REG - Pennpetro Energy PLC - Appointment of Executive Director

Pennpetro EnergyAnnouncement

16/10/2025 07:00

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RNS Number : 5399D  Pennpetro Energy PLC  16 October 2025

16 October 2025

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Appointment of Executive Director

Pennpetro Energy plc, the company focused on developing strategic energy
projects, announces the appointment of Mavriky Kalugin as Executive Director
and Chief Operations Officer ("COO") to lead the technical and operational
aspects of the Company's activities effective immediately.

This follows the announcement on 25 September 2025, when the Company confirmed
its intention to appoint a third Executive Director (in addition to RMD
Group's right to appoint two Directors to the Pennpetro board.)

About Mavriky Kalugin

Mavriky Kalugin has over 28 years of experience in the oil and gas sector and
extensive global expertise in managing upstream and service companies,
greenfield and brownfield development, and production optimization. He
recently served as Executive Director and COO of Naftogaz Group in Ukraine.

Also working for Ukrnafta JSC as Deputy Chair of the executive board, and
Executive Vice President for production and refining (COO). Previously,
Mavriky Kalugin held senior positions for Petrofac, Cairn India, TNK-BP,
ConocoPhillips, and ARCO- Alaska. He has a BSc Chemical Engineering  degree
from University of Idaho and is a US citizen, from Alaska.

Investor webinar

Chairman Stephen Lunn, Chief Executive Robert Menzel and recently appointed
Chief Operations Officer, Mavriky Kalugin, will provide a live presentation
via the Investor Meet Company platform on 24 October 2025 at 15.00pm UK.

The presentation is open to all existing and prospective shareholders.
Questions can be submitted pre-event via the Investor Meet Company dashboard
up until 9:00 a.m. the day before the meeting or at any time during the live
presentation.

Investors can sign up to Investor Meet Company for free and add to meet
Pennpetro Energy via:

https://www.investormeetcompany.com/pennpetro-energy-plc/register-investor
(https://www.investormeetcompany.com/pennpetro-energy-plc/register-investor)

Investors who already follow Pennpetro Energy on the Investor Meet Company
platform will automatically be invited.

Stephen Lunn, Chairman of Pennpetro Energy plc said: "Appointing Mavriky to
our board brings exceptional familiarity and hands on experience with
Ukraine's oil and gas sector and the opportunities that this holds following
securing the Limnytskyi oil and gas exploration licence located in the
Carpathian basin in western Ukraine."

Mavriky Kalugin said of his appointment: "I am delighted to join Pennpetro at
this pivotal time following the announcement of the Ukrainian licence, a
market which I have significant experience in. More broadly I am excited to
bring my international experience to the business to progress future projects
to unlock shareholder value."

 

For further information, contact:

 Pennpetro Energy Plc                    c/o Camarco

 Stephen Lunn                            +44 (0) 20 3757 4980
 Capital Plus Partners Limited - Broker  +44 (0) 20 7432 0501

 Jon Critchley
 Camarco - Financial PR                  +44 (0) 20 3757 4980

 Andrew Turner | Owen Roberts            ppp@camarco.co.uk

 

 

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