PROVIDENCE RES. Appointment Of Chief Executive Officer
January 09 2020 - 1:00AM
UK Regulatory
TIDMPVR
This announcement contains inside information within the meaning of the
EU Market Abuse Regulation 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in the
public domain.
Providence Resources P.l.c.
Appointment of Chief Executive Officer
Dublin and London -- January 9, 2020 - Providence Resources P.l.c.
("Providence" or the "Company"), the Irish based energy company, today
announces that Alan Linn has been appointed Chief Executive Officer of
the Company with immediate effect. He also joins the board as an
executive director.
Alan has over 35 years of international oil and gas industry experience
with a successful track record of operating and developing businesses in
diverse and often challenging environments. He has over ten years
leadership experience as an executive director working with listed oil
and gas companies, and a proven ability to devise and implement
strategic change within established businesses. Having established his
career originally in the UK, he subsequently worked internationally with
Lasmo, Cairn Energy, Tullow Oil, ROC Oil, and with Afren PLC as part of
a restructuring process. He joins Providence from Third Energy Onshore
where he was Chief Executive Officer. Alan is a Chemical Engineer and
lives in Ireland.
Pat Plunkett, Chairman of Providence, commented:
"I am pleased that Alan has agreed to join Providence at this time of
significant opportunity within the Company. He has the ideal mix of
operational and strategic experience for the position, and will bring
valuable insights to the board as we rebuild the business after the
challenging past year. Alan recognizes the considerable potential of the
Company's assets, in particular Barryroe, and I am sure he will enhance
our options in taking this exciting project to the next stage. I look
forward to working with him in the coming years"
Alan Linn, CEO of Providence, commented
"I am delighted to be joining Providence and look forward to working
with the team. The opportunity to lead the commercialisation of an oil
and gas field with the potential of Barryroe is very compelling. I look
forward to working with the board to bring new investment into the
project to ensure value creation at the earliest opportunity"
Disclosures required pursuant to Schedule 2, paragraph (g) of the AIM
Rules for Companies and Schedule 2, paragraph (g) of the Euronext Growth
Rules
Mr Alan Scott Linn aged 62, holds or has held the following
directorships and/or partnerships in the previous five years:
Current Directorships Past Directorships
UK Onshore Oil & Gas DNO North Sea (ROGB) Limited
ROC Oil (Malaysia) Pty Limited* ROC Oil (Europe) Limited
Afren PLC Afren Energy International PLC
Afren International Limited
Afren Finance PLC
Afren Assets Limited
ROC Oil (GB Holdings) Limited
Croft Exploration Limited
ROC Oil (Malaysia) Pty Limited**
Anzon Energy Pty Limited
ROC Oil (Finance) Pty Limited
ROC Oil (GB) Limited
ROC Oil (Ventures) Pty Limited
ROC Oil (VIC) Pty Limited
ROC Oil Australia Holdings Pty Ltd
ROC Oil Company Pty Limited
ROC Oil Chinguetti) B.V.
ROC Oil International Holdings Pty Ltd
Triangle Energy (Operations) Pty Ltd
ROC Oil (Tasman) Pty Limited
ROC Oil (Exploration No. 1) Pty Limited
ROC Oil (Chinguetti) B.V.
BC Petroleum Sdn Bhd
ROC Oil (Sarawak) Sdn Bhd
ROC Oil Malaysia (Holdings) Sdn Bhd
ROC Oil (Falklands) Limited
ROC Oil (North Sea) Limited
Third Energy Onshore Limited
Third Energy Trading Limited
Third Energy UK Gas Limited
ROC Oil (China) Company
ROC Oil (Bohai) Company
* Malaysian company
** Australian company
Mr. Linn was previously a director of Afren PLC, a company formerly
listed on the London Stock Exchange. Afren PLC was placed in
administration at the time Mr. Linn was a director of the company.
Save for the above, there is no further information required to be
disclosed under paragraph (g) of Schedule Two of the AIM Rules for
Companies or paragraph (g) of Schedule Two of the Euronext Growth Rules,
with respect to the appointment of Alan Linn.
ENQUIRIES
---------------------------
Providence Resources P.l.c. Tel: +353 1 219 4074
Pat Plunkett
Cenkos Securities plc Tel: +44 131 220 9771
Neil McDonald/Derrick Lee
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
Mirabaud Securities Limited Tel: + 44 20 3167 7221
Peter Krens
MEDIA ENQUIRIES
---------------------------
Murray Consultants Tel: +353 1 498 0300
Pauline McAlester
ABOUT PROVIDENCE RESOURCES PLC
Providence Resources is an Irish based Energy Company with a portfolio
of appraisal and exploration assets located offshore Ireland.
Providence's shares are quoted on the AIM in London and the Euronext
Growth Market in Dublin. Further information on Providence can be found
on www.providenceresources.com
FORWARD-LOOKING STATEMENTS
This announcement contains certain forward-looking statements. Actual
results may differ materially from those projected or implied in such
forward-looking statements. Such forward-looking information involves
risks and uncertainties that could significantly affect expected
results. No representation is made that any of those statements or
forecasts will come to pass or that any forecast results will be
achieved. You are cautioned not to place any reliance on such statements
or forecasts. Those forward-looking and other statements speak only as
at the date of this announcement. Providence Resources Plc undertakes no
obligation to update any forward-looking statements.
(END) Dow Jones Newswires
January 09, 2020 02:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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