Jupiter Energy Ltd Appointment of Director (3134I)
August 30 2016 - 1:01AM
UK Regulatory
TIDMJPRL
RNS Number : 3134I
Jupiter Energy Ltd
30 August 2016
30 August 2016
Jupiter Energy Limited ("Jupiter" or the "Company")
APPOINTMENT OF DIRECTOR
Jupiter Energy Limited (ASX: "JPR", AIM: "JPRL" and KASE:
"AU_JPRL") announces the appointment of Alexey Kruzhkov as a
Non-Executive Director of the Company. Alexey will be the appointed
Board representative of Waterford Finance and Investment Limited,
the Company's largest shareholder.
Alexey replaces Alastair Beardsall who retired on 31 May
2016.
Alexey will also join the boards of all Jupiter
subsidiaries.
Executive Chairman Geoff Gander said, "I am delighted to welcome
Alexey to the Board and look forward to working with him."
A short biography of Alexey and information required to be
disclosed pursuant to the AIM Rules for Companies is included at
the end of this announcement.
ENDS
Enquiries:
Jupiter Energy (+61 89 322 8222)
Geoff Gander (geoff@jupiterenergy.com)
finnCap Ltd (+44 (0)20 7220 0500)
Matt Goode/Emily Watts/Christopher Raggett (Corporate
Finance)
Simon Johnson (Corporate Broking)
About Alexey Kruzhkov:
Alexey holds an Engineering Degree and an MBA and has over 10
years' experience working in the investment industry, focusing
primarily on organisations involved in Oil & Gas, Mining and
Real Estate. He has served as a Director on the Boards of companies
listed in Canada and Norway. He is a member of the executive team
of Waterford Investment and Finance Limited. He holds British and
Russian citizenships.
The directorships/partnerships held by Mr Alexey Kruzhkov (also
known as Alexei Kroujkov), aged 49, are:
Current Directorships / Directorships and Partnerships
Partnerships: held in the previous
5 years:
Waterford Finance & Investment Soyuzneftegaz Limited
(UK) Ltd Oxoil Limited
Waterford Finance and Investment
UK Ltd
Nefto Invest Ltd
Start Capital Research Ltd
There is no further information to be disclosed under AIM Rule
17 and Schedule Two (g) (i)-(viii) of the AIM Rules for
Companies.
About the Company:
Jupiter Energy Limited is an oil exploration and production
company, quoted on the AIM, ASX and KASE markets. The Company is
focused on developing its onshore assets in western Kazakhstan. In
2008 the Company acquired 100 per cent of the Block 31 permit,
located in the oil-rich Mangistau Basin, close to the port city of
Aktau.
Jupiter has a proven in-country management team, led by an
experienced, international Board, together possessing the skills,
knowledge, network and attention to detail needed to operate
successfully in Kazakhstan. The forward plan will see Jupiter
develop a group production facility on Block 31 to process, store
and export oil. This topside infrastructure is a key element in
moving to long-term production and the achievement of self-funding
for further development of Block 31.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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