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Powder River Basin Player Panther Changes Name
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Panther Energy reports that it has changed its corporate name to Falcon Crest Energy following objection from another industry participant regarding the previously announced use of the name "Panther Energy."
Company Chief Executive Officer Patrick Johnson commented: "Rather than lose focus on our ambitions of growing a profitable E&P company, we have decided at this time not to engage in any dispute(s) and rebrand ourselves with a fresh name, Falcon Crest Energy."
This obstacle demonstrates the Company's ability to quickly react and maintain a strong dedication to its corporate objectives as it prepares to unveil several announcements in the near future.
Johnson added: "While we had obtained the name legally from state of Nevada and had FINRA approval we don't want to engage in legal issues at this time. We have several pending transactions under review that we expect to announce between now and the end of the next quarter -- we remain committed to those activities. We are thankful that in our early stages of building, our team and affiliates have the flexibility, as well as branding expertise to quickly change directions. The Panther Energy Inc. website will soon be taken down and prior e-mail addresses will be forwarded to our new Falcon Crest Energy email addresses."
A new ticker symbol that reinforces Falcon Crest Energy branding will be announced in due time.