Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJersey Oil & Gas plc Regulatory News (JOG)

Share Price Information for Jersey Oil & Gas plc (JOG)

Share Price is delayed by 15 minutes
Get Live Data
93.50    -3.00 (-3.11%)
Bid:
92.00
Ask:
95.00
Spread: 3.00 (3.261%)
Market Cap: £30.54m
JOG Live PriceLast checked at - London Stock Exchange

Intraday Jersey Oil & Gas plc Share Chart

Directorate and Senior Management Changes

31 May 2013 13:55

RNS Number : 0338G
Trap Oil Group plc
31 May 2013
 



 

 

 

 

 

 

Trap Oil Group plc

("Trapoil" or the "Company")

 

Directorate and Senior Management Changes

 

Trapoil (AIM:TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce the following changes to its board of directors (the "Board") and senior management.

 

Scott Richardson Brown has been appointed to the Board as the Group's Finance Director with effect from 3 June 2013. He replaces John Church, who has been acting in the role of Interim Finance Director since 13 April 2013. Mr Church will remain as a member of the Company's executive management team and will continue to act as Company Secretary.

 

Mr Richardson Brown is a qualified Chartered Accountant and has spent more than 15 years working with public companies, first in a corporate finance advisory role and more recently as a Director in Industry positions. Mr Richardson Brown started his career with Coopers & Lybrand (latterly PwC) before becoming a Partner in the Corporate Broking/Finance division of Oriel Securities Limited. After leaving Oriel Securities Limited, Mr Richardson Brown joined CSR, a FTSE 250 semiconductor company, as M&A and Investor Relations Director, managing a number of corporate transactions including the US$280 million acquisition of Nasdaq listed SiRF Technology Holdings Inc. Most recently he served as Finance Director of Ascent Resources plc where he oversaw the reorganisation of the company's balance sheet.

 

In addition, Michael Cameron has been appointed to the position of Financial Controller with effect from mid August 2013. Mr Cameron is a member of the Institute of Chartered Accountants of Scotland with 15 years experience in the oil and gas industry in Aberdeen, with companies including Transocean Ltd and Amerada Hess (latterly The Hess Corporation). Most recently, he has spent 10 years with Dana Petroleum plc in a variety of financial roles.

 

In connection with these appointments the Company has granted 1,500,000 share options to Mr Richardson Brown and 700,000 share options to Mr Cameron at an exercise price of 15p per share, representing a premium of approximately 25.87 per cent. to the average of the Company's mid-market closing share price for the three trading days prior to the date of this Announcement. The options, which vest as to one third immediately, one third in one year's time and one third in two year's time, are not subject to any performance criteria, and may be exercised, in whole or in part, at any time up to the tenth anniversary of the date of grant. The awards have been made under the terms of the Company's existing Unapproved Share Option Plan 2011 ("Unapproved Scheme"). Following these grants there will be options outstanding over, in aggregate, 14,131,503 Ordinary Shares, representing approximately 6.26 per cent. of the Company's existing issued share capital.

 

 

Mark Groves Gidney, Chief Executive Officer of Trapoil, commented:

"We are delighted to welcome Scott to the Board as Group Finance Director and Michael as a key member of the Senior Management team. They both bring with them extensive industry and commercial experience and we look forward to working with them to further develop and grow the Company."

 

 

Additional information on the new director appointment:

 

Mr Scott Richardson Brown, aged 37, is a director or partner, or has been a director or partner during the previous five years, of the following entities:

 

Current directorships or partnerships

 

Past directorships or partnerships held within the last five years

None

Ascent Resources plc

Ascent Slovenia Ltd

Ascent Slovenia d.o.o

Ascent Resources Italia s.r.l

Ascent Hungary k.t.f

Ascent Production Limited

Voluntarily dissolved 26/03/2013

Kingsley House Limited

 

There is no other information that is required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies of the London Stock Exchange.

 

**ENDS**

 

Enquiries:

Trap Oil Group plc

 

Mark Groves Gidney, CEO

 

Tel: 0203 170 5586

www.trapoil.com

 

Strand Hanson Limited

James Harris

Matthew Chandler

James Spinney

 

Tel: 0207 409 3494

Mirabaud Securities LLP

Peter Krens

 

Tel: 0207 321 2508

FirstEnergy Capital LLP

Hugh Sanderson

David van Erp

 

Tel: 0207 448 0200

 

Cardew Group

Shan Shan Willenbrock

Lauren Foster

 

Tel: 0207 930 0777

trapoil@cardewgroup.com

 

 

Notes to editors:

·; The Group was created in 2008 by a team of experienced industry executives with a broad range of oil and gas technical, operational and financial expertise and professional skills.

 

·; Trapoil has developed long term relationships with key oil industry partners and major suppliers and consultants including CGGVeritas Services (UK) Limited ("CGGVeritas"), Applied Drilling Technology International and Exploration Geosciences Limited.

 

·; The Company utilises a research-led, knowledge-based approach to identify and deliver promising exploration and appraisal opportunities, and to this end has secured extensive long-term access to CGGVeritas' state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGGVeritas is a leading pure-play geophysical services and equipment provider. Access to such 3D seismic data serves to strengthen the Group's ability to create opportunities on both open and held acreage in the UKCS.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAEAASFDSADEFF
Date   Source Headline
9th Jun 202612:50 pmRNSResult of AGM
29th May 20264:20 pmRNSHolding(s) in Company
28th May 20264:25 pmRNSHolding(s) in Company
18th May 202611:30 amRNSHolding(s) in Company
15th May 20262:30 pmRNSHolding(s) in Company
12th May 20267:00 amRNSFinal Results & Notice of AGM
9th Apr 20263:30 pmRNSHolding(s) in Company
7th Apr 20263:00 pmRNSHolding(s) in Company
1st Apr 202612:30 pmRNSHolding(s) in Company
3rd Mar 20265:27 pmRNSHolding(s) in Company
3rd Mar 20265:25 pmRNSHolding(s) in Company - Amendment
3rd Mar 202612:10 pmRNSHolding(s) in Company
14th Jan 20267:00 amRNSCorporate Update
27th Nov 20257:00 amRNSUK Fiscal Update
11th Sep 20256:15 pmRNSDirector’s Dealing
4th Sep 20257:00 amRNSInterim Results
28th Jul 202511:49 amRNSHolding(s) in Company
24th Jul 20252:57 pmRNSHolding(s) in Company
24th Jul 202512:26 pmRNSHolding(s) in Company
18th Jul 202512:47 pmRNSHolding(s) in Company
27th Jun 202511:43 amRNSResult of AGM
4th Jun 20251:34 pmRNSHolding(s) in Company
28th May 20257:00 amRNSFinal Results & Notice of AGM
17th Mar 20257:00 amRNSGrant of Share Options
7th Mar 20254:46 pmRNSDirector's Dealing
7th Mar 20257:00 amRNSFPSO Update
3rd Mar 20257:00 amRNSCorporate Update
31st Dec 20247:00 amRNSRetirement of Non-Executive Director
19th Sep 20247:00 amRNSInterim Results
2nd Sep 20247:10 amRNSBuchan Project Update and Notice of Results
13th Aug 20244:30 pmRNSHolding(s) in Company
6th Aug 20243:44 pmRNSChange of Registered Office Address
30th Jul 20247:00 amRNSChanges to the Energy Profits Levy
5th Jun 20241:45 pmRNSResult of AGM
5th Jun 20247:00 amRNSAGM Update
13th May 20247:00 amRNSFinal Results for the Year Ended 31 December 2023
22nd Mar 20244:47 pmRNSTR-1: Notification of major holdings
26th Feb 20247:00 amRNSGBA Farm-Out Completion
19th Feb 20244:58 pmRNSTR-1: Form for notification of major holdings
31st Jan 20247:00 amRNSDirector’s Share Purchases and Issue of Equity
29th Jan 20247:00 amRNSCorporate Update
10th Jan 20247:00 amRNSDirector's Dealing
21st Dec 20235:10 pmRNSTR-1: Notification of major holdings
15th Dec 202310:51 amRNSExercise of Share Options
23rd Nov 20237:00 amRNSGBA Farm-Out to Serica Energy
17th Nov 20237:00 amRNSFPSO Acquisition
14th Sep 20237:02 amRNSChange of Auditor
14th Sep 20237:00 amRNSInterim Results
4th Jul 20237:05 amRNSP2170 "Verbier" Licence Extension
4th Jul 20237:00 amRNSSelection of GBA Development Solution

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.