Circle Oil PLC Appointment of Non-Executive Directors (4701B)
January 07 2015 - 2:00AM
UK Regulatory
TIDMCOP
RNS Number : 4701B
Circle Oil PLC
07 January 2015
7 January 2015
Circle Oil Plc
("Circle" or the "Company")
Directorate Change
Appointment of Non-Executive Directors
The Board of Circle Oil plc is pleased to announce the
appointments of Antony Maris and David MacFarlane as Non-Executive
Directors of the Company.
Antony Wayne Maris (53) is currently Chief Operating Officer of
SOCO International plc, a FTSE 250 E&P company with assets in
Vietnam, the Republic of Congo (Brazzaville), the Democratic
Republic of Congo and Angola. Antony is responsible for the
management and supervision of all of SOCO's operations globally.
Hehas been with SOCO since 2004 and has been responsible for the
appraisal and development of the company's Cuu Long Basin assets,
the CNV and TGT Fields.
Prior to SOCO, Antony was Operations and Technical Director for
Consort Resources, Head of Commercial, Europe and North Africa for
LASMO plc and held various roles with Monument Oil & Gas.
Antony began his career as a Petroleum Engineer with Phillips
Petroleum and holds a BSc in Petroleum Engineering and a MBA.
David Archibald MacFarlane (57) brings over 30 years of
financial management and directorship experience from the oil and
gas industry. David has held a number of senior financial roles
within the industry since originally qualifying as a chartered
accountant in 1981. He was Finance Director of FTSE 250 Dana
Petroleum plc, where from 2002 onwards, he oversaw a tenfold growth
in market capitalisation to a value close to GBP1.6 billion at the
point of takeover by Korean National Oil Company in 2010. David was
also a Non-Executive Director of Kentz Corporation Limited, a
company acquired by SNC-Lavalin Group Inc. for GBP1.16 billion in
August 2014.
David's previous roles include that of Finance Manager of
Europe, North Africa and Asia for the production business unit of
Amerada Hess, and Commercial and Financial Director for JP Kenny
Engineering, a subsidiary of John Wood Group plc, where he worked
on both the acquisition and integration of the business. David is
also a Non-Executive Director of AIM-listed Trinity Exploration and
Production.
Steve Jenkins, Chairman, said,
"I am delighted that both Antony and David have joined Circle,
they bring a wealth of operational and management experience gained
within the oil & gas industry and will further strengthen our
Board. I look forward to their valuable input as we continue to
develop the Company."
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 for Messrs Maris and MacFarlane;
David MacFarlane
Current Directorships Directorships in past 5 years
--------------------------------- ------------------------------------
Energy Assets plc Kentz Corporation Ltd
--------------------------------- ------------------------------------
Trinity Exploration & Production Nio Petroleum Limited
plc
--------------------------------- ------------------------------------
Atlantic Petroleum P/F Dana Petroleum plc
--------------------------------- ------------------------------------
Dana Petroleum (E&P) Limited
--------------------------------- ------------------------------------
Dana Petroleum (International
Holdings) Limited
--------------------------------- ------------------------------------
Dana Petroleum Limited
--------------------------------- ------------------------------------
Dana Petroleum (Cyprus) Limited
--------------------------------- ------------------------------------
Dana Petroleum (BVUK) Limited
--------------------------------- ------------------------------------
Closed Joint Stock Company YoganOil
--------------------------------- ------------------------------------
Open Joint Stock Company Yogan-neft
--------------------------------- ------------------------------------
Dana Petroleum (North Sea) Limited
--------------------------------- ------------------------------------
Dana Petroleum (Jersey) Limited
--------------------------------- ------------------------------------
Dana Petroleum (Russia) Limited
--------------------------------- ------------------------------------
Dana Petroleum (Ghana) Limited
--------------------------------- ------------------------------------
Dana Petroleum (Algeria) Limited
--------------------------------- ------------------------------------
Dana Petroleum Norway AS
--------------------------------- ------------------------------------
Dana Petroleum North Zeit Bay,
Ltd.
--------------------------------- ------------------------------------
Dana Petroleum East Zeit, Ltd.
--------------------------------- ------------------------------------
Dana Petroleum Ras Abu Darag,
Ltd.
--------------------------------- ------------------------------------
Dana Petroleum WAG, Ltd.
--------------------------------- ------------------------------------
Dana Petroleum East Beni Suef,
Ltd.
--------------------------------- ------------------------------------
Dana Petroleum Qarun, Ltd.
--------------------------------- ------------------------------------
Dana Petroleum South October,
Ltd.
--------------------------------- ------------------------------------
Dana Petroleum North Qarun, Ltd.
--------------------------------- ------------------------------------
Bow Valley Energy, Ltd.
--------------------------------- ------------------------------------
Bow Valley Iran Ltd.
--------------------------------- ------------------------------------
Bow Valley International (Jersey)
Ltd.
--------------------------------- ------------------------------------
Croft Offshore Oil Limited
--------------------------------- ------------------------------------
Croft Oil & Gas Plc
--------------------------------- ------------------------------------
Croft (UK) Limited
--------------------------------- ------------------------------------
Croft Exploration Limited
--------------------------------- ------------------------------------
Dana Petroleum (Holdings) B.V.
--------------------------------- ------------------------------------
Dana Petroleum Manzala B.V.
--------------------------------- ------------------------------------
Dana Petroleum Netherlands B.V.
--------------------------------- ------------------------------------
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Steve Jenkins, Chairman
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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