APPOINTMENT OF NEW COMPANY SECRETARY - SOPHIE RAVEN
Wildhorse Energy Ltd ('WHE' or 'the Company'), the AIM and ASX listed company focussed on developing underground coal gasification ('UCG') and uranium projects in Central Europe, is pleased to announce the appointment of Ms Sophie Raven to the role of Company Secretary effective on 9 August 2011, replacing Mr. Brett Mitchell in this role. Ms. Raven has practised corporate and commercial law in Western Australia and overseas for 20 years both at law firms and as an in-house legal counsel, and currently acts as a Non-Executive Director of various investment funds and is Company Secretary to a number of companies including Transerv Energy Ltd.
Mr. Mitchell will remain on the Board as an Executive Director of the Company.
The WHE business model is focussed upon applying UCG technology to convert coal into syngas and then selling the syngas to power stations as a gas feedstock. The development and expansion of the UCG portfolio is underpinned by a potentially world class uranium project which the Company is advancing with its Hungarian uranium development partners Mecsek-Öko and Mecsekérc, with the support of the Hungarian Government.
The Company's business strategy is to become a major supplier of gas feedstock to power stations in Central Europe. WHE's project development strategy is based primarily upon acquiring strategic UCG sites in key locations in Central Europe where gas markets are dominated by Russian gas imports, energy security is a major factor for governments and large scale industrial consumers of gas and gas prices are correspondingly high. The expansion is underpinned by the development of the Mecsek Hills Uranium Project.
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