Faroe Petroleum Plc Regulatory News (FPM)

13 Feb 2006 07:01

Faroe Petroleum PLC13 February 2006 13 February 2006 FAROE PETROLEUM PLC ("Faroe Petroleum" or the "Group") Appointment Faroe Petroleum, the independent oil and gas group focused on the Atlanticmargin and the North Sea, with portfolio interests offshore the Faroe Islandsand the United Kingdom, is pleased to announce the appointment of Mark MacLennanto the new position of Business Development Manager. Mark will play a key role in developing the Company's asset portfolio and workprogramme. He has considerable experience and knowledge of the energy sector,having come to the Company from Reach Exploration (North Sea) Ltd where he wasthe Commercial and Business Development Director. Prior to this, Mark was theBusiness Development Manager at First Oil Expro Ltd, and he was previously JointManaging Director of Braemar Energy Ltd. Graham Stewart, CEO of Faroe Petroleum plc said: "We are delighted to welcome Mark to Faroe Petroleum. His knowledge of thesector and his business pedigree are first rate. His appointment strengthensthe team as we manage our growing portfolio and opportunities to maximise valueto our shareholders." - Ends - For Further information please contact : Graham Stewart, Chief Executive 01224 652 810Faroe Petroleum plc Billy Clegg/Edward Westropp 0207 269 7157Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange