Member Info for Ssccss

OK Zag, you are right, the narrative does keep shifting quite abruptly. Seems to be a hallmark of ppp. I hope we hear soon what the exact steps are leading up to the submission of the request to return to trading.

To me it's implied by this rns. It would be useful understand if an AGM is definitely needed before return to trading and also what the "other required steps" are before returning. I think it's quite obvious to the board that this is so something most shareholders are interested in, so it shouldn't be communicated so vaguely imo.

Zag, from this rns.

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11 Feb 2026 14:45

RNS Number : 6448S

Pennpetro Energy PLC

11 February 2026

11 February 2026

RNS reach

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Company update

Pennpetro Energy plc, the company focused on developing strategic traditional and transition energy projects, outlines an update following a shareholder call on the 10th February.

Update on audit of 24/25 accounts

As previously announced the Company's auditors have confirmed to the Company the anticipated completion of the audit for 2024/25 accounts by the 20th February 2026. At this point the Company will review the audit and will then be in a position to publish the accounts, and call the relevant Annual General Meeting.

Timeline for requesting a return to trading

Following the publication of the accounts for 2024/25 along with a series of other steps required by the Company, a request will be made to the London Stock Exchange for PPP shares to return to trading on the Exchange. At the point of application, the Company will publish an updated timeline to give shareholders a better understanding of the actions required and potential timelines. Should the Company progress with the proposed Reverse Take Over (RTO) as previously announced, this may preclude the Company from returning to trading until the RTO process concludes.

Mavriky Kalugin's report

Chief Executive Officer, Mavriky Kalugin, travelled to Gonzales County and other relevant locations, in Texas. Mavriky returns this week, from visiting Gonzales County, and specifically, the locations of the Company's currently impaired Texas assets, gathering concrete information as to the status, condition, accessibility, of each lease and any equipment or assets that the Company may still have a right to, as well as any further issues associated with them.

Mavriky has also been collating information surrounding the subsidiary Company structures, banking and other relevant information. This will assist in future the auditors and avoid delays which have been created to publishing of accounts in the past due to difficulties obtaining clear detailed information from the Company's US subsidiaries.

Upon his return Mavriky will present this management report to the Pennpetro Board, and this will be the basis for a report which will be published for distribution to shareholders in due course.

Affrm, the latest rns doesn't specify if the prospectus is relating to the historic share issue or if it is relating to the RTO, or both. Just that it's late stage. Imo some important and specific details missing from the rns.

Could be that Stuart.

Hope so Casper. Unfortunately, for me, after the fiasco with DL, TE and then SL, I'm very reticent to believe any narratives. The proof will be in the pudding as they say. I always wondered why Texas was impaired if SL wanted half of it in return for his millions on loan. Never made any sense and yet I was told to forget Texas and so was affrm and many others. So I have to say I'm not impressed by this new board either. The only thing I care about is this coming back from suspension, ideally before the RTO and ideally with good news to suport the share price. However, I feel that might be asking rather a lot.

Caspar, unfortunately it will only return after the agm which is 6th May, so that's another 6 weeks.

Just one reminder Zag...

" Me, im still waiting for the 80/90% dilution to happen when the RTO happens before suspension ends(this was always my favourite)"

Possibly looking more likely after today's RNS. Happy to be proved wrong. Lets hope I am.

It will be a pleasure not to see you refer to me as if I'm not here. Green box away.

As usual, you attack me but you don't actually respond. Your obviously don't take your guidance from the rnss. You seem to only take guidance from your personal responses from the BOD and from the calls. Big mistake imo.

Zag, I honestly don't care what the BOD say outside of the RNS, they can say whatever they like, they will never be held accountable for it.

Well last week the accounts rns gave me the impression we were only waiting on interims! So. I updated my opinion to take account of new info. However, the rns today does not support that. So I have changed my opinion back! It's called critical thought not being dogmatic and closed minded. You should try it.

Sorry this was in response to you Zag.

"Delta. We both predicted the rto and have mentioned multiple times that it might affect return to trading."

V111JAS, who is frustratinf progress towards relisting? What is the issue holding it up? Do you know?

Spod, you can think what you like. I did vote no because I wanted existing shareholders to keep some control and have rights about what happens to ppp next. I have nothing to do with TG or TE. I am going to filter you now because your main aim is to discredit my posts by accusing me of all sorts. I have no idea why you are all so sensitive to discussing what is actually happening right now or not as the case may be.

As you know zag, cos you keep berating me for it.

Delta. We both predicted the rto and have mentioned multiple times that it might affect return to trading.

Spod how am I making anyone lose everything. Please tell me how you think I have that power. You are totally off your rockers.

So do I spod. Then I might not be here!

Oh really spod, that's interesting that you have come round to our way of thinking. I thought everyone thought I was crazy for having that opinion. Let's see. Who knows.