Last checked at 10 Aug 2012 12:45
Gold Oil PLC
("Gold Oil" or the "Company")
Result of EGM / Appointment of Directors
Dated: 10 August 2012
Gold Oil, the AIM-listed oil and gas exploration and production company, (AIM: GOO), with a primary focus on Latin America, announces that at the general meeting held today all resolutions were passed and the Company accordingly announces the appointment of Rudolph Berends and Camilo Merendoni as Directors of Gold Oil.
A poll was taken on each resolution and the results of the poll were as follows:
VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED | VOTESWITHHELD | ||
1 | To appoint Rudolph Berends | 283,038,779 | 62.96 | 166,501,003 | 37.04 | 449,539,782 | 50.42% | 18,441,741 |
2 | To appoint Camilo Merendoni | 279,909,067 | 62.43 | 168,480,715 | 37.57 | 448,389,782 | 50.30% | 19,591,741 |
The Company also announces that on 9 August 2012, Julian Garcia resigned as a director of the Company with immediate effect and that shortly after the conclusion of the General Meeting today, Mike Neville and William Daily also resigned as directors.
The new directors intend to seek the appointment of additional independent directors to establish a board of the Company which is appropriate for the Company's needs as a company admitted to AIM. The Company intends to be in a position to update shareholders on this shortly.
Details on the two new directors are as follows:
Rudolph Berends, aged 66, has 39 years experience in the oil and gas industry. He started with Shell as an explorationist and has more than 20 years experience in Latin America where he has been the CEO/President of various public and private companies. Rudolph has a Doctoral degree in
Geology/Geophysics and a BSc in Economics from universities in the Netherlands and the United States.
The following are details of all current and former directorships in the previous five years held by Rudolph Berends:
Full Name: Rudolph Berends
Current Directorships | Former Directorships |
Blitzen Energie Ltd | Petrolatina Energy plc |
ANDES ENERGIA PLC | Petrolatina (CA) Limited |
Taghmen Argentina Limited | |
Northwood Petroleum S.A. |
There are no further details to be disclosed under Rule 17 schedule 2 paragraph (g) of the AIM Rules in relation to Rudolph Berends.
Camilo Merendoni, aged 79, has 49 years of diversified experience in the Oil and Gas industry. He started as a Petroleum Engineer with Texas Petroleum Company in Colombia and has worked mainly in Latin America, the Middle East and Cental Asia. His career included stints with Ecopetrol, Petrobras, Hocol, Shell and Bridas Energy. He has degrees in Petroleum Engineering from Pittsburgh University and Advanced Management from Universidad de los Andes.
There are no further details to be disclosed under Rule 17 schedule 2 paragraph (g) of the AIM Rules in relation to Camilo Merendoni.
Enquiries
Rudolph Berends
| Gold Oil Plc | ||
Jonathan Wright (Corporate Finance) Richard Redmayne (Corporate Broking)
| +44 (0) 207 107 8000 | Seymour Pierce Ltd | Nominated Adviser & Joint Broker
|
Hugh Sanderson / Travis Inlow
| + 44 (0) 20 7448 0200 | FirstEnergy Capital LLP | Joint Broker |
Tim Thompson/Helen Chan/Ben Romney
| + 44 (0) 20 7466 5000 | Buchanan | Financial PR |
Updates on the Company's activities are regularly posted on its websitewww.goldoilplc.com