– UK, London – Pennpetro Energy PLC (LON: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, today announced the appointment of David Lenigas to its Board of Directors as Executive Chairman with immediate effect, replacing Olof Rapp who remains on the Board as a Non-Executive Director.
About David Lenigas
David Lenigas is a mining engineer with extensive senior corporate experience across stock exchanges in the UK, Australia, Canada, and South Africa. He has been Chairman of various petroleum-focused exploration and development companies with operations in Spain, the UK, Trinidad, and the USA. His corporate and operational experience will greatly assist the Company as it moves towards its goal of becoming an oil producer.
David Lenigas said: “I’m pleased to have joined the Board of Pennpetro, my only petroleum sector-related board position. The Company has a powerful story to tell as it moves towards drilling its first development wells in Gonzales County in Texas. The momentum behind the business should grow rapidly. I believe my experience and skills are a great fit for Pennpetro and I am excited to play a role in the future growth of the Company.”
Presently, Mr. Lenigas is Executive Chairman of Riversgold Ltd and Rincon Resources Ltd, both listed on the Australian Stock Exchange and an executive director of Odessa Minerals Ltd, also listed on the ASX. In the previous five years, Mr. Lenigas has been on the boards of the following publicly listed companies: Macarthur Minerals Ltd, Doriemus Plc, Elixxer Ltd, AfriAg Global Plc, Artemis Resources Ltd, Auroch Minerals Ltd, Southern Hemisphere Mining Ltd, Clancy Exploration Ltd, Hampton Bay Capital Inc, Future Farm Technologies, Generation Alpha Inc, and NQ Minerals Plc (in liquidation 2022), Anglo African Agriculture Plc.
About Pennpetro Energy
Pennpetro Energy is an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA. Its wholly owned subsidiary, Nobel Petroleum USA Inc. has a Participation, Development, and Option Agreement and Joint Operating Agreement with Texas-based Millennium PetroCapital Corporation over a 250,000-acre Area of Mutual Interest in Gonzales County, Texas, aimed at exploiting the prolific proven Austin Chalk oil and gas play.
For more information https://www.pennpetroenergy.co.uk/
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