Last checked at 16 Jul 2009 07:00
16 July 2009
ROC OIL COMPANY LIMITED ("ROC")
STOCK EXCHANGE RELEASE
RESIGNATION OF DIRECTOR
ROC advises that Mr Dennis Paterson has resigned as President Roc Oil (Bohai) Company and executive director of the Company, effective 31 July 2009.
Following Mr Paterson's resignation, ROC's Board will comprise five Directors, with one executive Director and four non-executive Directors.
ROC is pleased to announce that Mr Ron Morris, ROC's General Manager Beibu, has accepted the appointment as President, Roc Oil (Bohai) Company effective 1 August 2009.
Commenting on Mr Paterson's resignation, ROC's Chairman, Mr Andrew Love, stated:
"Dennis has been an invaluable member of the executive team and a board member over the past three years. In particular, his leadership of ROC's China project has been important in achieving the key development and production milestones at Zhao Dong. During his time as President of Roc China, Dennis has been key to establishing close working relationships with our Chinese joint venture partners, PetroChina and Sinochem and he leaves the project in a healthy position.
On behalf of the board I thank him and wish him well. We shall miss his contribution and experience.
I am also pleased to announce the appointment of Ron Morris as the new President of Roc China. Ron brings of a wealth of management and operational experience to the role, particularly in relation to China. He has been ROC's General Manager of the Beibu Gulf Project since September last year and he has achieved significant progress in the engineering, planning and approvals for the project over the past 9 months. I welcome Ron to his new role and look forward to continuing success in ROC's China business."
Matthew Gerber
Manager
Investor Relations & External Affairs
For further information please contact:
Mr Bruce Clement
Chief Executive Officer
Tel: +61-2-8023-2000
Email: bclement@rocoil.com.au
Or visit ROC's website: www.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