PGR Phoenix Global Resources Plc

TIDMPGR

RNS Number : 1925T

Phoenix Global Resources PLC

13 November 2019

13 November 2019

Phoenix Global Resources plc

("Phoenix" or the "Company")

Completion

Further to the announcements on 21 October 2019 and 4 November 2019, 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 that the sale by its wholly owned subsidiary, Petrolera El Trebol S.A., of its 70 per cent. non-operated working interest in the Santa Cruz Sur Assets under an agreement with Echo Energy plc has now completed.

For further information, please contact:

 
Phoenix Global Resources plc  Kevin Dennehy, CFO  T: +54 11 5258 7500 
Shore Capital                 Antonio Bossi       T: +44 20 7408 4090 
 Joint broker and nominated    David Coaten 
 adviser 
 
  Panmure Gordon                Charles Lesser      T: +44 20 7886 2500 
  Joint broker 
 
  Camarco                       Billy Clegg         T: +44 20 3757 4980 
  Financial PR                  Owen Roberts 
                                James Crothers 
 

About Phoenix

Phoenix Global Resources plc is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the 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 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

- ENDS -

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END

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November 13, 2019 02:01 ET (07:01 GMT)

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