Pennpetro Energy PLC Lifting of Suspension (2604S)
03 Noviembre 2023 - 1:05AM
UK Regulatory
TIDMPPP
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 or
follow us on twitter @pennpetro or contact:
Pennpetro Energy PLC:
Tom Evans, CEO tme@pennpetroenergy.com
David Lenigas, Chairman +44 (0) 7881825378
lenigas@monaco-capital.com
Brokers:
Zeus Capital
Simon Johnson +44 (0) 207 614 5900
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0930
Duncan Vasey +44 (0) 20 7220 9797
Flagstaff Strategic and Investor Communications +44(0) 207 129 1474
Tim Thompson 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
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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,
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results of operations, financial position, liquidity, prospects,
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END
MSCNKBBPFBDDQDK
(END) Dow Jones Newswires
November 03, 2023 03:05 ET (07:05 GMT)
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