Member Info for Hepran

Tell me something are major shareholders entitled to just one vote per resolution or because they are majority shareholders they get multiple votes say 10 votes per resolution?

Ss, if you think in your wildest dreams the TG group will rescue your investment then you will be extremely disappointed.

“Your complaint is that by voting yes you hand over the assets to Lunn but you appear to forget that any assets the company have are in held as collateral to a creditor controlled by Lunn so they will definately be in the hands of Lunn if it goes into administration. Catch 22 Therefore you need to consider your actual investment rather than your hatred of Lunn. Do you want to see your investment to have a value no matter how small or no value at all, as Lunn wins either way”.

Remember this, Lunn holds the master key….you lot are not gonna out fox him.

TG-Trolls Group LOL.

Same here, I’m livid

“silent majority”…..AHAHAHAHA.

so what tell us what is there plan post Lunn.

A fool and his money.

Oh look Dealer the broken record has also appeared.

He’s forgotten his bell emojis this time, sorry they have been taken off him for misuse LOL

Gasman give it a rest.

Go back to your TG group, they are presently conferring on what to say next

A complete waste of time

Hahaha…

So if the war in Ukraine ends soon what next would you say?

Ukraine has the highest concentration of rare earth elements in the world behind china, yes they struck a deal with the US regarding these but that was for just half of what they’ve so far discovered.

Once the war ends which it should soon enough Ukraine will become the hotspot for investment by companies looking to invest.

Ss, dilution is inevitable due to the issues at hand, the company has no money so shares have to be issued.

If you think this will remain at its current number of shares then investing is not for you.

99% of companies issue shares for various reasons

Take a look at UKOG LOL

Ssccss, swallow your pride, come off your high horse and acknowledge this is a good RNS for all of us for once.

Your anti Lunn stance will only cause you more heartache and bitterness, are you not tired of all of that?

RTOs typically take that long.

But what does it matter if the company is headed for relisting having been suspended for over 15 months already

It’s the only way forward out of the mess created by the previous board.

A new board, a new direction….

I think so

But we should get more news in the interim

Well done NU for calling this one

Well said Zag.

But the anti lungs and TG are bent on causing disruption and picking holes in an excellent and exciting RNS.

“In addition to the Proposed Acquisition of the Target, Pennpetro continues to investigate other potential complementary acquisition opportunities”.

I won’t be surprised if we get another RNS soon.

LOL give your head a wobble to clear out the anti Lunn brainwash

Today 07:00

RNS Number : 4628D

Pennpetro Energy PLC

15 October 2025

15 October 2025

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Signing of Heads of Terms for Ukrainian Oil & Gas project

Pennpetro Energy Plc (LSE: PPP), the company focused on developing strategic energy projects, announces the signing of Heads of Terms to acquire 100% of the Limnytskyi oil and gas exploration licence in western Ukraine, adjacent to the European Union border, in the far west of Ukraine, through a Polish Holding Company (the "Target"), being newly incorporated for the purpose, now that the Heads of Terms have been signed with PPP.

Referenced within the Company update of 25 September 2025 was a condition of the Convertible Loan Note to execute a Heads of Terms with RMD Group and its partners in relation to advancing the acquisition of 100% of their interests in a significant European oil and gas licence.

About the Limnytskyi oil and gas licence

The Limnytskyi oil and gas licence (172 km2) is located in the Carpathian basin in western Ukraine which has seen more than 100 oil and gas fields discovered to date. The license to be acquired by the Company is an under explored large-scale and highly prospective opportunity and expected, once developed to be a significant addition to the energy independence and sovereignty of Ukraine.

An in-depth analysis of recently acquired 2D seismic data studied by the Company, and incorporating Soviet-era well data, has identified several promising prospects. The Company intends to immediately re-enter one previously abandoned well (due to a high pressure blow out) and acquire 3D seismic at a pre-determined location before drilling a second well in the near term, expected to have a high likelihood of success.

Next Steps

The acquisition of the Target by Pennpetro (the "Proposed Acquisition"), if completed, would result in the Company's shareholders ("Pennpetro Shareholders") having a minority interest in the enlarged group (the "Enlarged Group") and would constitute a 'reverse takeover' under the UK Listing Rules of the Financial Conduct Authority ("UKLRs"; "FCA") as it would exceed 100% on the relevant 'class tests' set out in the UKLRs and will result in a change of the Pennpetro Board and voting control of Pennpetro.

The Proposed Acquisition remains subject, inter alia, to completion of legal and financial due diligence, regulatory approvals and the execution of a definitive share sale and purchase agreement by Pennpetro with the Target's shareholders. There is therefore no certainty that the Proposed Acquisition will proceed. In addition, completion of the Proposed Acquisition would be conditional on, inter alia: -

- approvals by Pennpetro Shareholders at a general meeting of a waiver resolution for the purposes of Rule 9 of the City Code on Takeovers and Mergers in relation to the resultant the Target's shareholders' controlling shareholding position in Pennpetro and of share capi

Ssccss you are sounding more desperate by the day.

You have been asked over and over again…what’s your plan post Lunn