Sign In
18 Dec 2008 10:00
Afren plc (AFR LN)
Afren announces that Dr Rilwanu Lukman has been appointed as Nigeria's Minister of Petroleum Resources
Dr Rilwanu Lukman, KBE, Legion d'honneur, commented:
"Afren has achieved tremendous growth since 2005 and I am delighted that Afren is well on its way to achieving its vision as Africa's premier independent oil and gas company. Afren today has an established team of over 180 professionals supporting a portfolio of 15 assets in Nigeria, Côte d'Ivoire, Ghana, The Republic of Congo, Gabon and the Nigeria - São Tóme & Príncipe Joint Development Zone, with current production of circa 23,000 barrels of oil equivalent per day.
Afren is therefore currently in excellent shape and through its unique positioning with indigenous oil and gas companies and National Oil Companies, together with its strong financial position, is very well placed to continue this superlative growth demonstrated to date."
Egbert Imomoh, MD and Executive Chairman of Afren Energy Resources and newly appointed Chairman of Afren commented:
"Dr Lukman has led Afren with dedication and distinction since its inception. I am committed to building on this solid foundation and leverage Afren's track record, relationships in the region and established technical and operating base to continue the company's forward growth."
Osman Shahenshah, Chief Executive of Afren, commented:
"It has been an honour to work so closely with Dr Lukman over the past few years. Dr Lukman set the foundation for realising the Company's vision and Afren will continue the rapid growth of its organic and inorganic reserves and production base throughout Africa.
We wish Dr Lukman well as he implements the new Nigerian oil and gas policy."
Enquiries:
Afren plc +44 20 7451 9700
Osman Shahenshah Chief Executive
Galib Virani Investor Relations
Jefferies +44 20 7029 8000
Jack Pryde
Merrill Lynch +44 20 7996 1000
Andrew Osborne
Morgan Stanley +44 20 7425 8000
Jon Bathard-Smith
Pelham Public Relations +44 20 7743 6676
James Henderson
Background information
Afren plc
Afren plc (www.afren.com) was founded in 2004 with the vision to become the premier pan-African independent exploration and production Company, through a differentiated strategy based on a strong African representation in the Board and management, partnering with indigenous companies, partnering with National Oil Companies and Governments as well as finding a solution to the vast untapped gas reserves in the Gulf of Guinea. Since the Company's listing on the AIM market in 2005, Afren has rapidly expanded its portfolio to 15 assets across 6 African countries.
Follow the stocks
