4 Dec 2012 07:00
4 December 2012
3Legs Resources plc
Board Appointment
3Legs Resources plc (the "Company"), an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, is pleased to announce the appointment of Richard Hills as a Non-Executive Director with immediate effect.
Richard (age 57) has over 30 years of experience in investment management and financial services, and is currently Head of Risk at Argyll Investment Services Ltd (Guernsey). Previously Richard has worked at a variety of large UK based investment management companies, including Aberdeen Asset Management Plc, as Head of UK equities and Chairman of the Investment Policy Committee, and Henderson Global Investors Plc, as Director of Henderson Administration Ltd, Henderson Pension Fund Management Ltd, Henderson International Inc. and a member of the Group Investment Policy Committee.
Current directorships
| Directorships in the past five years |
Aberdeen New Dawn Investment Trust plc Henderson Global Trust plc JP Morgan Income & Capital Investment Trust plc Phaunos Timber Ltd Cinven Ltd and Associated Funds Aztec Group Ltd Lord Hanson Charitable Trust
| Institute for Quantitative Investment Research Ltd FairFX Plc Caspen Oil & Gas
|
In accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules for Companies.
Tim Eggar, Chairman of 3Legs Resources, said:
"I am delighted to welcome Richard to the board. His wealth of experience in the investment management and financial services spheres will bring additional insight to the 3Legs Board at this exciting and crucial period for the Company."
For further information contact:
3Legs Resources plc | Tel: | +44 1624 811 611 |
Kamlesh Parmar, Chief Executive Officer | ||
Alexander Fraser, Chief Financial Officer | ||
Jefferies Hoare Govett | Tel: | +44 207 029 8000 |
Simon Hardy | ||
Jamie Buckland | ||
College Hill | Tel: | +44 207 457 2020 |
Matthew Tyler | ||
Catherine Wickman |
Notes to Editors
3Legs Resources was established in early 2007 to focus on the exploration and development of unconventional oil and gas resources. A first mover in Poland, 3Legs Resources holds interests in six licences covering approximately 1,084,000 acres (gross) in the onshore Baltic Basin in northern Poland, a region considered to be one of the most promising shale basins in Europe. The Company also holds onshore exploration licences near Krakow in southern Poland and has licences in Baden-Württemberg in south-west Germany which are currently undergoing renewal.
The technical information and opinions contained in this announcement have been reviewed by John Blair (MSc in Geophysics, University of Tulsa and BSc in Geology from Montana State University), Exploration Manager of 3Legs Resources plc, who has over 25 years of experience in the oil exploration and production industry. He has consented to the inclusion herein of such technical information and opinions.
www.3legsresources.com