President Energy PLC Director Appointments (6220H)
March 14 2018 - 2:02AM
UK Regulatory
TIDMPPC
RNS Number : 6220H
President Energy PLC
14 March 2018
14 March 2018
PRESIDENT ENERGY PLC
("President", "the Company" or "President Energy")
DIRECTOR APPOINTMENTS
President Energy (AIM: PPC), the upstream oil and gas company
with a diverse portfolio of production and exploration assets
focused primarily in Argentina, is pleased to announce the
following appointments to its Board of Directors.
Rob Shepherd, formerly non-executive director, has been
appointed Group Financial Director, an important executive role as
the Company continues its rapid growth. Amongst other previous
roles, Rob was finance director of Dominion Petroleum Limited as
well as a non-executive of Imperial Energy PLC, before which he was
an oil and gas banker with ABN Amro for almost ten years.
Alexander Charles Moody-Stuart joins the President Board as an
independent non-executive director. Alex recently left Schlumberger
after 29 years. A graduate of Imperial College, London, Alex
started at Schlumberger as a field engineer spending subsequent
years in senior managerial roles in South America and latterly as
VP Business Development and New Ventures managing Business
Development for Production Management worldwide.
Peter Levine, Chairman and CEO, commented
"I am pleased that Rob has agreed to step-up to an executive
role on the Board where he will make a necessary and more active
contribution to ensuring we deliver on our future plans.
I am highly delighted that Alex has agreed to join the Board. He
brings with him independence, objectivity, a wealth of knowledge
and experience and a great reputation in our industry and will be
an asset for President Energy and its shareholders."
Contact:
President Energy PLC
Peter Levine, Chairman, Chief
Executive +44 (0) 207 016 7950
finnCap (Nominated Advisor
& Joint Broker)
Christopher Raggett, Scott
Mathieson, Andrew Burdis +44 (0) 207 220 0573
BMO Capital Markets (Joint
Broker)
Jeremy Low, Neil Haycock, +44 (0) 207 236
Tom Rider 1010
Camarco Financial PR
Billy Clegg, Owen Roberts,
Mercedes Valenzuela-Goldman +44 (0) 203 757 4980
AIM Rules for Companies Schedule 2(g) information:
Alexander Charles Moody-Stuart aged 51 holds or has held the
following directorships over the last five years preceding his
appointment to the Board of President Energy PLC:
Current Directorships Directorships held in
last 5 years
-------------------------- --------------------------
Little BlackBrook Limited Kamana Services (Ecuador)
(England)
-------------------------- --------------------------
Consorcio Shushufindi
(Ecuador)
-------------------------- --------------------------
Alexander Charles Moody-Smith holds no shares in President
Energy plc.
Notes to Editors
President Energy is an oil and gas company listed on the AIM
market of the London Stock Exchange (PPC.L) primarily focused in
Argentina, with a diverse portfolio of operated onshore producing
and exploration assets. The Company currently has independently
assessed 1P reserves in excess of 15 MMboe and 2P reserves of more
than 27 MMboe.
The Company has operated interests in the Puesto Flores and
Estancia Vieja Concession, Rio Negro Province, in the Neuquén Basin
of Argentina and in the Puesto Guardian Concession, in the Noroeste
Basin in NW Argentina. The Company is focused on growing production
in the near term in Argentina. Alongside this, President Energy has
cash generative production assets in Louisiana, USA and further
significant exploration and development opportunities through its
acreage in Paraguay and Argentina.
President Energy's third largest shareholder is the IFC, part of
the World Bank Group and is actively pursuing value accretive
acquisitions of high quality production and development assets in
Argentina capable of delivering positive cash flows and shareholder
returns. With a strong institutional base of support and an
in-country management team, President Energy gives UK investors
rare access to the Argentinian growth story combined with world
class standards of corporate governance, environmental and social
responsibility.
This announcement contains inside information for the purposes
of article 7 of Regulation 596/2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
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