Spinnaker Opportunities PLC Appointment of Retained Advisor (9443B)
January 16 2018 - 1:00AM
UK Regulatory
TIDMSOP
RNS Number : 9443B
Spinnaker Opportunities PLC
16 January 2018
16 January 2018
Spinnaker Opportunities Plc
("Spinnaker" or "the Company")
Appointment of Retained Advisor
Spinnaker Opportunities Plc (LON: SOP), the standard listed cash
shell established to make a material acquisition in the energy or
industrial sectors, is pleased to announce that John Ashbridge has
been appointed as a Retained Advisor to the Company.
John Ashbridge is currently the Founder and Managing Director of
Monthoux Energy Sàrl, a Swiss private firm that specialises in
providing services to the international oil and gas industry. Mr
Ashbridge started his career in the seismic industry before moving
on to BP Exploration plc, Occidental Petroleum Corp, Elf Enterprise
plc and Lundin Petroleum AB. During the span of his career, as a
practising geoscientist, Mr Ashbridge has established himself as a
proven oil finder having been instrumental in discovering new
reserves in the North Sea, Iraq and Kenya. He has also been a
company director and executive officer of a number of private and
public companies including Granite Rock Ltd, ShaMaran Petroleum
Corp (CVE: SNM) and Caribbean Americas Energy Ltd.
Mr Ashbridge has an MSc in Petroleum Geology (University of
Aberdeen), a BSc (Hons) in Geophysics (University of Liverpool) and
has been a member of the European Association of Geoscientists and
Engineers since 1986, serving as an EAGE Distinguished Lecturer
from 2000 to 2001.
Mike Doherty has stepped down from his role as a Retained
Advisor, due to other commitments however still remains as a
significant shareholder of the Company and will continue to provide
his consultancy services as he is able.
The role of the Retained Adviser is to advise the Board on a
discretionary, part-time consultancy basis as the Board assesses
potential Acquisitions. In common with the Directors, Retained
Advisers will not receive any fees for their ordinary duties prior
to the completion of an Acquisition transaction.
Spinnaker Chairman, Andy Morrison, commented:
"It is with great pleasure that we welcome John Ashbridge to
Spinnaker as a Retained Advisor to the Company. John's vast
knowledge of the international oil and gas industry and M&A
experience greatly adds to Spinnaker's ability to identify and
analyse near term potential targets as we continue look to deliver
our strategy.
"We would also like to take this opportunity to thank Mike for
his considerable contribution to the Company since its listing last
year, and look forward to continuing to work with him as a
significant shareholder of Spinnaker".
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Enquiries
Spinnaker Opportunities Tel: +44 (0)7980 878
Andy Morrison, Chairman 561
Website: http://www.spinnakeropportunities.uk/
SP Angel (Financial Adviser Tel: +44 (0)20 3470
and Joint Broker) 0470
Lindsay Mair
Caroline Rowe
SI Capital (Joint Broker) Tel: +44 (0)1483 413
Tel: +44 (0)1483 500
Nick Emerson Tel: +44 (0)20 7138
Blytheweigh (Financial 3204
PR)
Nick Elwes
Simon Woods
PROFILE
Mr John Ashbridge
John Ashbridge has over 20 years of oil and gas experience
having worked as a qualified petroleum geoscientist at BP
Exploration plc, Occidental Petroleum Corp, Elf Enterprise plc and
Lundin Petroleum, and as a company director and executive officer
at Granite Rock Ltd, ShaMaran Petroleum Corp (CVE: SNM) and
Caribbean Americas Energy Ltd. Mr Ashbridge is currently the
founder and Managing Director of Monthoux Energy Sàrl providing
advisory, acquisition and divestment services to the oil and gas
industry. Monthoux Energy has been a principal in creating upstream
producing, development and exploration companies in the Kurdistan
Region of Iraq, Myanmar and the Greater Caribbean.
Mr Ashbridge has an MSc in Petroleum Geology (University of
Aberdeen), a BSc (Hons) in Geophysics (University of Liverpool) and
has been a member of the European Association of Geoscientists and
Engineers since 1986, serving as an EAGE Distinguished Lecturer
from 2000 to 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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