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Board Appointment

22 Apr 2015 09:30

RNS Number : 9723K
Gulfsands Petroleum PLC
22 April 2015
 

Gulfsands Petroleum Plc

 

Board Appointment

 

22 April, 2015:Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company", AIM: GPX), the oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, advises on the appointment of a non-executive director.

 

With effect from today, Andrew Morris has been appointed as Non-executive Director of the Company. Mr Morris has extensive international business experience and sits on the board of other resource companies; he is non-executive Chairman of Madagascar Oil Limited, an AIM listed company with oil and gas assets situated onshore Madagascar. He was founder of Persistency Capital, a private investment company, where he has acted as both investor in, and adviser to, companies across a broad range of sectors and geographies. Previously, Mr Morris spent 15 years in the financial services industry including a period with Ernst & Young in London. Mr Morris holds a BSc (Hons.) degree in Mathematics and is a Fellow of the Institute of Chartered Accountants in England and Wales.

 

Mr Morris and his wife together hold interests totalling 3.4% of the ordinary share capital of Swiss Energy Partners AG, the parent company of SEP African Ventures Ltd which holds 4.13% of the ordinary shares outstanding in the Company.

 

Gulfsands Executive Chairman, Alastair Beardsall, said:

 

"I am pleased to welcome Andrew Morris to our Board. Andrew's broad experience in the upstream oil and gas industry will be of substantial benefit to the Company."

 

Further information concerning current and former directorships of Mr Morris is included in the appendix to this announcement. There are no further details for Mr. Morris required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules.

 

Gulfsands Petroleum

+44 (0)20 7024 2130

Alastair Beardsall, Executive Chairman

 

 

 

Buchanan

Bobby MorseBen Romney

+44 (0)20 7466 5000

 

RBC Capital Markets

 

+44 (0)20 7653 4000

Matthew Coakes

Daniel Conti

Jakub Brogowski

 

 

 

FirstEnergy Capital

+44(0)20 7448 0200

Jonathan Wright

 

 

 

APPENDIX

 

Current Directorships of Mr Andrew James Morris (age: 46)

 

Vokings Advisers Limited

 

Madagascar Oil Limited

 

Blake Oil & Gas Limited

 

Canargo Limited

 

Canargo Samgori Limited

 

Canargo Power Corporation Limited

 

Martkopi Oil Company Limited

 

Nazvrevi Oil Company Limited

 

Ninotsminda Oil Company Limited

 

Kriisa Research Inc

 

 

 

Past Directorships in the last 5 years of Mr Morris

 

Southwest Energy Limited

 

Falcon Oil & Gas Ltd

 

Direct Petroleum Exploration Inc

 

Persistency Capital LLC

 

Persistency

 

Persistency Private Equity Limited

 

CLMS Management LLC

 

Camomille International Ltd

 

Argonaut Well Services Limited

 

Blake Africa Limited

 

   

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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