Mon, 15th Apr 2019 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Monday 15 April 2019
EGDON RESOURCES PLC
("Egdon" or "the Company")
Egdon Resources plc (AIM: EDR)is pleased to announce the appointment of Tim Davies as a Non-Executive Director of the Company with immediate effect. Tim replaces Andrew Lodge who steps down after over seven years on the Board.
Tim has over twenty years of experience in the Oil and Gas Sector, with global experience of running major exploration projects. He has held a number of senior positions at Premier Oil plc ("Premier") and currently holds the position of Group Exploration Manager, a role in which he has driven acquisition and divestment activity to optimise the Premier portfolio. Prior to joining Premier Oil, Tim spent seven years working on global new ventures for ConocoPhillips and Hess. A Fellow of the Geological Society, Tim holds a BSc Hons in Geology and a PhD from Cardiff University.
Philip Stephens, Chairman, commented:
"I would firstly like to thank Andrew Lodge for his valuable contribution and positive impact during his time on the Egdon board and wish him well in his retirement.
I am delighted to welcome Tim Davies to the board and look forward to utilising his extensive experience and knowledge as our Company enters an exciting stage of development."
Tim Davies, aged 49, currently holds no other directorships and has held none over the last five years. There is no further information required to be disclosed in respect of Tim Davies pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Ben Romney, Chris Judd 020 7466 5000
Nominated Adviser and Joint Broker - Cantor Fitzgerald Europe
David Porter/Nick Tulloch (Corporate Finance) 020 7894 7000
Caspar Shand Kydd (Sales)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK.
Egdon holds interests in 44 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets. Egdon is an approved operator in the UK.
Egdon was formed in 1997 and listed on AIM in December 2004.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain