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Pennpetro Energy (PPP) Share News

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

Pennpetro Energy signs deal with UK Oil & Gas to develop Horse Hill

28th Mar 2023 17:52

(Alliance News) - Pennpetro Energy PLC on Tuesday signed an agreement with UK Oil & Gas PLC to farm-in and drill the next infill oil production well at the Horse Hill Oil Field, near Gatwick airport. Read More

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

16th Mar 2023 17:32

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

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

16th Mar 2023 17:31

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

TRADING UPDATES: Okyo Pharma files IND; Reabold Co-CEOs buy shares

21st Nov 2022 21:59

(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

TRADING UPDATES: Joules nomad resigns; Pharma C loss narrows

18th Nov 2022 19:49

(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

Pennpetro Energy signs agreement through subsidiary for petrol project

6th Oct 2022 17:21

(Alliance News) - Pennpetro Energy PLC on Thursday said it has signed an agreement with ESG Energy Inc through its wholly owned subsidiary, Nobel Petroleum USA Inc, for a proposed petroleum joint venture. Read More

UK shareholder meetings calendar - next 7 days

23rd Sep 2022 15:58

UK shareholder meetings calendar - next 7 days

23rd Sep 2022 15:58

TRADING UPDATES: Upland and Pennpetro sign deal; PYX sales up

22nd Jul 2022 14:58

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

IN BRIEF: Pennpetro Energy widens annual loss but remains confident

13th Jul 2022 16:13

Pennpetro Energy PLC - oil and gas company focused on the Gonzales oil field in Texas, US - Widens its pretax loss in 2021 to USD1.3 million from USD1.0 million in 2020. Explains the main driver behind the loss were legal and professional fees, loan arrangement fees and interest charges which were all in line with board expectations. Posts no revenue in 2021, down from USD66,798 in 2020. Says operations undertaken in a restricted manner following Covid-related lockdown in the year. Remains confident in its petroleum assets and its pending Tunisian operations. Read More

SHARE SUSPENSIONS: Windar, BiON, Argos Resources, Ross miss deadline

1st Jul 2022 11:11

(Alliance News) - UK-listed companies that had their shares suspended on Friday as they missed the June 30 annual results deadline. Read More

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