Curzon Energy Plc (LSE:CZN) entered into a letter of intent to acquire Poseidon Plastics Ltd. on February 3, 2021. Curzon Energy will now enter an initial period of exclusivity with Poseidon Plastics during which each party will conduct due diligence on the other. The parties have agreed that during this period they will work towards the execution and delivery of a definitive purchase agreement, contemplating a reverse takeover of Curzon by Poseidon Plastics, which will be conditional upon receipt of the required regulatory approvals from the FCA. As of March 1, 2021, the exclusivity period has been extended to April 1, 2021. As of March 29, 2021, the exclusivity period has been further extended to May 1, 2021. As of April 28, 2021, the exclusivity period has been further extended to June 1, 2021. As of June 25, 2021, the exclusivity period has been further extended to August 1, 2021. As of July 28, 2021, the exclusivity period has been further extended to September 1, 2021. As of November 30, 2021, the exclusivity period has been further extended to January 1, 2022. As of January 4, 2022, the exclusivity period has been further extended to February 1, 2022. As of March 2, 2021, the exclusivity period has been further extended to April 1, 2022. As of April 28, 2022, the exclusivity period has been further extended to June 1, 2022.

Curzon Energy Plc (LSE:CZN) cancelled the acquisition of Poseidon Plastics Ltd. on April 19, 2023.