Pennpetro Energy Share Discussion Threads

[petersmith6] 06/12/2024 18:38

I have horrible feeling it's going to be over Christmas.. low volume plus most people won't be paying attention means they can sneak out anything.

[sharebuyerzero] 06/12/2024 14:53

Needs to be next week or I think shareholders are genuinely going to start kicking off

[rw16] 04/12/2024 13:36

Nope….. 👎

[sharebuyerzero] 03/12/2024 20:07

RNS tomorrow morning ?

[kemche] 01/12/2024 19:44

The whoosh will be epic!

[bmwman3] 01/12/2024 18:51

Anticipation building for a RNS re suspension lifting! Very close now with multi bags imho

[petersmith6] 29/11/2024 17:29

I've just put a reality factor in.. wouldn't be surprised if we see som manipulation in the first 2 weeks

[1choip] 29/11/2024 15:52

75p -100p easily

[kemche] 29/11/2024 10:46

We know that all the wells are gushers so £1.50 easily doable.

[petersmith6] 29/11/2024 10:42

Thinking 25 to 30 p on opening and a steady walk to 50p as we get more updates. And yes..£1.50 is possible...but not for year or two

[sharebuyerzero] 29/11/2024 08:56

This comes back at 25p minimum

[billthebank] 28/11/2024 12:47

Very funny kemche!!!

[kemche] 27/11/2024 16:22

Once the complex accounts have been completed then whoosh!

£1.50 at the open.

GLA LTHers!

Leni the buyer????

[petersmith6] 27/11/2024 16:18

Maybe we're in for an early Christmas. Surly they have to relist before they can issue the shares... nobody's going to hand over the money if they can't sell anything

[kemche] 27/11/2024 15:47

Whoosh!!!!

[lazygun] 27/11/2024 15:08

wow - placing @ 12p just announced!!!!!!!

Pennpetro Energy PLC

("PPP" or "Pennpetro")



Pennpetro Energy Plc Places 1 million shares at 12p



Pennpetro announces that it has it has raised and an additional £120,000 (gross) by way of a firm placing ("Placing") to one investor of 1,000,000 new ordinary shares at a price of 12 pence per share ("Placing Shares"). The funds for this placing have been received by the Company and the shares are expected to be issue on or around Monday, 2 December 2024.



This £120,000 placing (gross) is in addition to the £360,000 (gross) recently raised (as announced on 1 August 2024) and the £300,000 (gross) (as announced on the 16 August 2024) and will be used towards general working capital purposes as the Company moves to finalise its 31 March 2024 year-end accounts.



Tom Evans, Pennpetro's CEO, comments, "This placing has been completed out of our existing available headroom of 9.059 million shares. I feel the Company is now making solid headway with getting our accounts up to date and look forward to the lifting of the suspension in our shares shortly, once the auditors finalise their review."



"With respect to the oil re-vitalisation program in Texas, I am very pleased that the incoming President of the USA is pro oil drilling, and to this extent I advise that our new Texas operator, Globalvision have now completed their technical studies on the Pennpetro assets at Gonzales County and have advised the Company that the work-over rig is scheduled to arrive on site in the weeks after US Thanksgiving to commence oil production works on an accelerated development program."



Total Voting Rights ("TVR") Statement



On the 12 July 2023, the Company announced that it had 100,299,081 ordinary shares of £0.01 par value on issue, each with one vote per share. Therefore, the total number of voting rights ("TVR") in the Company was 100,299,081.



On 16 August 2024, the Company announced it was issuing 5,000,000 shares as part of £300,000 placing (money received) and these shares ("16 August Shares") have indeed been issued. The 5,000,000 shares and the 1,000,000 Placing Shares announced today will add 6,000,000 shares to the previously reported TVR.



Therefore, the figure of 106,299,081, post the issue of these new Placing Shares, can be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.



For clarity purposes, the TVR will increase by 6,000,000 shares after the Company's shares return to trading after suspension. These 6,000,000 shares attached to the £360,000 placing announced on 1 August 2024 have been issued, and as announced in the RNS of 1 August 2024, will only be admitted to trading following the lifting of the shares from suspension.

[petersmith6] 25/11/2024 17:39

Indeed, but not surprising. We're getting the occasional news releases, so we're not dead yet. I'm just wondering if they are waiting to release news over Christmas for whatever reason.

[sharebuyerzero] 25/11/2024 17:17

Lack of news a disgrace

[vauch] 18/11/2024 07:48

Bill I agree, only in black and white will I have any hope of this co.

[billthebank] 17/11/2024 22:22

The news could be anything and could be any time ie this month this week next month next year.Nothing has changed so no change and no whoosh!!!

[kemche] 17/11/2024 17:01

That's big news con! Whoosh!

[con90210] 17/11/2024 14:25

Guy on Telegram claiming news due and seen evidence from Tom the CEO...let's see. Needs something now ffs!!

[rw16] 13/11/2024 11:52

On what charge?

[sharebuyerzero] 13/11/2024 10:22

I will be taking legal action against Tom Evans if that does happen. And I mean it