Tower Resources PLC Directorate Change (6285A)
September 30 2015 - 2:03AM
UK Regulatory
TIDMTRP
RNS Number : 6285A
Tower Resources PLC
30 September 2015
Tower Resources plc
Appointment of Highly Experienced Technical Directors to the
Board
30 September 2015
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)),
the AIM-listed Africa-focussed oil and gas exploration company, is
pleased to announce the appointment to the Board of Dr Philip
Leighton Frank, who joins as Independent Non-Executive Director,
and of Nigel Alan Quinton as Exploration Director, with immediate
effect.
Dr Frank, 62, has over 30 years' wide ranging experience in the
oil & gas industry, having commenced his career with BP where
he reached the position of Assistant Chief Geologist, a
company-wide role. Philip subsequently held a series of senior
exploration and business development positions across a number of
successful E&P companies including Clyde Petroleum, Triton
Resources, Monument Oil & Gas and LASMO.
In 2003 Philip joined Emerald Energy, a FTSE-250 oil company, as
Exploration Manager and was instrumental in the success of its
Colombia and Syria exploration programmes, which resulted in
Emerald's acquisition by the Sinochem Group for GBP532 million in
2009.
Until March 2015, when he retired from full-time employment,
Philip was Exploration Director at Sterling Energy with
responsibility for all new venture and exploration activities in
Africa and Kurdistan. Most notably this included Sterling's entry
into Somaliland via a carried interest in the Odewayne block with
Genel Energy plc, the drilling of the Bamboo-1 exploration well on
the Ntem licence, offshore Cameroon, and the farm-out of the
Ambilobe block, Madagascar, in exchange for a carry through a 3D
seismic programme.
Philip has a BSc in Geology and a PhD from the University of
Liverpool and is a Fellow of the Geological Society.
He will serve as an Independent Non-ExecutiveDirector and will
be a member of the Audit, Remuneration and Nominations
Committees.
Nigel Quinton, is a geoscientist with over 30 years
international exploration experience. He has worked in various
senior roles in BP, Dragon Oil, and Hardy Oil & Gas. A
co-founder of Sterling Energy, he was Managing Director until its
listing on AIM in 2002, whereupon he became Operations and
Technical Director, building an extensive African portfolio. From
2005 he worked as an independent consultant to various oil
exploration companies, including serving as Senior Advisor to the
Hashoo Group.
Nigel has worked at Tower since late 2012, initially as a
consultant and then as Head of Exploration. He was instrumental in
the purchases of Wilton Petroleum, Rift Petroleum and the
development of the Group's exploration portfolio, has overseen the
drilling operations and most recently led in the evaluation and
negotiation of the entry into the Thali PSC, Cameroon.
Nigel, 54, holds a BA and MA in Geological Sciences from the
University of Cambridge and is a Fellow of the Geological Society.
He will be Exploration Director.
Jeremy Asher, Chairman, commented: "I am very pleased to welcome
Philip and Nigel to the Board. In the context of Tower's growing
portfolio, including the recent signing of the 100% Operated Thali
PSC in Cameroon, we will be glad to have additional technical
expertise available. I look forward to their strong contribution to
Tower's future success".
Contacts
Tower Resources
Jeremy Asher (Chairman)
Graeme Thomson (CEO)
Andrew Matharu (VP - Corporate Affairs)
+44 20 7253 6639
Peel Hunt LLP (Nominated Adviser and Joint Broker)
Richard Crichton/Ross Allister
+44 20 7418 8900
GMP Securities Europe LLP (Joint Broker)
Rob Collins/Emily Morris
+44 20 7647 2800
Vigo Communications
Chris McMahon/ Alex Aleksandrov
+44 20 7016 9572
Additional information in accordance with Schedule 2 of the AIM
Rules:
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:
Dr Philip Alan Leighton Frank:
Current directorships:
- PLF Consulting Ltd
- Force Sportsware Limited
Former directorships in the past 5 years:
- Sterling Energy plc
- Sterling Energy (UK) Limited
- Sterling Energy (International) Limited
- Sterling Energy Overseas Limited
- Sterling Energy Mauritania Limited
- Sterling Northwest Africa Holdings Limited
Nigel Alan Quinton:
Current directorships:
- QX Energy Limited
- Tower Resources Cameroon Limited
- Rift Petroleum (UK) Limited
- Tower Resources (Kenya) Limited
- Wilton Petroleum Limited
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This information is provided by RNS
The company news service from the London Stock Exchange
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