Pennpetro Energy PLC

("Pennpetro" or the "Company")

Short delay in publication of Annual Report and Accounts

London, 1 July 2022 - Pennpetro, an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, notifies about a delay in publication of its Annual Report for the year ended 31 December 2021 ("FY21 Results"). The delay reflects the need for the Company and its Auditors to finalise reporting requirements. It is expected that this will be concluded by no later than 8 July 2022.

As 30 June 2022 was the last day permitted for publication of the FY21 Results under the Financial Conduct Authority's (the "FCA") Disclosure Guidance and Transparency Rules and the FCA's Listing Rules, the Company requested the FCA that the trading of the Company's ordinary shares of 1 pence each be temporarily suspended with effect from 07:30am today, 1 July 2022. 

Further announcements will be made as and when appropriate.

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NOTES TO EDITORS

Pennpetro Energy is an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA. Shares in the company were admitted to the Official List of the London Stock Exchange by way of a Standard Listing on 21 December 2017.

Further information on the Company can be found at www.pennpetroenergy.co.uk