Termination of Transaction Discussions with PET

RNS Number : 6651W

Curzon Energy PLC

19 April 2023

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Curzon Energy Plc
("Curzon" or the "Company")

19 April 2023

Termination of Transaction Discussions with PET

Curzon Energy Plc (LON:CZN), the London Stock Exchange Standard listed company, announces it has informed Poseidon Enhanced Technologies Limited ("PET") of the formal termination of the Letter of Intent ("LOI"), first announced on 3 February 2021.  As the period of exclusivity with PET had expired, no further obligations remain among the parties, although PET will remain a significant and supportive creditor of the Company given the financial assistance it has provided.

For further information please contact:
Curzon Energy Plc	[phone]
Scott Kaintz
www.curzonenergy.com

 

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