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Oil & Gas

Pantheon Resources names new US-based CFO

Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced the appointment of Philip Patman as its new chief financial officer.

The appointment sees the CFO role relocated to Houston, with the move coming as the Alaska-focussed oil and gas junior advances it intended plan to add a listing of its shares in the US, subject to market conditions.

Patman’s predecessor Justin Hondris remains with the company. he will take up a new UK-based role.

"It is hard to overestimate the value of Justin's contribution to Pantheon's success - it is inconceivable that the merger with Great Bear could have occurred without his entrepreneurial approach to structuring that transaction and it is no understatement to say that this single most significant event in Pantheon's history is, in large part, a product of Justin's dedication and hard work,” Pantheon executive chair David Hobbs said in a statement.

“We are grateful to retain Justin's talents and will continue to benefit from the value that he brings in his new role.”

Pantheon also noted that it intended to appoint a new and additional independent non-executive director in the near future.

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