Phoenix Global Resources : Deferred Bonus Plan

28 June 2018

Phoenix Global Resources plc

('Phoenix' or the 'Company')

Deferred Bonus Plan

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has granted nil-cost conditional awards over a total of 3,325,406 ordinary shares representing approximately 0.12% of the Company's issued share capital under the Company's deferred bonus plan ('DBP'). The awards are not subject to performance conditions and are subject to the rules of the DBP including vesting criteria.

The share awards represent one third of the annual bonus awards. The first third of the share awards will vest on the first anniversary of the grant date; the second third on the second anniversary of the grant date; and the remainder on the third anniversary of the grant date.

Awards over a total of 547,015 ordinary shares for directors and persons discharging managerial responsibility ('PDMR') are set out below:

Director/PDMR	Position	Number of shares awarded
Philip Wolfe	CFO	193,637
Javier Vallesi	COO	353,378

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Philip Wolfe
2	Reason for the notification
a)	Position/status	Chief Financial Officer, Phoenix Global Resources plc
b)	Initial notification/Amendment	This is an initial notification.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Phoenix Global Resources plc
b)	LEI	213800KGHZ6DKGJNNT92
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Award over Ordinary Shares of 10p each
	Identification code	Award over Ordinary Shares with identification code GB00B7LHJ340
b)	Nature of the transaction	Grant of an award over Ordinary Shares under the Phoenix Global Resources Deferred Bonus Plan
c)	Price(s) and volume(s)
d)	Aggregated information
e)	Date of the transaction	27 June 2018
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Javier Vallesi
2	Reason for the notification
a)	Position/status	Chief Operating Officer, Phoenix Global Resources plc
b)	Initial notification/Amendment	This is an initial notification.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Phoenix Global Resources plc
b)	LEI	213800KGHZ6DKGJNNT92
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Award over Ordinary Shares of 10p each
	Identification code	Award over Ordinary Shares with identification code GB00B7LHJ340
b)	Nature of the transaction	Grant of an award over Ordinary Shares under the Phoenix Global Resources Deferred Bonus Plan
c)	Price(s) and volume(s)
d)	Aggregated information
e)	Date of the transaction	27 June 2018
f)	Place of the transaction	Outside a Trading Venue

Ends

Enquiries:

Phoenix Global Resources plc	Anuj Sharma, CEO Philip Wolfe, CFO	T: [phone] T: [phone]
Stockdale Securities	Antonio Bossi Ed Thomas	T: [phone]
Panmure Gordon	Adam James Atholl Tweedie	T: [phone]
Camarco	Billy Clegg Owen Roberts James Crothers	T: [phone]

About Phoenix:

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) is an upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources. The Vaca Muerta is the only producing shale outside of the US and has attracted significant major entrants including Total, BP, Chevron, ExxonMobil, Qatar Petroleum, Petronas, Shell and Equinor. The Company has 560,000 net Vaca Muerta acres covering approximately 7.5% of the formation, with three core Vaca Muerta areas (Puesto Rojas, Mata Mora and Corralera). The Company's unconventional acreage is underpinned by 57.2 MMboe conventional proven and probable reserves and 11,070 boepd of production in 2017. The Company's strategy is to invest in drilling activity in its Vaca Muerta acreage to increase resources, reserves and production and is well capitalised and of a scale to do so.

The Company's website iswww.phoenixglobalresources.com