AIM Rule 17 and Schedule 2(g) Update

RNS Number : 7738V

Pantheon Resources PLC

16 April 2021

 

16 April , 2021

Pantheon Resources plc

AIM Rule 17 and Schedule 2(g) Update

Pantheon Resources plc ("Pantheon" or "the Company"), announces the following updates to disclosure in relation to Jay Cheatham, CEO of the Company, pursuant to AIM Rule 17 and Schedule 2(g)(iii) to (viii) of the AIM Rules.

As previously announced, Pantheon has completely exited its East Texas assets. As part of this exit, and as disclosed in its annual account to 30 June 2020 announced on 27 January 2021,  Vision Resources LLC filed for Chapter 7 Bankruptcy in the United States Bankruptcy Court for the Southern District of Texas Houston Division on 28 April 2020. These bankruptcy proceedings remain ongoing but are expected to be concluded later this year.

In connection with these bankruptcy proceedings the Company provides the following updates in relation to Jay Cheatham, Chief Executive of the Company, pursuant to AIM Rule 17 and Schedule 2(g)(iii) to (viii) of the AIM Rules.

Mr Cheatham was Sole Manager and CEO of Vision Resources LLC and Vision Gas Limited, and President and CEO of Vision Operating Company LLC, all of which are part of the above bankruptcy proceedings which commenced on 28 April 2020 and remain ongoing.

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Further information:

Pantheon Resources plc	[phone]
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate Development
Canaccord Genuity plc (Nominated Adviser and broker)
Henry Fitzgerald-O'Connor, James Asensio, Angelos Vlatakis	[phone]
Blytheweigh
Tim Blythe, Megan Ray, Alice Mclaren, Madeleine Gordon-Foxwell	[phone]

 

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