Pennpetro Energy Takeover Rumours (PPP)

Gex is looking interesting: Reverse takeover of proven assets, Helium wells located in Australia. License obtained. Low risk of re-entering old producing wells. Off-take agreement with Harlequin Energy for refining and transportation of hydrocarbon & helium when they're extracted. Gex gets paid at the well-head. Asset estimated to worth £5billion. Company have plan to admitted onto the main FTSE market CEO have invested £2.5 million of his own money. Small number of free float shares. Fully funded programme to start in Q4.