Last checked at 12 Jun 2017 07:00
12 June 2017
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Board Change
Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, announces that Fiona MacAulay, Chief Operating Officer, has advised the Board of her intention to leave the Company on 4 July 2017 in order to accept the role of Chief Executive Officer of AIM-listed Echo Energy plc.
Prior to her departure, Fiona will hand-over her responsibilities to the senior members of the technical team who will assume day-to-day management of operational and technical matters from July 2017. Namely, Alun Griffiths (Petroleum Engineering Manager and Falkland Asset Manager), Lucy Williams (Geoscience Manager) and Paul Culpin (Development Manager). Alun has been working with Rockhopper since 2010, Lucy and Paul since 2011 and all three have significant industry experience in their respective fields.
David McManus, Chairman of Rockhopper, commented:
"Fiona has been a key member of the Rockhopper Board since 2013. She leaves Rockhopper as the largest acreage holder in a basin which we remain confident will be proven to contain a billion barrels of oil."
Sam Moody, Chief Executive, commented:
"Fiona leaves with our thanks for her very significant contribution to the business over the years and we wish her all the best for her new role. Rockhopper has a hugely busy year ahead of us with FEED on our flagship Sea Lion project substantially advanced and discussions on a range of commercial and financing matters ramping up.
"Our very capable technical team continues to screen multiple M&A opportunities as we pursue further growth of our Greater Med business. Given the depth and experience of our in-house capability, we will re-assign work to our existing resource and I look forward to continuing our work programme with the team here at Rockhopper."
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7830 9700
Sam Moody - Chief Executive
Stewart MacDonald - Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
Vigo Communications
Tel: 020 7830 9700
Patrick d'Ancona
Ben Simons