Member Info for Newuncle

Lunn clearly knew no one would attend

Out of order imo and avoids being confronted by shareholders who planned to attend

Pennpetro (LSE: PPP) confirms that the Annual General Meeting of shareholders held on 17 February 2025 at 11:00 a.m. at 1 Heddon Street, London, W1B 4BD has been adjourned pursuant to Article 71 of the Company's Articles of Association.

Now it has been adjourned

Will be not has been

As the AGM has been set for the 17th of February 2025, upon advice received, the meeting will be adjourned until such that date as the company is able to present its audited financial statements

The RNs today confirmed the AGM happend today opened and adjourned.

That's it....well dodgy imo but within the rules unfortunately

Will be adjourned not has been adjourned

Weasel wording that we all missed

Most if not all assumed it was not going ahead today, we were wrong

I just reread the previous RNs, but sneaky holding the AGM but the wording allowed it to happen....not very good actions imo

As the AGM has been set for the 17th of February 2025, upon advice received, the meeting will be adjourned until such that date as the company is able to present its audited financial statements.

We already knew the AGM was postponed, it's a pointless RNS update and no point in discussing it further imo

Still the best part of a year away though......

I think we can all agree to disagree on Lunn here, he started with lots of updates and what looked like ways forward, none of which came through so he's not got much good will left for many (me included).

As for RM, his lack of any engagement via RNS or social media after his appointment is a concern but again we have to wait for the next RNS to see what he says.

That's it for me.

That sound better, apologies for my incorrect assumptions earlier

Sorry but I have no idea on the subject of calling an EGM being subject to AGM rescheduling, I was only quoting IPA's reply to my earlier question.

Perhaps I mis understood his post?

"No updates that side yet - guess PPP solicitors checking it through. It's only EGM if adjourned AGM isn't rescheduled for an appropriate date and with the resolutions requested (I think)."

That suggests to me that calling an EGM will not be forthcoming any time soon if no new date is given for the postponed AGM.

We know the AGM was postponed due to lack of accounts (at least that was said in the RNS anyway) and we know in the last RNS that Auditors won't be able to sign off accounts until after the end of April.

Not much else to say on the subject now and I guess we all hoping to see a positive update from the new CEO next.

No new news

How's the EGM coming along?

Just realised why affrm is so desperate now.....

Obviously affrm is clueless tamper and taking the trump approach to posting here.

Full of untruths and getting more desperate with every day that passes.

He must have bet big on ppp via a long bet and faces a huge bill if it doesn't come back.

Must be a massive leveraged bet he placed.

As usual Affrm doesn't reply to my posts...wonder why he just can't handle the truth when posted up in print to see?

No answers, Zero Credibility

27 November 2024

I feel the Company is now making solid headway with getting our accounts up to date and look forward to the lifting of the suspension in our shares shortly, once the auditors finalise their review."

All BS

"With respect to the oil re-vitalisation program in Texas, I am very pleased that the incoming President of the USA is pro oil drilling, and to this extent I advise that our new Texas operator, Globalvision have now completed their technical studies on the Pennpetro assets at Gonzales County and have advised the Company that the work-over rig is scheduled to arrive on site in the weeks after US Thanksgiving to commence oil production works on an accelerated development program."

More BS

Every RNS is the same, xxx to be done/delivered/started shortly (hopefully).......none ever happened

Affrm

Can you recognise the same pattern every time in those updates.....or prefer to simply ignore the FACTS that Evans misled investors in every official RNS released.

Affrm

What Lies

How about

27 November 2024

Pennpetro announces that it has it has raised and an additional £120,000 (gross) by way of a firm placing ("Placing") to one investor of 1,000,000 new ordinary shares at a price of 12 pence per share ("Placing Shares"). The funds for this placing have been received by the Company and the shares are expected to be issue on or around Monday, 2 December 2024.

This £120,000 placing (gross) is in addition to the £360,000 (gross) recently raised (as announced on 1 August 2024) and the £300,000 (gross) (as announced on the 16 August 2024) and will be used towards general working capital purposes as the Company moves to finalise its 31 March 2024 year-end accounts.

Tom Evans, Pennpetro's CEO, comments, "This placing has been completed out of our existing available headroom of 9.059 million shares. I feel the Company is now making solid headway with getting our accounts up to date and look forward to the lifting of the suspension in our shares shortly, once the auditors finalise their review."

"With respect to the oil re-vitalisation program in Texas, I am very pleased that the incoming President of the USA is pro oil drilling, and to this extent I advise that our new Texas operator, Globalvision have now completed their technical studies on the Pennpetro assets at Gonzales County and have advised the Company that the work-over rig is scheduled to arrive on site in the weeks after US Thanksgiving to commence oil production works on an accelerated development program."