Source - Alliance News

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Hires David Lenigas as a strategic consultant as it ‘begins a new phase of growth’. Lenigas is the executive chair of North America-focused oil and gas producer Pennpetro Energy PLC, and of British Virgin Islands-registered bitcoin miner Vinanz Ltd.

‘Red Rock Resources has a number of really top-shelf assets and I really do like the push that the board has initiated into reviewing opportunities in the oil and gas sector...I see the value of the assets in their portfolio as being worth considerably more that RRR is currently worth,’ Lenigas comments.

Chair Andrew Bell says: ‘[David’s] appointment is at the perfect time for us as we begin to structure a new and very exciting future for Red Rock. We now want to bring some of our key assets further along the production path and we need people of David’s experience and drive around us who understand what is needed and how to get us there.’

Current stock price: 0.075 pence, up 0.4%

12-month change: down 73%

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