16 Jun 2008 07:45
Embargoed for release: 0745 on 16 June 2008
Northern Petroleum Plc ("Northern" or "the Company") Board Appointments at ATI Oil Plc
Northern (AIM:NOP), an oil and gas production, development, exploration and asset trading company, notes the announcement made at 0700 this morning by PLUS quoted ATI Oil Plc ("ATI") concerning the appointment of Per Gunnar Loge as Chief Executive of ATI and Erik Jorgensen as Non Executive Director. Northern currently has a 37.05% shareholding in ATI and Derek Musgrove and Chris Foss, directors of Northern, are respectively Chairman and Finance Director of ATI.
Richard Latham, Chairman of Northern, commented:
"I am delighted with these impressive appointments to the Board of ATI. They are testament to the quality and potential of our substantial Italian asset position, which has been painstakingly built over a number of years. With the appointment of Per Gunnar, ATI has attracted a Chief Executive with an excellent track record of running independent European E&P companies.
"Erik also adds significant experience in the sector - he is currently Chief Financial Officer of Amni International Petroleum Development Company Limited which, together with its partner Afren Plc, has within the last week achieved first oil at Okoru Setu, offshore Nigeria.
"Northern looks forward to working with Per Gunnar and Erik who will add their experience and skills to the development of our substantial joint Italian projects."
For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900
Richard Latham, Chairman
Graham Heard, Exploration & Technical Director
Investec Tel: +44 (0) 20 7597 5000
Michael Ansell / Paul Brett
Panmure Gordon & Co Tel: +44 (0) 20 7459 3600
Ashton Clanfield / Katherine Roe
Bishopsgate Communications (Press) Tel: +44 (0) 20 7562 3350
Nick Rome / Maxine Barnes
Buchanan Communications (Analysts) Tel: +44 (0) 20 7466 5000
Tim Thompson / Nick Melson / Ben Romney
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