Attis Oil and Gas Ltd Board Changes and Change of Name (7432B)
June 11 2019 - 1:01AM
UK Regulatory
TIDMAOGL
RNS Number : 7432B
Attis Oil and Gas Ltd
11 June 2019
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 /
Sector: Oil and Gas
11 June 2019
Mayan Energy Ltd ('Mayan' or 'the Company')
Board Changes & Name Change
Mayan Energy Ltd (London AIM: MYN), the AIM-traded oil and gas
company, is pleased to announce the appointment of two new
directors to the Board of the Company and its change of name to
Attis Oil and Gas Ltd, both with immediate effect.
Further to the announcement dated 30 April 2019, the Company is
pleased to announce the appointment of Thomas ("Thom") Board as
Chief Operating Officer and Executive Director and Russell Lamming
as a Non-Executive
Director. Mr JD McGraw, a Non-Executive Director, resigns from the board effective immediately.
Mr Thom Board is currently Managing Director of Attis Oil &
Gas Inc. ("Attis"), recently acquired by the Company (please see
announcement dated 30 April 2019) and has extensive experience in
the oil service's industry. Starting his career in the North Sea
subsea construction sector, he is an experienced director having
held senior executive roles in junior and mid-tier public and
private oil & gas companies. Thom was a founder and CEO of
NamQuest Oil & Gas plc prior to its admission to AIM in May
2008 as Chariot Oil & Gas Limited. Mr Board is a member of the
Society of Petroleum Engineers who is a suitably qualified person
with over 24 years' experience operating and developing oil and gas
assets. It is expected Mr Board will act as a Qualified Person for
AIM purposes going forward.
Mr Russell Lamming (B.Sc Hons, B.Com) is a proven executive with
capital markets and executive expertise. A qualified geologist,
Russell has a broad range of experience including a previous
directorship with a South African mining consultancy, a precious
metals analyst for a leading international broker and was the CEO
at AIM-traded Chromex Mining Plc and Goldplat Plc. He has strong
relationships in London and internationally and has raised
considerable funds for resource companies over the years. He is
currently CEO of AIM-traded Keras Resources PLC. Thom and Russell
are joining the Board as representatives of the Attis shareholders,
as detailed in the acquisition agreement between Mayan and
Attis.
In addition to the above executive and board changes, Mr Paolo
Amoruso is moving from his current position of Non-Executive
Chairman to become Executive Chairman and General Counsel. Mr
Amoruso is a qualified lawyer with a background in the upstream US
oil and gas sector. As notified in the announcement of Mr Amoruso's
appointment as the Company's Chairman, at the time, Paolo was a
Partner at McGowen & Fowler PLLC ("M&F), a US legal firm
providing legal services to the Company. Whilst M&F have
continued to provide legal services to the Company, given the level
of legal advice the Company requires in managing its existing
operations and looking at new opportunities, it has now agreed that
it would be beneficial to receive the same high quality legal
counsel and commercial advice in house thereby resulting in cost
saving and efficiency enhancements, as the management team looks to
progress the business. Paolo will, at the same time, continue to
the lead the Board in setting and implementing the Company's
strategy.
Name Change
The Company is also pleased to announce that the change of name
to Attis Oil & Gas Ltd will become effective on the AIM Market
today, with shares traded under the ticker AOGL and a new ISIN as
follows VGG0620A1003.
A new corporate website is available to view here:
www.attisog.com.
Charlie Wood, CEO of Mayan Energy, said, "Today's name and board
changes formally complete the acquisition of Attis and the
re-alignment of Mayan. The remainder of 2019 will be used to
integrate our operations and begin to leverage the advantages
provided to the Company through the acquisition of Attis in order
to drive sustained production growth and enhance our portfolio
further. We are excited by the journey ahead and the strong
management platform we now have to build out a material oil and gas
business."
Regulatory Disclosures
Further information on Mr Board as required to be disclosed in
accordance with Schedule 2 (g) of the AIM Rules for Companies:
Thomas Vyvyan Board, aged 48, is or has been a director of the
following companies or partnerships in the past five years
Current Directorships /partnerships Past directorships /partnerships
Attis Oil & Gas Limited Paladin Oil & Gas Holdings Limited
-----------------------------------
Attis Oil & Gas Inc. Weyland Energy Limited
-----------------------------------
Attis Operating Inc African Trading Oil Ltd
-----------------------------------
Attis Operating I Inc. Centrale Oil & Gas Limited
-----------------------------------
Vyvyan Limited (see Part C)
-----------------------------------
Inasafeplace Limited (see Part
C)
-----------------------------------
Mr Board holds 95,135,443 ordinary shares (via Jam & Sons
Ltd ) in the capital of the Company, equating to approximately 2.5%
of the Company's issued share capital.
Further information on Mr Lamming as required to be disclosed in
accordance with Schedule 2 (g) of the AIM Rules for Companies:
Russell John Lamming, aged 50, is or has been a director of the
following companies or partnerships in the past five years:
Current Directorships /partnerships Past directorships /partnerships
Weyland Oil & Gas Inc Paladin Oil & Gas Holdings Limited
-----------------------------------
Keras Resources PLC Weyland Energy Limited
-----------------------------------
Keras West Africa Limited Elemental Platinum Limited
-----------------------------------
Parallel Resources Ltd Rainbow Rare Earths Ltd
-----------------------------------
Southern Iron Ltd Chrome Connections Ltd
-----------------------------------
Box Hill Operating Inc. Attis Oil & Gas Limited
-----------------------------------
Paladin Fort Worth Inc Consolidated Chromefields Ltd
-----------------------------------
Paladin Panhandle Inc
-----------------------------------
Mr Lamming holds 202,113,667 ordinary shares in the capital of
the Company, equating to approximately 5.35% of the Company's
issued share capital.
**ENDS**
For further information visit www.attisog.com or contact the
following:
Charlie Wood Attis Oil & Gas Ltd +44 20 7236 1177
Roland Cornish Beaumont Cornish Ltd +44 20 7628 3396
---------------------------- -----------------
James Biddle Beaumont Cornish Ltd +44 20 7628 3396
---------------------------- -----------------
Frank Buhagiar St Brides Partners Limited +44 20 7236 1177
---------------------------- -----------------
Gaby Jenner St Brides Partners Limited +44 20 7236 1177
---------------------------- -----------------
Colin Rowbury Novum Securities Limited +44 20 7399 9400
---------------------------- -----------------
About Us
Attis Oil & Gas Ltd is an AIM-traded (London Stock Exchange)
North American-based energy company. It is actively pursuing a
primary recovery oil strategy focused on re-stimulating wells
within mature producing basins with immediate cash flow from
projects that are shallow, low risk with low levels of capex and
infrastructure already in place. Attis is also seeking to develop
new drill opportunities within both existing & new acreage.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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