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4 stories mentioning PPP.LUpdated 12d ago

Every FINWIRES story that references PPP.L, newest first.

Equities

Pennpetro Energy Advances Reverse Takeover of Oil, Gas Portfolio

Pennpetro Energy (PPP.L) is reviewing several opportunities for a reverse takeover as part of its strategy to develop a portfolio of oil and gas projects in multiple locations, including Ukraine and the US.The energy projects developer said Wednesday that three of the opportunities are already at an advanced stage but will remain subject to shareholder approval, among other processes.Pennpetro added that it expects to receive short-term debt funding from RMD Group to advance the projects, pending the completion of the reverse takeover.

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Equities

Pennpetro Energy to Sell Remaining Interest in Three US Units to Petroquest Energy

Pennpetro Energy (PPP.L) agreed to sell its remaining 49% interest in three US subsidiaries to Petroquest Energy, according to a June 5 filing.The London-listed energy projects developer is exiting its shareholding in Pennpetro USA, Nobel Petroleum USA, and Nobel Petroleum subsidiaries.Petroquest Energy previously acquired a 51% interest in the subsidiaries.

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Equities

Pennpetro Says UK High Court Dismisses Shareholder Claims

Pennpetro Energy (PPP.L) said Tuesday that the UK's High Court dismissed all claims brought by shareholder Jesse Edwin White against the company.White had filed a claim seeking rectification of the shareholder register after the company failed to register 6 million shares he purchased in November 2023. He also sought interim relief to prevent the oil and gas company from holding its May 6, 2026, annual general meeting.The court dismissed both the rectification claim and the injunction application, the company said.

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Equities

Pennpetro Energy Names Nonexecutive Co-chairman

London-listed energy projects developer Pennpetro Energy (PPP.L) appointed Ronald Derrickson as nonexecutive co-chairman to support Executive Chairman Richard Spinks.Derrickson is the owner and president of RMD Group, according to a Friday release.

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