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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 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      +44(0) 207 129 1474 
  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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END

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(END) Dow Jones Newswires

December 11, 2023 13:11 ET (18:11 GMT)

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