Hurricane Energy PLC Directorate Change & Appointment of CEO Designate (7640W)
August 21 2020 - 2:00AM
UK Regulatory
TIDMHUR
RNS Number : 7640W
Hurricane Energy PLC
21 August 2020
21 August 2020
Hurricane Energy plc
("Hurricane" or the "Company")
Directorate Change & Appointment of CEO Designate
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, announces the appointment of Mr Antony Maris as an
executive director of the Company and Chief Executive Officer
("CEO") designate.
Mr Maris brings 35 years of wide-ranging oil and gas sector
technical and business leadership experience to Hurricane. Most
recently, he spent 15 years with Pharos Energy plc (previously SOCO
International plc) where he was Chief Operating Officer from 2012
to early 2020. In this role, he was responsible for the development
and operation of several oilfields, in joint venture with local and
other parties, including fractured basement reservoirs offshore
Vietnam and onshore Yemen. Pharos Energy's Vietnam assets, which
delivered 60,000 bopd gross peak volumes, contributed significantly
to Vietnam's overall hydrocarbon output. He was awarded the
Friendship Order Medal by the Vietnam Government for his
significant contribution to exploration and production
activities.
Previously, Mr Maris worked in a variety of engineering,
commercial and management roles with Consort Resources Limited,
LASMO plc, Monument Oil and Gas plc, and Phillips Petroleum . He
holds a B.Sc. in Petroleum Engineering and an MBA.
Mr Maris will work alongside the Interim CEO, Beverley Smith,
for a transition period and will assume the role of CEO following
the publication of the Company's interim 2020 financial results,
which are scheduled for release on 11 September 2020, at which time
Ms Smith will return to a non-executive role.
Steven McTiernan, Chairman of Hurricane, commented:
"I am very pleased to report that Antony Maris has agreed to
assume the Chief Executive role at Hurricane. His leadership record
with entrepreneurial oil and gas companies, and importantly his
technical experience and knowledge of the behaviour of fractured
basement reservoirs, makes him the ideal candidate to lead
Hurricane.
The short transition period with Beverley Smith will allow their
combined contribution to the ongoing technical review. I would also
like to take this opportunity to express my gratitude to Beverley
for ably stewarding the Company during the leadership transition.
"
These changes to the Board have taken place with immediate
effect. Information relating to AIM Schedule 2(g) Disclosures on Mr
Maris are included at the end of this announcement.
-ends -
Contacts:
Hurricane Energy plc
Beverley Smith, Interim Chief Executive Officer +44 (0)1483 862
Philip Corbett, Head of Investor Relations 820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Ashton Clanfield +44 (0)20 7710 7600
Morgan Stanley & Co. International plc
Joint Corporate Broker
Andrew Foster / Tom Perry / Alex Smart +44 (0)20 7425 8000
Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com +44 (0)20 7390 0230
About Hurricane
Hurricane was established to discover, appraise and develop
hydrocarbon resources associated with naturally fractured basement
reservoirs. The Company's acreage is concentrated on the Rona
Ridge, in the West of Shetland region of the UK Continental
Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first
producing basement field. Hurricane is pursuing a phased
development of Lancaster, starting with an Early Production System
consisting of two wells tied-back to the Aoka Mizu FPSO.
Hydrocarbons were introduced to the FPSO system on 11 May 2019 and
the first oil milestone was achieved on 4 June 2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln
and Warwick assets, committing to a phased work programme targeting
sanction of an initial stage of full field development.
Glossary
FPSO Floating production storage and offloading
vessel
AIM Schedule 2(g) Disclosures
Antony Wayne Maris, age 59, held the following directorships
and/or officerships in the past five years:
-- SOCO Vietnam Limited
-- SOCO Exploration (Vietnam) Limited
-- Pharos El Fayum
-- OPECO Vietnam Limited
-- Circle Oil plc - Non-Executive Director
There are no further disclosures required to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
Inside Information
This announcement contains inside information as stipulated
under the market abuse regulation (EU no. 596/2014). Upon the
publication of this announcement via regulatory information service
this inside information is now considered to be in the public
domain.
This information is provided by RNS, the news service of the
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END
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