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