications

 Tim Thompson                                                                                                     +44(0) 207 129 1474

 Alison Allfrey                                                                                                   pennpetro@flagstaffcomms.com (mailto:pennpetro@flagstaffcomms.com)

 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 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

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