Pantheon Resources PLC Appointment of Independent Non-Executive Director (5420R)
12 December 2016 - 6:00PM
UK Regulatory
TIDMPANR
RNS Number : 5420R
Pantheon Resources PLC
12 December 2016
12 December, 2016
Pantheon Resources plc
Appointment of Senior Independent Non-Executive Director
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas exploration company with a working interest
(of 50%-58%) in several conventional projects in Tyler and Polk
Counties, onshore East Texas, is pleased to announce the
appointment to the Board of Phillip Anthony Gobe as Senior
Independent Non-Executive Director with immediate effect.
Mr. Gobe, 64, is based in Texas, USA and has over 40 years'
experience in the oil and gas industry, onshore and offshore USA.
He is currently a Non-Executive Director of the S&P 500
company, Pioneer Natural Resources which is a Texas-based
independent exploration and production company focused on onshore,
unconventional, oil and gas resource and production growth in the
Permian basin and Eagle Ford shale. Mr. Gobe is also the Lead
Director and Chairman of the nomination and compensation committee
of Scientific Drilling International Inc, the fifth largest
provider of directional drilling and measurement equipment and
operational services, with 2015 annual revenues exceeding
US$360m.
Before joining Pioneer, Mr. Gobe was Chief Operating Officer and
President at Energy Partners, Ltd. where he was responsible for
exploration and production activities for the company, as well as
land and business development activities. He retired from his
full-time role at the company in 2007 and from the board in
2008.
Preceding this, Mr. Gobe served as COO of Nuevo Energy Company
until its acquisition at a significant premium by Plains
Exploration & Production Company in May 2004. Mr Gobe also
acted as senior VP of Production for Houston based Vastar Resources
Inc, an US$8.2 billion independent E&P company where he led and
managed an organization of 700 employees responsible for all
engineering and operational activities.
Mr Gobe spent the majority of his early career with Atlantic
Richfield Company (ARCO) in various roles and capacities in
drilling, operations, human resources, health and safety and senior
management. This included a role as operations manager of Prudhoe
Bay in Alaska, ARCO's largest and most valuable asset. Mr. Gobe
completed his undergraduate studies at the University of Texas and
earned an MBA at the University of Louisiana in Lafayette.
Mr. Gobe will be attending Pantheon's AGM at 10.00am on Friday
16 December, 2016 at the offices of FTI Consulting, 200 Aldersgate,
London, EC1A 4HD.
John Walmsley, Non-Executive Chairman, stated,
"I am delighted to announce Phillip's announcement to the board
of Pantheon at such an important time in the development of our
business. He brings a wealth of relevant US industry operational
experience, not only in terms of his accomplished technical and
drilling/engineering knowledge, but also in the key areas of
leadership, human resource and corporate governance. It is a
testament to the quality of Pantheon's assets that we were able to
attract an individual of this calibre, reputation and track record
to join us. As we look forward to planned first production in
spring 2017 and continuing our journey towards unlocking the value
across our significant acreage position, being able to draw on such
operational experience and expertise will be invaluable to us".
Commenting on his appointment, Mr Gobe said:
"It is clear to me that Pantheon has an exciting future ahead of
it and I am looking forward to helping the company move forward
into its new role as a production company. I have worked with Jay
Cheatham in the past and I have every confidence that he and his
team will make a big success of the next growth phase of the
business".
-Ends-
Current Directorships
-- Non-Executive Director, Pioneer Natural Resources
-- Non-Executive Director, Scientific International Drilling Inc.
Previous directorships in the last five years
-- Non-Executive Director, Pioneer Southwest Energy.
In relation to Phillip Gobe's appointment to the board, there is
no further information required to be disclosed pursuant to
paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Further information:
+44 20 7484
Pantheon Resources plc 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance
and Corporate Development
Stifel Nicolaus Europe Limited (Nominated +44 20 7710
Adviser and broker) 7600
Callum Stewart
Ashton Clanfield
Nicholas Rhodes
+44 20 3727
FTI Consulting 1000
Ed Westropp
Shannon Brushe
James Styles
For further information on Pantheon Resources plc, see the
website at: www.pantheonresources.com
The information contained within this RNS is considered to be
inside information prior to its release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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