Teton Energy Corp. CFO resigns
Shares of Teton Energy Corp. (Amex: TEC) are rising today after the developer and producer of natural gas and oil reported that its Chief Financial Officer and Executive Vice President, Bill I. Pennington, resigned for personal reasons.
Teton said Mr. Pennington will actively work with the firm during the recruiting process. The firm said it has retained Preng and Associates, a Houston based executive placement firm, to conduct the search for a new CFO.
According to Teton, Mr. Pennington will join Teton’s board as an outside Director on September 14.
Shares of Teton gained $0.26, or 5.49%, to $5.00 in mid-morning trading Friday.
