PGR Phoenix Global Resources Plc

TIDMPGR

RNS Number : 5559D

Phoenix Global Resources PLC

27 June 2019

27 June 2019

Phoenix Global Resources Plc

("Phoenix" or the "Company")

Change of Adviser

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, announces the appointment of Shore Capital and Corporate Limited as its Nominated Adviser and Shore Capital Stockbrokers Limited as Joint Broker, with immediate effect. This follows the acquisition of Stockdale Securities Limited by Shore Capital Markets Limited.

Director's disclosure

The Company makes the following disclosures pursuant to Rule 17 and Schedule Two (g) of the AIM Rules for Companies

Sir Michael Rake, Chairman of the Company, was, at the time of publication of the re-admission document dated 24 July 2017, a director of Open Britain Ltd and World Business Organisation Ltd (International Chamber of Commerce) and he had been in the previous five years a director of The Prince of Wales's Charitable Foundation; these directorships were omitted from the re-admission document.

John Bentley, Non-Executive Director of the Company, had been in the five years prior to the publication of the re-admission document dated 24 July 2017, a director of Balmuir Estates Farming Ltd and Simbo Petroleum Ltd; these previous directorships were omitted from the re-admission document.

There are no further disclosures to be made pursuant to Rule 17 of the AIM Rules for Companies.

For further information, please contact:

 
 Phoenix Global Resources     Tim Harrington    T: +54 11 5258 
  plc                          Kevin Dennehy,    7500 
                               CFO 
 Shore Capital (Nominated     Antonio Bossi     T: +44 20 7408 
  Adviser and Joint Broker)    David Coaten      4090 
 Panmure Gordon (Joint        Charles Lesser    T: +44 20 7886 
  Broker)                                        2500 
 Camarco                      Billy Clegg       T: +44 20 3757 
                               Owen Roberts      4980 
                               James Crothers 
 

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licenced working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has signi cant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional potential.

The Company's website is www.phoenixglobalresources.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 27, 2019 02:01 ET (06:01 GMT)

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