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5 Oct 2015 07:00
5 October 2015
Greka Drilling Limited
("Greka Drilling" or the "Company")
Board changes
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, is pleased to announce the appointment of Sean Mulhearn and Richard Day as Non-executive Directors of the Company with immediate effect. Mr Mulhearn has over 30 years' experience in international commodity finance; he will be an independent member of the board and a member of the Remuneration Committee. Mr Day has over 25 years' experience in the financial services sector; he will be an independent member of the board and will be a member of the Audit Committee.
Until 2014, Mr Mulhearn was Global Head of Commodity Sales and Global Head of Commodity Finance and Structuring at ANZ in Singapore. Prior to this he was Asian Head of Commodity Sales - Fixed Income at JP Morgan in Singapore and Global Head of Commodity Sales at Standard Chartered Bank in Singapore, having previously worked for Merrill Lynch in New York and for Citibank in Sydney, London and New York. Mr Mulhearn has an economics degree from the University of Sydney.
Until earlier this year, Mr Day was Head of Corporate Development at institutional stockbroker Arden Partners. He was a founding partner of Arden Partners where he worked from 2002 and became Head of Corporate Finance. Prior to this he spent 12 years in corporate finance at Cazenove & Co. He is a qualified solicitor having worked with a number of law firms including Simmons & Simmons and Charles Russell. He is a non-executive director of Cogenpower.
At the same time as the appointments referred to above, Stewart John and Lisa He are stepping down from Greka Drilling's board, although Lisa remains the Company's CFO China.
Mr. Randeep S. Grewal, Chairman, commented:
"I am delighted to welcome Sean and Richard to the Greka Drilling board. I believe that their experience is highly complementary to our current board and will be of significant value to the Company. I look forward to working with them in this exciting phase of the Company's development. I'd also like to thank Stewart and Lisa for their contribution to the board since the Company's admission to AIM in 2011."
For further information on Greka Drilling, please refer to the Company's website at www.grekadrilling.com or contact:
James Henderson / Rollo Crichton-Stuart Investor Relations Bell Pottinger
| +44 20 7861 3800 |
Dr Azhic Basirov / David Jones / Ben Jeynes Nominated Adviser Smith & Williamson
| +44 20 7131 4000 |
James Felix Broker Arden Partners
| +44 20 7614 5900 |
Mark Taylor Broker Panmure Gordon (UK) Limited | +44 20 7886 2500 |
Additional information
Sean St Clair Mulhearn (age 52) is currently a director of Jacaranda Capital Partners Pte Ltd and Jacaranda Capital Partners Pty Ltd (in addition to Greka Drilling) and has had no other directorships in the last 5 years.
Richard Joseph Day (age 55) is currently a director of Cogenpower plc and RJD Corporate Limited (in addition to Greka Drilling) and has had no other directorships in the last five years.
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