Pennpetro Energy PLCLSE Pennpetro Energy Stock Report

Pennpetro Energy Plc engages in the extraction and processing of crude petroleum. The firm acts as a holding company and provides direction and other services to its subsidiary. The principal activity of the Company’s subsidiaries are onshore oil and gas exploration and production in the United States. Its focus and areas of initial operation in North America, specifically within the City of Gonzales, Gonzales County, State of Texas. Its subsidiaries include Pennpetro USA Corp., Nobel Petroleum USA Inc., Nobel Petroleum LLC, Nobel Petroleum UK Limited, Pennpetro Greentec UK Limited and Pennpetro Green Energy Limited. Pennpetro USA Corp. holds 100% of the United States operational subsidiary Nobel Petroleum USA, Inc. (Nobel USA), which is an independent oil and gas production company based in the City of Gonzales, Gonzales County, Texas, United States of America. Nobel USA’s core area of business is in the Austin Chalk and Eagleford Shale oil and gas horizontal formations.