Prominence Energy voluntary suspension request

Prominence Energy Limited (ASX: $PRM) has requested a voluntary suspension of its securities under ASX Listing Rule 17.2. The suspension is pending the release of an announcement related to a project investment. The company has requested the suspension to be effective immediately and remain in place until the earlier of the company making a release or the commencement of normal trading on Tuesday 5 March 2024.

Executive Commentary

The Company requests a voluntary suspension of its securities in connection with the preparation of an ASX release regarding the project investment component. The suspension is effective immediately and will remain in place until the company makes the release or normal trading commences on Tuesday 5 March 2024. The Company is not aware of any reason why the voluntary suspension should not be granted. - Alex Parks, Managing Director

Summary of Prominence Energy's Suspension Request

Prominence Energy Limited (ASX: $PRM) has requested a voluntary suspension of its securities pending the release of an announcement related to a project investment. The company aims to identify high ROI opportunities and is currently reviewing potential investments in conventional oil and gas projects, Helium, Green Energy, and Green Hydrogen. The key opportunities include a 100% Working Interest in the Big Apple Prospect in the Gulf of Mexico and a 10% interest in ECOSSAUS Ltd. The company's strategy is to secure early-stage high potential opportunities at close to 'ground floor' valuations.