Last checked at 8 Sep 2008 09:43
8 September 2008
ANZON ENERGY LIMITED (AIM: AEL)
Scheme becomes Effective & Change of Board
Anzon Energy Limited ("AEL" or "the Company") announces that further to the order of the Federal Court of Australia ("Court") on Friday 5 September 2008 that the scheme of arrangement between AEL and its shareholders ("Scheme"), in relation to the proposed merger with Roc Oil Company Limited (ASX & AIM: ROC), be approved, the Scheme has today been lodged with the Australian Investments and Securities Commission and as a result the Scheme is Effective as at 8 September 2008. As provided in the Merger Implementation Agreement, ROC is entitled to appoint 2 directors of the Company as soon as practicable after the Scheme becomes Effective.".
AEL announces the appointment of ROC directors, Mr William Jephcott and Mr Bruce Clement, as non-executive director of the Company, effective today.
Mr Jephcott is an investment banker who specialises in merger and acquisition advice. He also has experience in the financing and structuring of major resource projects, including those in the oil and gas industry. Since July 2006 Mr Jephcott has been Special Advisor to Gresham Partners Limited. He is also a director of New South Wales Rugby Union Limited. Mr Jephcott is also Deputy Chairman of ROC.
Mr Clement, who joined ROC in 1997, has more than 28 years experience in the oil and gas industry. While at ROC, Mr Clement has held the positions of Commercial Manager, Company Secretary, Chief Financial Officer and Chief Operating Officer. Prior to joining ROC, Mr Clement held engineering, commercial, and management roles with Exxon Corporation, Ampolex and AIDC Limited (Australian resource bank). Mr Clement is currently the Acting Chief Executive Officer of ROC.
The information required to be disclosed in accordance with the AIM rules, with respect to the appointment of Mr Jephcott and Mr Clement to the Board, is set out in Appendix 1 below.
For further information please contact:
Anzon Energy Limited: Mr Tony Strasser +61 2 9024 3555
Grant Thornton UK LLP: Fiona Owen +44 20 7383 5100
Appendix 1
Set out below are the current and past Directorships over the past five years of William George Jephcott - aged 58.
| Current directorships or partnerships | Past directorships or partnerships |
| Roc Oil Company Limited New South Wales Rugby Union Ltd Amadan Pty Limited En-dev Finance Consultants Pty Ltd GPF No 4 Pty Ltd Roto Pty Limited | Engin Limited Roc Oil (Madagascar) Pty Limited Darcy Nominees Pty Ltd Innocom Systems Pty Ltd Mibroadband Pty Limited Homan Pty Ltd NSWRU Finance Limited Ranrub Pty Limited Rugby Ground Administration Pty Ltd |
Mr Jephcott has no interest in the ordinary shares and options of AEL.
Set out below are the current and past Directorships over the past five years of Bruce Frederick William Clement - aged 52.
| Current directorships or partnerships | Past directorships or partnerships |
| Roc Oil Company Limited Roc Oil International Holdings Pty Limited Roc Oil Canada Roc Oil Australia Holdings Pty Limited Roc Oil (WA) Pty Limited Roc Oil (Mauritania) Company Roc Oil (Madagascar) Pty Limited Roc Oil (Maboque) Company Roc Oil (Gobi) Pty Limited Roc Oil (GB) Limited Roc Oil (GB Holdings) Limited Roc Oil (Finance) Pty Limited Roc Oil (Falklands) Limited Roc Oil (Europe) Limited Roc Oil (Equatorial Guinea) Company Roc Oil (China) Pty Limited Roc Oil (China) Company Roc Oil (Cayman Islands) Company Roc Oil (Casamance) Company Roc Oil (Cabinda) Company Roc Oil (Bohai) Company Roc Oil (Angola) Limited Lacula Oil Company Limited Elixir Corporation Pty Limited Croft Oil & Gas plc Croft Offshore Oil Limited Croft Exploration Limited Croft (UK) Limited China Oil Shale Development Company | None |
Mr Clement has no interest in the ordinary shares and options of AEL.
There are no further details required to be disclosed under paragraph G of Schedule 2 of the AIM Rules.