Transaction Update

RNS Number : 5578S

Curzon Energy PLC

15 July 2022

 

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")

Transaction Update

15 July 2022

Curzon Energy Plc (LON:CZN), the London Stock Exchange listed company, announces an update regarding a potential transaction with Poseidon Enhanced Technologies ("PET") originally announced on 03 February 2021 and most recently updated on 28 April 2022. 

Curzon and PET continue active discussions regarding the potential extension of PET's exclusivity rights which, through an existing agreement announced on 23 February 2022 and series of payments to the Company, PET can formally extend through 30 September 2022.  The goal of this exclusivity period remains the agreement of a potential transaction, which contemplates a reverse takeover of Curzon by PET.   

While there can be no certainty at present that these rights will be formally extended, the Company believes that productive discourse continues and will update the markets with any outcome of these discussions in due course. 

For further information please contact:
Curzon Energy Plc	[phone]
Scott Kaintz
www.curzonenergy.com
SP Angel Corporate Finance LLP	[phone]

Broker

 

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