PVR.L Share News (PVR)

(Sharecast News) - Ireland-based energy company Providence Resources announced on Thursday that Alan Linn has been appointed as its chief executive officer with immediate effect, and was also joining the board as an executive director.
The AIM-traded firm said Linn had more than 35 years of international oil and gas industry experience, with a successful track record of operating and developing businesses in "diverse and often challenging" environments.

He had more than 10 years of leadership experience as an executive director working with listed oil and gas companies, and a "proven ability" to devise and implement strategic change within established businesses, the board said.

Having established his career originally in the UK, he subsequently worked internationally with Lasmo, Cairn Energy, Tullow Oil, ROC Oil, and with Afren as part of a restructuring process.

Linn was joining Providence from Third Energy Onshore, where he was chief executive officer.

Providence said Linn is a chemical engineer, and lives in Ireland.

"I am pleased that Alan has agreed to join Providence at this time of significant opportunity within the company," said chairman Pat Plunkett.

"He has the ideal mix of operational and strategic experience for the position, and will bring valuable insights to the board as we rebuild the business after the challenging past year.

"Alan recognizes the considerable potential of the Company's assets, in particular Barryroe, and I am sure he will enhance our options in taking this exciting project to the next stage."

Alan Linn said he was "delighted" to be joining Providence, and was "looking forward" to working with the team.

"The opportunity to lead the commercialisation of an oil and gas field with the potential of Barryroe is very compelling.

"I look forward to working with the board to bring new investment into the project to ensure value creation at the earliest opportunity."

At 1032 GMT, shares in Providence Resources were flat at 3.1p.