Pennpetro Energy Plc

Pennpetro Energy Plc is an independent oil and gas production company with focus on North America. The key asset comprises the central undrilled portion of the Gonzales Oil Field which is vested in the leasehold area within the City of Gonzales, Texas.
Deal price
2p
Discount of 21 %
Last Price 2.56p p

Key information

Key information

Sector

Oil, Gas and Coal

Close date

Delivery

Placing price

Last price

Discount

Amount raised

2p

2.56 p

21 %

£300,000

Use of proceeds

Pennpetro Energy Plc has agreed with Millennium to take over operatorship of the Whistling Straits 5H well and continue the process of putting this well on test. The balance of the funds will be used for general working capital purposes.

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