Last checked at 17 Aug 2009 07:00
SOCO International plc
("SOCO" or the "Company")
Appointment of Non-executive Director
SOCO is pleased to announce the appointment of Dr. Mike Watts as a Non-executive Director with
immediate effect. Dr Watts has also been appointed to serve on the Audit and Nominations Committees.
Dr Watts, aged 53, holds a BSc First Class Honours and PhD in Geology from Cardiff University. He is currently Deputy Chief Executive and New Business Director, previously Exploration and New Business Director, of FTSE 100 listed Cairn Energy PLC. He has been an Executive Director on Cairn's Board of Directors since joining them in 1996. He has previous industry experience in senior technical and management roles with Shell, Burmah and Premier as well as having been the Managing Director of Amsterdam listed Holland Sea Search which was acquired by Cairn in 1995.
Dr Watts holds 5,750 SOCO International plc ordinary shares of £0.20 each, representing 0.01% of the issued share capital of the Company.
Commenting on the appointment, Ed Story, SOCO's Chief Executive, stated:
"We are extremely pleased to have Mike join us on the Board. His industry experience as an explorationist will bring a great complementary skill set to existing board competencies. His reputation and relationships in the industry can only be beneficial as the Company begins its largest exploration campaign."
The Company confirms that there are no additional matters requiring disclosure under Rule 9.6.13 of the Listing Rules.
17 August 2009
ENQUIRIES:
SOCO International plcRoger Cagle, Deputy Chief Executive and Chief Financial Officer
Tel: 020 7747 2000
Pelham Public Relations
James Henderson Tel: 020 7337 1500
Mark Antelme Tel: 020 7337 1505
NOTES TO EDITORS:
SOCO is an international oil and gas exploration and production company, headquartered in London, traded on the London Stock Exchange and a constituent of the FTSE 250 Index. The Company has interests in Vietnam, Thailand, the Republic of Congo (Brazzaville), the Democratic Republic of Congo (Kinshasa) and Angola.