Pennpetro Energy PLC - Texas-focused oil and gas company - Announces that Stephen Lunn has taken on the role of chair of the board with immediate effect. This follows David Lenigas’ resignation a director of Pennpetro with immediate effect, due to ‘his other business commitments’.

Chief Executive Officer Tom Evans says: ‘I welcome Stephen to his new position as Chairman. His previous experience and knowledge of the company, more fully outlined in our RNS of September 25, 2024, means he is certainly hitting the ground running in helping us achieve the companies near and long term targets. I would like to thank David for his guidance and drive of Pennpetro in the time we have worked together. We wish him well in his future business endeavours.’

Current stock price: 9.84 pence

12-month change: more than tripled from 2.00 pence a year prior

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