30 Aug 2011 07:00
Embargoed: 0700hrs on 30 August 2011
Northern Petroleum Plc ("Northern" or the "Company") Appointment of Non Executive Director
Northern is pleased to announce the appointment to the Board, with immediate effect, of Dr Rex William Gaisford CBE as a new Non Executive Director of the Company.
Rex, aged 70, has worked in oil and gas businesses worldwide for over 35 years. During his career to date he has been CEO, MD, director, project manager, engineer and negotiator, with many large international oil companies and led major multi-billion dollar exploration, development and production operations world-wide as well as opened up new business opportunities in the UK, US, Denmark, Norway and Brazil.
During an intense period of 20 years he has been inter alia, Managing Director & Executive Vice President for American independent oil company, Amerada Hess International, and Project Director & General Manager Engineering for Britoil Plc. Rex was very active on the organisational aspects of the industry, publishing and presenting many technical/managerial papers. He was the founder and original chairman of the CRINE initiative which revolutionised key aspects of the UK oil industry. The CRINE message rapidly then spread across the world. In 1995 he was appointed a Commander of the British Empire (CBE).
For the last ten years, Rex as CEO of consulting company RCM Consulting Limited, has been an adviser to, and taken active roles in, the international energy industry.
Richard Latham, Chairman of Northern, commented:
"It gives me the greatest pleasure to welcome Rex to the Board of Northern Petroleum. His vast experience in every aspect of the E&P business is almost without parallel and will be of great value to Northern as we continue to build the Company into a significant position within the European industry. We all look forward to working with Rex and benefitting from his experience and insight."
The following information is disclosed pursuant to Schedule 2 (g) of the AIMRules:Current Directorships:Carbonet LimitedRCM Consulting LimitedRCM Group LimitedPast Directorships:None
There is no other information to disclose in accordance with Schedule 2 (g) of the AIM Rules.
Current shareholding in Northern:
12,500 shares
- Ends -
For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900 Derek Musgrove, Managing Director Chris Foss, Director of Finance, Legal & Corporate Affairs Graham Heard, Exploration & Technical Director Cenkos Securities (NOMAD and Joint Broker) Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Ken Fleming / Beth McKiernan Tel: +44 (0) 131 220 6939 Jefferies International (Joint Broker) Tel: +44 (0) 20 7029 8000 Chris Snoxall / Marco Baruzzi Financial Dynamics Tel: +44 (0) 20 7831 3113 Billy Clegg / Edward Westropp Bishopsgate Communications Tel: +44 (0) 20 7562 3350 Nick Rome Notes to Editors:
Comprehensive information on Northern and its oil and gas operations, including all press releases, annual reports and interim reports are available from Northern's website at www.northpet.com.
XLON