Lunn has indicated his intention to step down as chairman25 Sep 2025 18:26
Just to appease the naysayers and stop this going into liquidation.
“As an informal 'condition' of the CLN from RMD Group, to Pennpetro, whilst I had intended to step down from the Board of the Company and not seek re-election as Chairman, or otherwise, at the AGM, RMD Group are keen to see me remain as the individual with whom they are comfortable dealing with on the current board of Pennpetro.
If shareholders are adamant that I should not continue, in line with the rhetoric that RMD have monitored on the 'message boards' then it is my belief that they will understand that I likely will not wish to remain”.