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IN BRIEF: Pennpetro aiming to return COG 1 to production by year-end

ALN

Pennpetro Energy PLC - Texas-focused oil and gas company - In the 15 months ended March 31, records a pretax loss of $318,902. This compares to a loss of $1.3 million in the 12 months ended December 31, 2021. Records no revenue in the 15-month period, unchanged from in 2021. Company explains it has changed its year-end so that all of its subsidiary companies report on the same date. Notes that there was no oil production from its Gonzales County site in Texas during the 15-month period but adds it aims to put its COG 1 well back into production by the end of the calendar year.

Current stock price: 1.86 pence

12-month change: down sharply from 1,150.00p

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