9 Nov 2012 07:00
Embargoed for release: 09 November 2012 at 0700
Northern Petroleum Plc ("Northern" (AIM: NOP)) Board Appointments
Northern Petroleum is pleased to announce that Nick Morgan and Keith Bush have been appointed to the Board of Directors. Nick will become Finance Director.
Nick gained a degree from Exeter University, trained with Price Waterhouse and is a member of The Institute of Chartered Accountants in England and Wales. He has over 13 years experience in Investment Banking with a focus upon advising the international oil exploration and production industry. Nick was more recently employed with Tristone Capital Limited then GMP Securities Europe LLP.
Keith Bush joined Northern in May this year as Chief Operating Officer. Keith gained a degree from Manchester University and has over 20 years oil industry experience. Keith held managerial positions in Amerada Hess, Burlington Resources and was most recently employed as General Manager Operations for E.On Ruhrgas in Norway.
Chris Foss continues as a Director assisting in the development of the Company's activities.
Richard Latham, Chairman of Northern, said "Keith Bush has now been with the Company for six months and has made a success of his position as Chief Operating Officer. Nick Morgan has the experience to do the same in his appointment as Finance Director. On behalf of the Board, I welcome them and look forward to working together for the continued growth of Northern."
Keith Richard Bush is aged 42. Keith holds 75,000 Northern warrants. Nicholas Talbot Morgan is aged 39 years and was a partner of GMP Securities LLP between January 2010 and June 2012. Save for the information disclosed above there is no other information required to be disclosed in connection with the appointments of Messers Bush and Morgan under AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies.
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For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900 Derek Musgrove, Managing Director Westhouse Securities (NOMAD and Broker) Tel: +44 (0) 20 7601 6100 Richard Baty / Petre Norton - Corporate Finance Ian Napier - Corporate Broking FTI Consulting Tel: +44 (0) 20 7831 3113 Billy Clegg / Edward Westropp
Notes to Editors:
Northern is a full cycle oil and gas company currently holding over 40 licences in a number of low risk areas and is continuing with its strategy of adding and securing value for shareholders as it engages with projects at all stages of the E&P value chain.
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