2 Oct 2018 07:00
2 October 2018
Phoenix Global Resources plc
("Phoenix" or the "Company")
Board Appointment
Further to the announcement on 9 August 2018, Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources, is pleased to confirm Kevin Dennehy's appointment to the Board with effect from 1 October 2018.
Kevin Dennehy, Executive Director and CFO, aged 60 years.
Kevin has over 38 years experience in the oil and gas industry. He is based in our Buenos Aires office and is a Spanish speaker and has had a 35 year career with BP. Between 2016 and 2018, Kevin was CFO of Pan American Energy, BP's Argentine JV and between 2013 and 2015 he was Country Manager BP Iraq. In addition, he has held senior Finance roles at BP in Iraq, Colombia, Russia, Angola, Kuwait, the UK and the USA. Prior to BP, Kevin worked for El Paso Natural Gas Company.
His experience includes exposure to the full life cycle of upstream operations from new business access and exploration success to project developments and mature operations.
Additional information to be disclosed pursuant to Schedule 2(g) and Rule 17 of the AIM Rules:
Kevin Dennehy holds 40,000 Ordinary Shares of the Company.
He has been a director of the following companies during the previous five years (none of them is a current directorship):
- Hokchi Energy, S.A. de C.V.
- BP Iraq N.V.
- Phoenix Petroleum Services, Limited Liability Company
- BP Argentina Exploration Company
- BP SC Holdings LLC
Other than the information contained within this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two paragraph (g) of the AIM Rules.
Ends
For further information, please contact:
Phoenix Global Resources plc | Sir Michael Rake, Chairman Anuj Sharma, CEO | T: +44 20 3912 2800 T: +54 11 5258 7500 |
Stockdale Securities |
Antonio Bossi Ed Thomas |
T: +44 20 7601 6100 |
Panmure Gordon |
Adam James Charles Lesser |
T: +44 20 7886 2500 |
Camarco |
Billy Clegg Owen Roberts James Crothers |
T: +44 20 3757 4983 |
About Phoenix
Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR) listed independent Argentina focused oil and gas exploration and production company. The company has over 6.3 million licenced working interest acres in Argentina (of which over 5 million are operated), 57.2 million boe of working interest 2P reserves and average production of approximately 11,070 working interest boepd in 2017. Phoenix has significant exposure to the unconventional opportunity in Argentina through its more than 560,000 working interest acres with Vaca Muerta potential.
The Company's website is www.phoenixglobalresources.com