Circle Oil PLC Appointment of Group Finance Director (5776B)
January 08 2015 - 2:00AM
UK Regulatory
TIDMCOP
RNS Number : 5776B
Circle Oil PLC
08 January 2015
8 January 2015
Circle Oil Plc
("Circle" or the "Company")
Directorate Change
Appointment of Susan Prior as Group Finance Director
Circle Oil Plc (AIM: COP), the Middle East and North Africa
focused oil and gas exploration, development and production
company, is pleased to announce the appointment of Susan Margaret
Prior, (44), as Group Executive Finance Director with effect from
12 January 2015.
Susan has over 20 years' experience across a number of sectors,
including eight years focusing on natural resources. Most recently,
since 2012, Susan was a Transaction Services Director at
PricewaterhouseCoopers LLP ("PwC") in their Oil and Gas Deals team.
Prior to this Susan spent 15 years at Ernst & Young LLP ("EY")
during which time she was a senior manager in EY's Perth and London
offices, and a Partner/Principal in New York.
Susan is an Associate of the Australian Institute of Chartered
Accountants, having qualified with Grant Thornton in 1994. Susan
holds a Bachelor of Commerce from the University of Western
Australia and a Graduate Diploma of Applied Finance and Investment
from the Australian Securities Institute, (now FINSIA).
Commenting on the appointment, Steve Jenkins, Chairman,
said:
"I am pleased to announce the appointment of Susan Prior to the
board of Circle Oil and delighted to welcome her as the new Group
Finance Director. Susan has a wealth of experience in global
corporate governance best practice and internal controls and will
significantly enhance the Group's finance function."
Save as set out below, there is no further information required
to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules:
Current Directorships: Directorships in past
5 years
----------------------- ----------------------
Avondale Consulting
Solutions Ltd
----------------------- ----------------------
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green, CEO
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Liberum Capital Limited (+44 20 3100 2222)
Clayton Bush
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Shabnam Bashir
Murray Consultants (+353 1 498 0320)
Joe Murray
Joe Heron
Notes to Editors
Circle Oil Plc (AIM: COP) is an international oil & gas
exploration, development and production Company holding a portfolio
of assets in Morocco, Tunisia, Oman, and Egypt with a combination
of low-risk, near-term production, and significant upside
exploration potential. The Company listed on AIM in October
2004.
Internationally, the Company has continued to expand its
portfolio over the past years and now has assets in the Rharb
Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the
Mahdia Permit offshore Tunisia, and the Zeit Bay area of Egypt.
Circle also has the largest licensed acreage of any company in
Oman. In addition to its prospective Block 52 offshore, Circle has
an ongoing exploration programme in Block 49 onshore.
Circle's strategy is to locate and secure additional licences in
prospective hydrocarbon provinces and, through targeted investment
programmes, monetise the value in those assets for the benefit of
shareholders. This could be achieved through farm-outs to selected
partners who would then invest in and continue the development of
the asset into production, or Circle may opt to use its own
expertise to appraise reserves and bring assets into production,
generating sustained cash flow for further investment.
Further information on Circle is available on its website at
www.circleoil.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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