9 Sep 2011 12:30
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
9 September 2011
New World Oil and Gas Plc ('New World' or 'the Company')
Board Appointment
New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, is pleased to announce the appointment of Mr. Roland Frederick Hodder as a Non-executive Director with immediate effect. Mr. Hodder, who holds an MBA from Harvard Business School, has 30 years' international financial and management experience together with extensive experience in the oil and gas sector.
Mr. Hodder has most recently held a number of non-executive directorships of AIM traded companies, including Timan Oil & Gas plc (2006-2009) and Baltic Oil Terminals plc (2006-2008) and was Chairman of TSX listed Manor Global Inc. (2005-2007). From 2002-2005, he was Senior Vice President and Chief Financial Officer of TSX listed Nelson Resources Limited at the time of its admission to AIM. At the same time, he was Chairman of Chaparral Resources Inc., majority owned by Nelson Resources Limited. Other positions he has held include President and CEO of Kazakhstan International Management, an investment management company seeking opportunities in the CIS, and Managing Director of the Central Asian-American Enterprise Fund.
New World CEO William Kelleher said, "I am delighted to welcome Fred to the Board. He has had a wide and varied career in a diverse range of sectors, most recently in the oil and gas sector. Fred's experience will be valuable to us as we look to build upon the rapid progress already made including the securing of the Blue Creek Project in Belize and the on-going negotiations regarding the Danica Jutland Project in Denmark."
Mr. Hodder, aged 69, is or has been a director of the following companies during the previous five years:
Current Directorships:
| Directorships held within the previous five years: |
None | Timan Oil and Gas plc |
| Baltic Oil Terminals Plc |
Mr. Hodder does not currently own any shares of New World Oil and Gas Plc.
There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule Two paragraph (g) of the AIM Rules.
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For further information please visit www.nwoilgas.com or contact:
Enquiries: | ||
William Kelleher | New World Oil and Gas Plc | Tel: +17134472171 +44 7901 502 053 |
Georges Sztyk | New World Oil and Gas Plc | Tel: +1514 961 2247 |
Peter Sztyk
Felicity Geidt | New World Oil and Gas Plc
Beaumont Cornish Limited | Tel: +19172157122
Tel: +44 (0) 20 7628 3396 |
Roland Cornish | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396
|
Jerry Keen | Shore Capital | Tel: +44 (0) 20 7408 4090 |
Pascal Keane | Shore Capital | Tel: +44 (0) 20 7408 4090
|
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Lottie Brocklehurst | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |