PENNPETRO ENERGY PLC

• ◆

  Material uncertainty over going concern

  Whilst the Directors are confident that such funding can be obtained, the need for additional external finance whose timing and amount are not yet committed constitutes a material uncertainty that may cast significant doubt regarding the Group's and the Company's ability to continue as a going concern.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

• ·

  Going-concern uncertainty disclosed

• ·

  Negative shareholders' funds

Figures converted to GBP from USD at 0.792 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“Whilst the Directors are confident that such funding can be obtained, the need for additional external finance whose timing and amount are not yet committed constitutes a material uncertainty that may cast significant doubt regarding the Group's and the Company's ability to continue as a going concern.”

Group structure

1. PENNPETRO ENERGY PLC · parent
   1. Pennpetro Greentec UK Limited 100% · UK · Dormant
   2. Pennpetro Greentec Limited 100% · Cyprus · IP Holding (Inactive)

Significant events

• “The return of the shares lent to the Company by supportive shareholders in 2023 - shares which should have been returned long ago remains an urgent priority, a legal obligation and, in this Board's view, a matter of basic fairness.”
• “On 30 March 2026, the Company signed a Loan Release Deed with Petroquest Energy Limited. Under the terms of the agreement, the Group and its US subsidiaries were discharged from all liabilities under the Petroquest loan note.”
• “On 7 April 2026, the Company resolved a historic share subscription facility liability of £427,157 by registering 6,000,000 ordinary shares in the name of Mr Jesse White.”
• “On 10 June 2026, the Company announced that it is pursuing several oil and gas opportunities which may result in one or more reverse takeovers, including advanced discussions regarding the acquisition of an interest in the Limnytska oil and gas licence in Western Ukraine.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.