RPT.L Regulatory News (RPT)

15 Apr 2008 15:52

Regal Petroleum PLC15 April 2008 15 April 2008 REGAL PETROLEUM PLC ("Regal" or "the Company") Appointment of Finance Director And Chief Technologist Regal Petroleum (AIM: RPT), the independent oil & gas exploration and productioncompany with interests in the Ukraine, Romania and Egypt, is pleased to announcethe appointment of Mr Robert Wilde as Finance Director of the Company witheffect from 1 May 2008 and the appointment of Mr Ronan McElroy as ChiefTechnologist. Mr Wilde (aged 43) has over 20 years experience in the energy industry, havingworked in upstream, oil & gas, with Phillips Petroleum and Ranger Oil and alsoin the downstream power generation sector with Powergen and RWE. He has held anumber of senior finance and managerial roles in respect of projects in Hungary,Germany, Italy, Portugal and Russia. Most recently, Mr Wilde was FinanceDirector of Baltic Oil Terminals Plc, having taken that company to IPO on theAIM market in 2006. He is a graduate in Geology & Geophysics from ImperialCollege, London and qualified as a chartered accountant with Ernst & Young. Mr McElroy (aged 43) is a geoscientist with over 18 years experience in theupstream oil industry. He was with Shell for 9 years where, amongst otherprojects, he participated in the Guda discovery in Rajasthan, the first onshorediscovery in India by a foreign company for over 50 years. Mr McElroy thenworked for Saudi Aramco at strategic corporate level and most recently was Headof Production Development for Dubai Petroleum Establishment. He holds a BSc(Hons) in Geology from the University of Edinburgh and a PhD in StructuralGeology and Sedimentology from the University of Cambridge. The Board of Regal now comprises the following directors:- David J Greer (Chairman and Chief Executive Officer)Harry Verkuil (Chief Operating Officer)Robert Wilde (Finance Director)Lord St. John of Bletso (Non-Executive Director)Antonio Mozetic (Non-Executive Director) Mr David Greer, Chairman and Chief Executive of Regal, said: "This latest appointment of Robert Wilde as Finance Director and Ronan McElroyas Chief Technologist to the new Regal executive management team is furtherevidence of Regal's continued commitment to strengthen and reinforce theexecutive management team and to improve overall corporate governance." "Robert brings a wealth of experience both from the broader energy sector andthe City and he will be of great value to the Company and the Board as wecontinue to implement our corporate transformation and advance our fielddevelopment and corporate growth plans. Ronan is an excellent geoscientist witha strong track record of delivery and he brings a pioneering approach to theapplication of technology and standards directed at value creation for Regal andour shareholders." Mr Wilde currently has no interest in shares in the Company. There is no information in relation to the appointment of Mr Wilde which isrequired to be disclosed pursuant to Rule 17 of the AIM Rules for Companiesother than as follows:- Current Directorships Wilde 4 Limited Past Directorships Aveley Methane LimitedAmbient Biomass LimitedAmbient Energy LimitedAmbient Hydro LimitedBaltic Oil Terminals PlcBaltic Hydrocarbons LimitedBaltic Petroleum (E&P) LimitedBaltic Petroleum LimitedBaltic Terminals LimitedBidston Methane LimitedCaspian Finance LimitedCEFN Croes Windfarm LimitedCornwall Biomass Power LimitedCorston Windfarm LimitedGengas LimitedMynydd Clogau Windfarm LimitedNorth Wiltshire Biomass Power LimitedNovera Energy Generation No. 1 LimitedNovera Energy Operating Services LimitedNovera Energy Services UK LimitedNovera Wind Energy LimitedPrysan Windfarm LimitedSuffolk Biomass Power LimitedTetoil LimitedTetoil Baltic LimitedZauralneftegaz Limited For further information, please contact: Regal Tel: 020 7408 9500David Greer, Chairman and CEO Strand Partners Tel: 020 7409 3494Simon Raggett / Rory Murphy Mirabaud Securities Tel: 020 7878 3362Peter Krens / Pav Sanghera Citigate Dewe Rogerson Tel: 020 7638 9571Media enquiries: Martin JacksonAnalyst enquiries: Scott Fulton This information is provided by RNS The company news service from the London Stock Exchange