14 February 2024
Borders & Southern
Petroleum plc
("Borders
& Southern" or the "Company")
Management and Board
Changes
Borders & Southern Petroleum plc
(AIM: BOR), the London based independent oil and gas exploration
company with assets offshore the Falkland Islands, provides
notification of changes to the Board of Directors and management
team.
Howard Obee has informed the Board
that he intends to stand down as Chief Executive Officer. As one of
the co-founders, he has led the Company for nearly 20 years,
delivering exploration success, including the Company's Darwin gas
condensate discovery.
The Board is pleased to announce
that Harry Baker will assume the role of Chief Executive Officer
from 1 March 2024. Harry has nearly 24 years of capital markets
experience from previous roles with Auctus Advisors, GMP First
Energy, Mirabaud Securities and Canaccord Capital. Harry brings a
wealth of experience in the Natural Resources sector.
Howard has agreed to stay on until
29 February 2024 to support the transition to the new
leadership.
Harry Dobson, Non-Executive Chairman, said:
"I'd like to thank Howard for his
role in leading the Company since its inception and wish him all
the best in his future endeavours. The technical work undertaken by
Howard and his team in opening up a new basin is second to none,
and both I and the Board are grateful for all he has done to
progress the Darwin discovery to this point. I sincerely believe
that the South Falklands Basin will achieve recognition as a world
class hydrocarbon system and he can be proud of what he has
achieved in his time with the Company.
"I am delighted to welcome Harry
Baker to the Board and look forward to working with him in this
next phase of the Company's development."
AIM
Rules Disclosures
Mr Henry ("Harry") Charles Baker,
aged 48, currently holds or has held the following directorships
and partnerships in the last five years:
|
Current directorships / partnerships
|
Previous directorships / partnerships
|
|
Alana Capital Ltd
|
Auctus Advisors LLP
|
|
Baker Melling Ltd
|
|
Mr Baker holds no ordinary shares or
options in the Company.
Other than those as provided above,
no other disclosures in relation to Mr Baker are required under
Rule 17 and Schedule 2(g) of the AIM Rules for
Companies.
For further information, please
visit www.bordersandsouthern.com or
contact:
|
Borders & Southern Petroleum plc
Howard Obee, Chief
Executive
Tel: 020 7661 9348
|
|
|
|
SP
Angel Corporate Finance LLP (Nominated Advisor and
Broker)
Stuart Gledhill / Richard Hail /
Adam Cowl
Tel: 020 3470 0470
Tavistock (Financial PR)
Simon Hudson / Nick Elwes
Tel: 020 7920 3150
|
Notes to Editors:
Borders & Southern Petroleum plc
is an oil & gas exploration company listed on the London Stock
Exchange AIM (BOR). The Company operates and has a 100% interest in
three Production Licences in the South Falkland Basin covering an
area of nearly 10,000 square kilometres. The Company has acquired
2,517 square kilometres of 3D seismic and drilled two exploration
wells, making a significant gas condensate discovery with its first
well.
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