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Pennpetro Energy (PPP) Share News

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IN BRIEF: UK Oil & Gas gets extension for Horse Hill oil field work

12th Dec 2023 12:14

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says the UK North Sea Transition Authority has granted a one-year extension to the PEDL137 retention area work programme at its Horse Hill oil field in southern England until September 30, 2025. Adds that work programme now fully corresponds to the farm-in programme agreed with Pennpetro Energy PLC announced on Monday. Read More

Pennpetro and UK Oil & Gas agreed extension of Horse Hill farm-in deal

11th Dec 2023 11:38

(Alliance News) - Pennpetro Energy PLC and UK Oil & Gas PLC on Monday said they have agreed to extend their conditional agreement for Pennpetro to farm-in to the Horse Hill oil field in southern England. Read More

IN BRIEF: Pennpetro notes "brilliant" production at Chalk Talk well

4th Dec 2023 14:29

Pennpetro Energy PLC on Monday said - Texas-focused oil and gas company - Says in the first month of production, the Chalk Talk #1H well, also known as CT1H, has produced 4,827 barrels of oil since November 1 at an average of 161 barrels of oil per day. Says optimisation work on the well's flow rate continues, adding that on some days, the well produces extended days of production above 300 bpd. Oil sales in November reached 4,468 barrels. Says its Texas subsidiary, Nobel Petroleum, is preparing for the arrival of the workover rig on or around December 14 for the workover on its Chalk Talk #4H well. Read More

Pennpetro doubles oil production at Texas well after improvements

21st Nov 2023 11:19

(Alliance News) - Pennpetro Energy PLC on Tuesday said it has more than doubled oil production from its Chalk Talk 1H well in the US state of Texas, after recent well-equipment improvements and optimisation. Read More

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

14th Nov 2023 16:23

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Kinovo expects revenue growth; Zotefoams sales down

7th Nov 2023 14:34

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Solid State expects higher annual revenue

30th Oct 2023 14:31

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Pennpetro aiming to return COG 1 to production by year-end

20th Oct 2023 10:00

Pennpetro Energy PLC - Texas-focused oil and gas company - In the 15 months ended March 31, records a pretax loss of USD318,902. This compares to a loss of USD1.3 million in the 12 months ended December 31, 2021. Records no revenue in the 15-month period, unchanged from in 2021. Company explains it has changed its year-end so that all of its subsidiary companies report on the same date. Notes that there was no oil production from its Gonzales County site in Texas during the 15-month period but adds it aims to put its COG 1 well back into production by the end of the calendar year. Read More

IN BRIEF: Pennpetro looks to workover wells in Texas on Chalk Talk buy

8th Sep 2023 11:25

Pennpetro Energy PLC - oil and gas company focusing on production and development in Gonzales County, Texas - Confirms it has completed its acquisition of the Chalk Talk 1, Chalk Talk 3, and Chalk Talk 4 wells from Millennium PetroCapital Corp. Official records lodged with the Texas Railroad Commission show that Pennpetro's subsidiary, Nobel Petroleum USA Inc, is now the legal owner and operator of these assets. Pennpetro didn't specify the value of the acquisition. Read More

LONDON MARKET CLOSE: Stocks soar, sterling suffers after shock UK CPI

19th Jul 2023 16:50

(Alliance News) - Stocks in London ended sharply higher on Wednesday after a cooler-than-expected inflation print in the UK raised hopes that the Bank of England won't have to hike interest rates as far and as fast as previously feared. Read More

Pennpetro Energy increases interest to fully own Texas oil leases

19th Jul 2023 10:53

(Alliance News) - Pennpetro Energy PLC on Wednesday said it has increased its interest in the Whistling Straits 5H well in Gonzales County, Texas to 100% from 25%. Read More

IN BRIEF: Pennpetro amends share placing for Texas deal

12th Jul 2023 15:55

Pennpetro Energy PLC - Oil and gas company focusing on production and development in Gonzales County, Texas - Places 5.8 million new and 9.2 million existing shares at 2 pence each to raise GBP300,000. This is a minor adjustment to the previously announced 6.0 million new and 9.0 million existing shares announced on June 27. Share placing is to raise funds for its deal with Millennium PetroCapital Corp to boost its stake in the Whistling Straits 5H well to 100% from 25%, as well as a 75% net revenue interest. Read More

IN BRIEF: Pennpetro to raise GBP300,000 as strikes Texas deal

27th Jun 2023 18:51

Pennpetro Energy PLC - North America-focused production company - Signs deal with Millennium PetroCapital Corp to boost stake in Whistling Straits 5H well to 100%, from 25%, as well as a 75% net revenue interest. Will pay USD70,000, in addition to original well commitment costs, to Millennium, plus USD10,000 per month rent of existing production facilities. In addition, has the exclusive right to acquire a 100% working interest in two nearby Chalk Talk wells. Pennpetro also raises GBP300,000, at 2 pence per share. Says portion will come through placing of 6.0 million new shares. Also adds 9.0 million existing shares will be included, "in order to settle the placing in a timely manner". Those shares are held by existing shareholders unconnected to any director. Read More

Pennpetro still "confident" in assets as half year loss widens

2nd May 2023 14:39

(Alliance News) - Pennpetro Energy PLC on Tuesday said it will look to expand its drill-focused activities in South Texas after it recorded a widened loss in the first half of its financial year. Read More

TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

28th Apr 2023 20:59

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

TRADING UPDATES: Cobra ups Wudinna ownership; DX Group opens new sites

24th Apr 2023 17:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

Pennpetro Energy makes progress at Whistling Straits 5H well in Texas

14th Apr 2023 10:45

(Alliance News) - Pennpetro Energy PLC on Friday said that the drill rig has now set the packer in the 7-inch casing at the Whistling Straits 5H well in the Peach Creek oil field in the US state of Texas. Read More

IN BRIEF: Pennpetro drills Whistling Straits well to target depth

12th Apr 2023 12:20

Pennpetro Energy PLC - Oil and gas company focusing on production and development in Gonzales County, Texas - Says that the Whistling Straits 5H well in the Peach Creek Oil Field, Gonzales County, Texas, has been drilled to 10,195 feet measured depth, with a 7,632.22 feet true vertical depth. The horizontal well will now be completed as a producer with over 2,500 feet of open hole within the Austin Chalk interval. Read More

IN BRIEF: Pennpetro Energy hydrocarbon shows logged at well in Texas

11th Apr 2023 14:30

Pennpetro Energy PLC - oil and gas company focusing on production and development in Gonzales County, Texas - Says hydrocarbon shows are being logged in the Whistling Straits 5H well, which is being drilled in the Peach Creek Oil Field, located in Gonzales County in Texas. Says the well is the first well to be drilled under its recently signed participation, development and option agreement between Pennpetro's subsidiary, Nobel Petroleum USA Inc, and Millennium PetroCapital Corp. Read More

Pennpetro celebrates as drilling at Whistling Straits progresses

5th Apr 2023 10:54

(Alliance News) - Pennpetro Energy PLC on Wednesday said that drilling operations have been progressing smoothly on the Whistling Straits well in Houston. Read More

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