Member Info for Newuncle

Affrm

You are two faced go back to your precious tgm you are not a genuine person.

Affrm

Tell your TG mates to stop the fud.

If you don't call them out now and on this BB then you are no better than them

Time to choose a side and now

TG or genuine shareholders who support the company.

Which is it?

Gasbag knows fa . He's a paid troll and voted to make sure the company would fail

Tom is his fan boy ask yourself why?

The answer is obvious

BS BS BS....FO Tibbsy...and close the door behind you

No doubt TG will be firing off letters to the FCA very shortly to stop them approving PPP being taken out of suspension next

From an accounting perspective, this clears the path to apply for re-admission to trading on the London Stock Exchange, which the Board intends to request immediately.

There can be no guarantee that this request will be met with a positive response and immediate return to trading.

For the record, it is not the intention of this board to delay the return of the Company to trading on the exchange until after the RTO announced in Q4:2025,

This is still an active situation, but will not be allowed, nor used, to delay an orderly return to trading of the Company

I prefer this BB without affrrm and his constant whining.....he clearly hasn't read the RNS properly either.....re Texas

Jeez, Just wait for fox sake

You need a better IFA or even better, a real one perhaps?

The market isn't as black and white as that in reality. Far from it when it comes to markets like AI.

Summary by AI BETAClose X

Pennpetro Energy PLC has released its annual report for the year ended March 31, 2025, detailing a loss of $1,717,113, a significant improvement from the prior year's loss of $8,897,048. The company has been undergoing a period of restructuring and governance reform, facing challenges with legacy management and a campaign to undermine its progress. Despite these difficulties, Pennpetro has secured interim funding of £500,000 through convertible loan notes from Canadian RMD Group, which has helped settle legacy creditor balances and provided working capital. The company is focused on rectifying historic issues, strengthening internal controls, and rebuilding corporate governance frameworks to facilitate its application for re-admission to trading on the London Stock Exchange. The report also highlights the impairment of certain US assets and the ongoing efforts to regularize historically lent shares.

You need to think bigger picture here.

Texas is history.

Look beyond those leases.

So true this:

These difficulties were compounded by a sustained and coordinated campaign by certain former

directors and management and supported by associated shareholders and other individuals who,

in particular between the departure date of the former CEO, right up until the General Meeting

held on the 23/12/2025 at which time a significant improvement in this situation was noticed,

sought to undermine through false narratives the Company, at every possible opportunity.

Spod,

Please keep that post for the TG trolls when they show up after their strategy meeting this afternoon, they are not done yet........no doubt Tom will be issuing new instructions

Get lost Tiger, you blow one way then the other here.

A a great big THANK YOU to Richard and the Team for delivering the result despite Evans and his TG trolls trying to block them for months and months.

Back to even on the day....where is Roger?

Better ask Tom....oh of course we can't can we.....all happened on his watch

Ukraine in ON

RMD Group has also agreed to advance funds directly to suppliers and contractors in Ukraine to progress activities relating to the Limnytskyi licence. These costs will not impact the short-term cash flows.

This is what really matters:

Going concern

The Directors have assessed the abilitytocontinueas agoing concern for a period of

at least 12 months from the date of approval of these financial statements. This assessment

takes into account the current financial position, expected operating costs, planned

activities, and availability of funding.

Since October 2025, the Company has engaged with a number of institutional investors in

connection with the proposed return of its shares to trading on the London Stock Exchange and

the planned acquisition of the Limnytskyi licence in Ukraine. Feedback to date has been

positive, and the directors believe that sufficient funding can be raised to meet the

immediate operational and working capital requirements following the resumption of trading. In

addition, the Company has access to funding through a convertible loan note

arrangement with RMD Group. In January 2025, the board approved a second tranche of

£250,000 under this facility, which is subject to an agreed use of funds. Further funding may be

made available under this or similar arrangements, should it be required.

RMDGroup has also agreed to advance funds directly to suppliers and contractors in Ukraine

to progress activities relating to the Limnytskyi licence. These costs will not impact the

short-term cash flows. Upon completion of the ongoing restructuring and should the Limnytskyi

licence form part of the continuing Group, the related assets and activities will be transferred to

the Company, together with the associated funding obligations.

Following the removal of a significant creditor from the balance sheet, the settlement of the

majority of remaining creditors, and the availability of committed and potential funding to meet

near-term obligations, the Directors consider it appropriate to prepare the financial statements

on a going concern basis.

Whilst the Directors are confident in the abilitytoraiseadditional fundsasrequired,

from existingand/or new investors, the current conditions do indicate the existence of a material

uncertainty that may cast significant doubt regarding the applicability of the going concern

assumption. The financial statements do not include adjustments that would arise in the event

of the Group and Company not being able to continue as a going concern

Canada time difference makes process longer let's see later