EnergyPathways PLC Change of Name and Registered Address (9761X)
December 28 2023 - 2:00AM
UK Regulatory
TIDMEPP
RNS Number : 9761X
EnergyPathways PLC
28 December 2023
28 December 2023
Dial Square Investments plc
Change of name to EnergyPathways plc
Change of registered address
Dial Square Investments plc (LON:EPP) is pleased to announce
that, in line with its intention set out in its AIM admission
document and in its announcement of 20 December 2023, it has
changed its name to EnergyPathways plc ("EnergyPathways" or the
"Company). The name change took effect on 22 December 2023 and the
Company's ticker (EPP), ISIN and SEDOL remain unchanged.
The Company's registered address has also been changed to:
Highdown House, Yeoman Way, Worthing, West Sussex BN99 3HH.
NOTICE OF INVESTOR EVENT
Investor Presentation via Investor Meet Company: 9:30am Tuesday
16 January
EnergyPathways is pleased to announce that Ben Clube (Managing
Director) and Mark Steeves (Chairman) will provide a live
presentation relating to the Investor Presentation via Investor
Meet Company on 16 January 2024 at 9:30am GMT.
The presentation is open to all existing and potential
shareholders. Questions can be submitted pre-event via your
Investor Meet Company dashboard up until 9am the day before the
meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add
to meet EnergyPathways via:
https://www.investormeetcompany.com/energypathways-plc/register-investor
Investors who already follow EnergyPathways on the Investor Meet
Company platform will automatically be invited.
Enquiries:
EnergyPathways Tel: +44 (0)207 466
Ben Clube / Ben Hodges 5000, c/o Buchanan (Financial
PR)
Email : info@energypathways.uk
Cairn Financial Advisers LLP (Nominated Tel: +44 (0)20 7213
Adviser) 0880
Jo Turner/Louise O'Driscoll/ Sandy Jamieson
Optiva Securities Limited (Joint Broker) Tel: +44 (0)20 3137
Christian Dennis / Daniel Ingram 1903
Global Investment Strategy UK Limited Tel: +44 (0)20 7048
(Joint Broker) 9000
Callum Hill / James Sheehan
Buchanan (Financial PR) Tel: +44 (0)207 466
Ben Romney / Barry Archer 5000
Email: energy@buchanan.uk.com
For further information on EnergyPathways visit
www.energypathways.uk and @energy_pathways on X (formerly
Twitter).
BACKGROUND
EnergyPathways is an integrated energy transition company and
plans to generate shareholder value by playing a wide role in
providing the UK with energy security and low emission energy
solutions. It is initially targeting UK gas assets, that can be
brought into production in the near term providing critical supply
to ensure domestic energy security as well as reducing the UK's
carbon footprint.
EnergyPathways holds, via its wholly-owned subsidiary
EnergyPathways Irish Sea Limited, a 100 per cent. interest in block
110/4a in Seaward Licence P2490 that contains the Marram gas field
(the "Marram Field" or "Marram Gas Project"), located 30km west of
mainland UK, and lies approximately 15-25km from existing offshore
gas infrastructure including the Morecambe gas complex in the UK
waters of the Irish Sea Basin.
The Marram Field, which was discovered in 1993, is estimated to
contain 35.3 Bcf of undeveloped gas 2P Reserves . EnergyPathways
considers the field to be a fully appraised, 'ready-to-go' gas
development asset with low sub-surface technical risk. It has
potential to be brought into production in a relatively short cycle
time, due to its shallow water location and its potential to be
tied-in to nearby existing infrastructure that has available
capacity .
EnergyPathways' proposed development plan for the Marram Gas
Project comprises two sub-sea horizontal wells and a tie back to
the existing infrastructure. The Company hopes the project will
generate high rates of return and a prompt payback. EnergyPathways
is targeting first production from the Marram Gas Project in
2025.
The Directors consider that natural gas will be a bridging fuel
in the UK energy transition to net zero and that natural gas will
have a critical role to play in the UK's energy market for decades
to come. Gas power generation is set to have a critical role in
providing flexible energy supply as intermittent renewable wind
energy generation in the UK increases. It is the Director's view
that a successful development of the Marram Gas Project can supply
low emission gas to the UK making a favourable contribution towards
reducing UK's carbon footprint as well as providing energy security
to the UK.
EnergyPathways' internal estimates suggest that there may be up
to 2 Tcf gas potential in the UK Irish Sea region. The Company
believes these resources have potential to be developed in
relatively short time frames and provide the UK with increased
energy security and low emission energy supply. EnergyPathways is
actively exploring opportunities to expand its resource base and
has a number of licence requests under consideration with the
Government regulator.
The UK Irish Sea region is ideally suited for integrating
undeveloped UK gas resources with the co-located clean energy
technologies and assets of the region to provide reliable, secure
and affordable low emission energy supply. The UK Irish Sea region
contains major renewable wind generation capacity, reservoirs
suited to natural gas and hydrogen energy storage and CCUS and
existing energy infrastructure , and the UK's leading hydrogen hub
development is nearby which will be driven initially by using gas
feedstock, gas reforming technologies and CCUS.
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END
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