RPT.L Regulatory News (RPT)

4 October 2017

Regal Petroleum plc

("Regal" or the "Company")

Board Changes

Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announces changes to the Board of Directors of the Company. 

With effect from 16 October 2017, Mr Keith Henry will step down as Executive Chairman and Director of the Company and Dr Alastair Graham will step down as Non-Executive Director of the Company.

With effect from the same date, Mr Chris Hopkinson, who joined the Board of Directors on 20 September 2017, will become Non-Executive Chairman of the Company, and Dr Philip Frank, who has been a consultant to the Company since August 2015, will join the Board as a Non-Executive Director. 

Dr Frank is a geologist with extensive experience in the oil and gas industry. He began his career with BP, followed by technical and management roles with Clyde Petroleum, Triton Resources, Monument Oil & Gas and Lasmo. He was then Exploration Manager for Emerald Energy, Exploration Director for Sterling Energy and a Non-Executive Director of Tower Resources. 

Dr Frank is a Chartered Geologist, a Fellow of the Geological Society and a member of the Petroleum Exploration Society of Great Britain, and has a BSc and PhD in Geology from Liverpool University.

Sergii Glazunov, CEO, in welcoming the new appointments said: "The Company wishes to extend its appreciation to both Keith Henry and Alastair Graham for their valued contributions during their respective tenures with the Company over the last nine and seven years respectively. Thanks to their guidance and support, they leave Regal with an expanded asset portfolio, a strong balance sheet and production at record levels".

Additional information:

Philip Leighton Frank, aged 64, is currently a director of the following companies:-

PLF Consulting Limited

Force Sportswear Limited

In the last five years he has been a director of the following companies:-

Tower Resources Plc

Sterling Energy Plc

Sterling Energy (UK) Limited

Sterling Energy (International) Limited

Sterling Energy Overseas Limited

Sterling Energy Mauritania Limited

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact: