Rift Helium Regulatory News (RIFT)

15 Jun 2007 07:00

Rift Oil PLC15 June 2007 For immediate release 15 June 2007 Rift Oil PLC Change of Broker and Nominated Adviser Board Appointment Rift Oil PLC, ("RIFT" or the "Company"), announces the appointment of RBCCapital Markets ("RBC") as Nominated Adviser and broker to the Company withimmediate effect. RIFT is also pleased to announce the appointment of John Bentley to the Board asnon-executive director with immediate effect. In the last fifteen years Mr Bentley, aged 59, has worked with variousmultinationals in the natural resource sector in Africa, South America, NorthAmerica and Europe, including the Gencor Group and Energy Africa where he tookit through the listing process in South Africa and became CEO for five years.Most recently he was Executive Chairman of FirstAfrica Oil plc from September2006 overseeing its takeover by BowLeven plc in February 2007. Ian Gowrie-Smith, Chairman of RIFT, commented: "We are delighted to welcome John to the Board and believe that his extensiveexperience in the fields of not only international oil and gas exploration butalso UK quoted companies within this arena will be of great benefit as wecontinue our development as a dynamic oil and gas exploration company. "We are also pleased to appoint RBC, whose knowledge of the sector and globalreach will be of significant help as we grow." Disclosures Previous Directorships held by John Bentley (last five years) : Adastra Minerals Inc, Canada, 2003 - 2006Vanco Energy Company, USA, 2005 - 2006Osprey Oil & Gas Ltd, 2001 - 2007*FirstAfrica Oil plc, 2006 - 2007 *Placed into voluntary liquidation in March 2007, no material creditors Current directorships held by John Bentley : Balmuir Estates Nominees Limited, 2001 - presentBalmuir Estates Farming Limited, 2001 - presentCDS Oil & Gas Group plc, 2005 - present.Ptarmigan Natural Resources Ltd, 2006 - present. There are no further details required to be disclosed pursuant to schedule two,paragraph (g) (i) to (viii) of the AIM Rules. For further information, please contact : Rift Oil PLC +44 20 7340 9970 David Lees, Finance Director RBC Capital Markets +44 20 7029 7881 Andrew Smith/Martin Eales Buchanan Communications +44 20 7466 5000 Tim Anderson / Isabel Podda This information is provided by RNS The company news service from the London Stock Exchange