8th Feb 2019 17:24
LONDON (Alliance News) - Pennpetro Energy PLC on Friday said it has raised GBP800,000 from a 1.4 million share placing at a price of 55 pence per share.
Pennpetro is currently focused on the development of its Gonzales oil field in the US state of Texas and expects the new shares to be admitted to trading on Friday next week, bringing the company's total issued share capital to 72.3 million shares.
Shares in Pennpetro closed untraded at 58.00 pence on Friday.
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Pennpetro Energy