Pennpetro signs heads of terms to acquire Ukrainian oil and gas licence
LONDON: Pennpetro Energy Plc (LSE: PPP), a UK-based energy company focused on strategic energy projects, announced Wednesday it has signed Heads of Terms to acquire 100% of the Limnytskyi oil and gas exploration licence in western Ukraine. The acquisition will be made through a newly incorporated Polish holding company. The Limnytskyi licence spans 172 square…