RNS Number : 6749U
Dragon Oil PLC
16 May 2008
FOR IMMEDIATE RELEASE
16th May 2008
Dragon Oil plc
("Dragon Oil" or the "Company")
Resignation of Director
Dragon Oil, an international oil and gas exploration and production company, today
announces that Mr. Jeremy J. Key, a Non-Executive
Director of Dragon Oil, has notified the Company that he will not be standing for re-election
at the Company's upcoming Annual General
Meeting and will resign as a director with effect from 21 May 2008. Mr. Key has served as a
non-executive director of the Company for over 9
years and has decided to leave at this time to focus on his other business interests.
The Board of Dragon Oil would like to take this opportunity to record its gratitude to Mr.Key for his work and dedication to the
Company and to wish him well for the future.
Hussain M. Sultan, Executive Chairman, commented:
"Jeremy has been involved with Dragon Oil since ENOC acquired its interest in the Company
in 1999 and his contribution to developing the
Company since that time has been significant. I would like to thank Jeremy for his valuable
input to Dragon Oil over the years and to wish
him all the very best in the future.*
Background Note
Dragon Oil Plc is an innovative international oil and gas development and production
company, quoted on the London and Irish Stock
exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract
Area, in the eastern section of the Caspian Sea,
offshore Turkmenistan and recently acquired interests in Blocks 35, 49 and R2 (10%) in the
Republic of Yemen.
Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100%
interest in and is the operator of the
Production Sharing Agreement for the Cheleken Contract Area in the Caspian Sea, offshore
Turkmenistan. Operational focus is on the
re-development of two oil producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).
www.dragonoil.com
For further information please contact:
Media enquiries
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
George Cazenove
Investor and Analyst enquiries
Dragon Oil Plc (+971 4 305 3600)
Leanne Denman, Investor Relations Officer
This information is provided by RNS
The company news service from the London Stock Exchange
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