Pennpetro Energy Plc is an independent oil and gas company incorporated in England and Wales with its focus and areas of initial operation in North America, more specifically within the City of Gonzales, Gonzales County, State of Texas. It maintains an operational office at 620 St. Paul Street, City of Gonzales, Texas.
The Company has been established as an oil & gas operator with an initial key asset currently at an early stage of development, and which may make complementary acquisitions of target companies, assets or businesses in the North American upstream petroleum sector – characterised by the process of acquiring proven undeveloped oil reserves and their extraction.
Since its foundation in 2016, the Company has acquired through its acquisition in May 2017 of Nobel Petroleum UK Limited and its wholly owned subsidiary, Nobel Petroleum LLC, and subsequent additional primary leasing, an interest in 2,250 acres which form the central portion of the undrilled section of the Gonzales Oil Field, located within the City of Gonzales.
Since its foundation in 2016, the Company has acquired through its acquisition in May 2017 of Nobel Petroleum UK Limited and its wholly owned subsidiaries, Nobel Petroleum LLC and Nobel Petroleum USA, Inc., an initial interest in 1,800 acres, which has been through subsequent additional primary leasing of petroleum leases increased to some 2,250 acres which forms the central part of the undrilled proton of the Gonzales Oil Field which lies within the City of Gonzales itself.