2 Sep 2019 07:00
2 September 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Board Appointment
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 announce the appointment of Martin Bachmann to the Board as a non-executive director with effect from 1 September 2019.
Martin Bachmann, Non-Executive Director, aged 60 years.
Martin, a trained geophysicist, was a member of Wintershall's Board of Executive Directors for 10yrs. At Wintershall his responsibilities included managing its 70,000 boepd production company in Argentina where he has gained extensive experience in the unconventional space. Previously he had a 25-year career with Shell, managing various businesses in the FSU, Spain, the Netherlands, the North Sea and the Middle East. Martin is Swiss and speaks German, English, Dutch, French and Spanish.
Sir Michael Rake, Chairman of Phoenix Global Resources, said:
"We are delighted to welcome Martin to the Board. He joins the Board at an exciting time in the Company's development and his experience in unconventional activities will be invaluable as the Company continues to develop its Vaca Muerta acreage."
Additional information to be disclosed pursuant to Schedule 2(g) and Rule 17 of the AIM Rules:
Martin Bachmann is currently a director of the following companies:
- TwoB Consulting GmbH
- Petrogas NEO UK Ltd
- Point Resources Holding AS
In the past five years Martin has also been a director of the following companies:
- Wintershall Holding GmbH
- Wintershall AG
- Wintershall Libyen Oil & Gas GmbH
- Wintershall Middle East GmbH
- Wintershall Ventures GmbH
- Wintershall Lenkoran GmbH
- Wintershall Energia SA
- Wintershall Norge AS
- Wintershall Nederland BV
- Wintershall Noordzee BV
- Erdgas Munster
Martin holds no interest in the ordinary shares of the Company.
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.
For further information, please contact:
Phoenix Global Resources plc | Sir Michael Rake, Chairman
| T: +44 20 3912 2800 |
Shore Capital (Nominated Adviser and Joint Broker)
| Antonio Bossi David Coaten
| T: +44 20 7408 4050 |
Panmure Gordon (Joint Broker)
| Charles Lesser
| T: +44 20 7886 2500 |
Camarco | Billy Clegg Owen Roberts James Crothers | T: +44 20 3757 4980 |
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licenced working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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