Pegasi Mourns the Loss of Richard Lindermanis
01 February 2012 - 5:17PM
Pegasi Energy Resources Corp. (OTCBB:PGSI) (the "Company")
announces:
It is with great sadness and regret that the Company announces
the death of Richard A. Lindermanis, its Senior Vice President, CFO
and Director. Richard was a founder director of the Company and was
instrumental in establishing Pegasi as a viable public company,
imbuing the staff with whom he worked with the highest professional
and ethical standards. The Board of Directors and employees extend
their deepest sympathy to Richard's family in this time of
mourning.
Dr. Oliver Waldron, Chairman, said, "This is a very sad day for
anyone who ever had the opportunity to work with Richard firsthand.
Richard will be sorely missed by his colleagues as a valued member
of the management team where his years of commitment and dedication
to Pegasi will not be forgotten."
Michael Neufeld, Pegasi's CEO, will assume Richard's
responsibilities on an interim basis until the board appoints a new
CFO.
About Pegasi Energy Resources Corporation
Pegasi Energy Resources Corporation is an organic
growth-oriented independent oil and gas exploration and production
company, headquartered in Tyler, Texas. Pegasi is focused on a
repeatable, low geological risk, high potential project in the
active East Texas oil and gas region. The company's strategy is
focused on establishing a portfolio of drilling opportunities to
exploit undeveloped reserves to grow production, as well as
undertaking exploration to grow future reserves. Additional
information concerning Pegasi Energy is available at
www.pegasienergy.com.
The Pegasi Energy Resources Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4682
CONTACT: Investor Contact:
Michael Neufeld
(903) 595-4139