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Right so before we go insane and start worrying, surely this is a buffer of 4p (only should GEM want to sell)! They will want the price much higher to make much more money. They must be aware of something to be happy to stump up the cash. Don't forget the raise at 6p X2 and 12p

This might well have some excellent other news due soon that we don't know of yet. It's coming back that's 100% but let's not lose focus and faith because yes the rns is in GEMs favour but it does allow access to funds too so it helps ppp as a business does it not?

GEM will be expecting the sp to be much higher than 4p.

Good morning all,

Yes i was in EUA too, it was the same 5 plus months of hell on the LSE board except a few supporters. an believers, with over 1 billion shares in issue it hit 48p? !

This is coming back to the market, im 99.9% sure & great news will follow... Better than a lot of people expect.

Tang, there's more to this than you are saying or think, relisting is completely on the cards, there should be plenty of good news to come once relisted. Audit complete, then vote on the AGM, then comes the news.

Firstly Gregorio is a disgrace and has been the thorn on everyone's side since suspension began. Secondly, crypt and others talking about a sell off etc, of course some will sell UNLESS some excellent news is presented which then would be crazy to sell due to the fact, its what we have all been waiting for as well as an opportunity for many who bought low to make a very good return that doesn't come round very often.

We Are all waiting to see what PPP and GV have up their sleeve, its not been an easy ride but if they get this right then we are absolutely set going forward. Things to remember are this deal de risks PPP and has a passive income on any oil 12% on existing workovers and 10% on any new wells. Plus there was to be a 50/50 jv on any lithium and gas, for any 10m mcap company this is big. All we need to do is get the audit complete, show our cards on what we collectively have been working on.

Its time to put the doubters to bed once and for all. Just circa 110m shares in issue currently which is very low guys, its hard to comprehend it but if a company with just over 100m shares happens to do well, the share price would do extremely well, like crazy well. If you think of it this way, EUA did 48p with over one billion shares...…. so imagine how high PPP could go with the right news, also to remind people is, its in Texas, a safe state, full of oil and gas, China and USA beef means USA independence from china which means good news for companies such as GV and PPP. Its all about timing, i guess we are nearly there, come on RM, please bring it home for us.

Tiger 🐅 don't worry. Q2 is upto June.

Hopefully ppp release some very good news. RTO or merger / name change might happen. Let's see mate.

Climbing Wooster what do you mean Westerdale Corporate Llp Today 10:31

This is the solicitors representing Pennpetro for anyone interested in approaching in the near future?

These re our accountants / company secretary - https://www.westendcorporate.com/

Do you mean Westend

IMHO we are or must be coming closer to resume trading. It's May now, mid Q2. Hopefully there are exciting times ahead and based on the last rns wording it sounds very positive from RM. He seems confident that we will be a well funded and well ran company with upstream assets.

Whatever else they are working on I hope will become apparent soon (when the time is right for max impact.

It's time we have some positive news tbh with you and it will be fully deserved. RM seemed confident e enough to put it in an rns so fingers 🤞 this comes good.

I know there's a lot of frustrated investors here but everyday we are getting closer, the only thing is after a lot of discussion on the telegram group and we don't know if the plan all along was to Join as merger perhaps name change and then go onto the prime market as one or whether they will stay as separate partners in the jv as they are now.

One other thing, GV have a new ceo named on their website (incoming) and RM is ceo here so I'm wondering if they are going to stay separate and RM moved over to stablisise the ship and make sure both companies are aligned to get the deal over the line. Perhaps it's worth A LOT of money 💰 to both companies and it was worthwhile RM moving over so the deal does not diminish.

IMO i believe this will be very exciting when this comes back.

Sheltie, perhaps no evidence of fraud per say, who knows. I believe IMHO that something big is being worked between GV and PPP, i'm not sure but perhaps a Merger, trading as one, resources and staff as one, on the prime market aas anew listing which is what PPP were going to do anyway.

Also workovers, tests, new wells perhaps under a completely different name altogether.... .... lots of them. Lets wait and see but this could well be huge for both companies...... once audit completed and prove what PPP/GV have then new investment could pour in. Any major news will not be released until audit is completed.....

Fingers crossed.

We are getting closer and closer each day, lets just hope we can get the audit completed under the watchful eyes of RM (He was an accountant so he can really help move things along i'm sure & in one previous RNS's they almost blamed the audit company for delaying pretty much.

Anyway, approaching May so we are getting closer to news, we just need some positive news to push us on, i don't know if an RTO will happen but who knows the JV might well become a merger and a name change and trade on the Prime Market as one & TBF it might actually be really good and dare i say it a very solid well ran company... I don't for one second believe RM is trying to steal the company, like i have said previously if all goes well then i think RM will release some very positive news...when the time is right (Yes very good positive ops update!) . (No doubt zag and others will launch a personal attack on me for that) .... anyway we do need some good news and goodluck along the way, us shareholders do deserve something very good to come of this. Fingers crossed not too long now.

Zag you always respond with a sharp tongue. Misleading? I was saying we will or should get royalties from new and old Wells, is that not correct???!

We should have circa £600,000 on resumption of trading and perhaps other funding? We should be well on our way this year and next

We will be getting royalties as well from new and old Wells...

What really frustrates me is we had a very good run upto suspension to get the news we had been waiting for (jv deal signed and completed) all to be suspended.

The way it played out was extremely frustrating and I believe it will come good and continue on but 9months waiting is too long IMHO. We could have done really well if it hadn't had gone into suspension... why couldn't they just sort the audit out like in 2 to 8 weeks like previous years? That is the only thing that really winds me up tbh.

We need to see RM and Co delivering now for the sanities of all investors. I know there's huge potential but we need the damn audit completed.

Potential here is bigger than people may think. As much as I get stick for this I know something behind the scenes is happening but when RM wants to release this news only he knows.

Fingers crossed not long now GL all investors.

RM is on the shareholders side allegedly so that's a very good thing right? Since he's been on board S Lunn has been very quiet. I think it's about time that this audit gets complete so we can move the business forward and get some good operational news released to help us along the way.

It's really doom & gloom on here and I agree why it's like this. It's been a long 9 months. I'm hopefully not going to but I'd lose a lot of money too.

I'm disappointed it's taken this long tbh. Hopefully it comes good, the audit needs completing asap so we can move forward. There's a lot of potential here but being stuck in limbo is frustrating.

I'm hoping our luck changes soon & If only RM releases very good news we can still turn this around. He's our ceo, surely he sees big value here. Perhaps he's planning a merger RTO so gv and ppp become one and trade on the prime market.

Fingers crossed 🤞 all goes well and falls into place.

Stuart let's hope this comes good. Investors sure deserve it with ppp after the wait we've endured.

I can't say for certain on what's going to happen. We need this audit completing ASAP, we cannot be far away now surely.

A merger / RTO could well be on the cards as we are going on a JV anyway, only time will tell. There are rigs onsite, I mean does that even happen unless there's something going on!? Youdont just hire rigs for endless months on end.

The whole thing about ppp and gv working on something is very true indeed. What we need now is the news to be released. It would be a monumental milestone for shareholders after this very long 9months.

I have taken some time away due to family matters so I've stepped back quite a lot (need to focus on other matters atm)

Wouldn't it be lovely if this comes good for us, depending what news comes out might be completely surprising to everyone especially the doubters. Any major operational news will be released after audit IMO not before.

MattK6 is that all you can add? Is it speculation?

Who else is thinking this will be merger or RTO? That may very well be the case, even a name change too perhaps?

GWilliams, i think your right, there is to be monies on relisting (if i recall its 600k in raises). I think there was a raise at 12p & those monies were already received.

In response to V111JAS - An RTO could well be on the cards, both companies joining up as one, like the other poster said that would send this nuts when resuming trading. The GV website states a new CEO is incoming (he is named) an now the CEO of ppp is Robert Menzel. It kinda makes sense to me and that might well explain the very quiet period we have been through. Im still on my holidays so taken a well earned rest from ppp and work / life but checked in today to see what is going on.