RE: Waiting for the RNS19 May 2026 16:18
Gasman
Had to use AI, but think you get the idea. New, please
The timing of this new security creation aligns with Pennpetro's recent corporate activities in late April and early May 2026. The company has been working with the RMD Group to secure operational funding, working capital, and specialized funding via Convertible Loan Notes (CLN3). These notes are intended to address "going concern" provisions, clear accounts payable, and fund their strategic well restarts in Texas and license opportunities in Ukraine