Pantheon Resources PLC AIM Rule 17 and Schedule 2(g) Update (7738V)

TIDMPANR

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.

-Ends-

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] 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFIFSAIRLIL

(END) Dow Jones Newswires

April 16, 2021 08:12 ET (12:12 GMT)