Phoenix Global Resources : Director's Dealing

16 May 2019

Phoenix Global Resources plc

('Phoenix' or the 'Company')

Director's Dealing

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces a director's transaction in the ordinary shares of the Company.

Director's Dealing

The Company was informed on 15 May 2019 that Sir Michael Rake, Chairman of the Company, acquired 130,000 ordinary shares at a price of 20.68 pence per share.

Following this transaction, Sir Michael Rake's beneficial interest in the Company is 460,000 ordinary shares representing an interest of 0.017% in the issued share capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sir Michael Rake
2	Reason for the notification
a)	Position/status	Chairman, 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	Ordinary Shares of 10p each
	Identification code	GB00B7LHJ340
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)	Price Volume £0.2068 130,000
d)	Aggregated information
e)	Date of the transaction	10 May 2019
f)	Place of the transaction	London Stock Exchange, AIM

Ends

For further information, please contact:

Phoenix Global Resources plc	Kevin Dennehy, CFO	T: [phone]
Stockdale Securities	Antonio Bossi David Coaten	T: [phone]
Panmure Gordon	Charles Lesser	T: [phone]
Camarco	Billy Clegg Owen Roberts James Crothers	T: [phone]

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licensed working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional potential.

The Company's website iswww.phoenixglobalresources.com