Rockpool Acqui Regulatory News (ROC)

3 Dec 2008 07:00



3 December 2008

ROC OIL COMPANY LIMITED ("ROC")

STOCK EXCHANGE RELEASE

Board MOVEMENTS

ROC advises that Mr Adam Jolliffe and Dr Douglas Schwebel have resigned as non-executive Directors of the Company, effective 3 December 2008. As part of the Board restructure Mr Jolliffe is leaving after 10 years of service as a non-executive Director. Dr Schwebel is leaving having accepted a full-time executive position in the oil industry.

ROC is also pleased to advise that Mr Robert Claude Andre Léon has been appointed as a non-executive Director of the Company, effective 3 December 2008.

Mr Léon is a French national (aged 59) with over 30 years of experience in business and government administration. From 2002 until the merger with ROC, Mr Léon was a non-executive Director of Anzon Energy Limited and from 2006 until the successful takeover by ROC, he was a non-executive Director of Anzon Australia Limited. Mr Léon is also a Director of the Mandarin Oriental Group of Hotels.

In 1996, Mr Léon co-founded Qualis, a diversified industrial group based in France of which he is a co-manager. He was Chief Executive Officer ("CEO") of Arnault Group between 1986-1997, during which time he managed numerous strategic acquisitions, disposals and financial transactions. Prior to a career in business, Mr Léon held several positions in the French government administration. He holds degrees in political science and economics, and is a graduate of École Nationale d'Administration in France.

Mr Léon currently owns 1,221,212 ordinary ROC shares. Additional information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies is set out below.

Following the changes referred to above, the ROC Board will comprise six Directors, with two executive Directors and four non-executive Directors.

Commenting on the Board changes, ROC's CEO, Mr Bruce Clement, stated:

"Following completion of the takeover of Anzon, the Company has taken the opportunity to review the Board's structure. Adam Jolliffe will be replaced by Robert Léon and Doug Schwebel leaves the Board following acceptance of a full time executive position in the oil industry. On behalf of ROC's shareholders, the Board and staff, I would like to thank Adam and Doug for their support and advice. I would also like to welcome Robert to the Board. Through the takeover of Anzon, ROC has already had an opportunity to get to know Robert and to appreciate his global focus and experience, which will provide a valuable contribution in relation to ROC's international portfolio."

Matthew Gerber

Manager

Investor Relations & External Affairs 

For further information please contact:

Mr Bruce Clement

Chief Executive Officer

Tel: +61-2-8356-2000

Email: bclement@rocoil.com.au

Or visit ROC's website: www.rocoil.com.au

Dr Kevin Hird

General Manager - Business Development

Tel: +44 (0)20 7495 5707/+61 (0)2 8356 2000

Mob: +44 (0)7751 3671 49/+61 (0)417 261 727

Email: khird@rocoil.com.au

Michael Shaw

Oriel Securities Limited (Nominated Adviser)

Tel: +44 (0)20 7710 7600

Bobby Morse

Buchanan Communications

Tel: + 44 (0)20 7466 5000

Fax: + 44 (0)20 7466 5001

E-Mail: bobbym@buchanan.uk.com

Mob: +44 (0)7802 875 227

Robert Léon - Directorships

Current Directorships

Previous Directorships