SEY.L Regulatory News (SEY)

14 Feb 2006 07:00

Sterling Energy PLC14 February 2006 14 February 2006 STERLING ENERGY PLC ("Sterling" or the "Company") Board Appointment Sterling Energy plc, the AIM listed energy company with activities in the Gulfof Mexico and Africa, today announces the appointment of Mr. ChristopherCallaway as a non-executive director of the Company with immediate effect. Mr. Callaway joined the "City" in 1973, initially with the London Stock Exchangeand in 1983, he moved to Capel Cure Myers (subsequently ANZ Merchant Bank) inthe role of corporate finance adviser, specialising in small and medium sizedgrowth companies. He became a partner at Coopers & Lybrand in 1990 beforejoining Beeson Gregory in 1995. Beeson Gregory was subsequently taken over bythe Evolution Group in 2002 and on the merger Mr. Callaway became Joint Head ofCorporate Finance, retiring in December 2004. Since then, Mr. Callaway has beeninvolved in the flotation of a number of companies of which he is both aninvestor and a director. Mr. Callaway will join the Audit, Remuneration and Nominations committees ofSterling. Richard O'Toole, Chairman of Sterling Energy commented: "I am delighted to welcome Chris Callaway to the Board of Sterling. His longexperience of the City and advising growth companies will be of great benefit toSterling as we seek to deploy the significant cash that will shortly begin toflow from our investment in the Chinguetti field, offshore Mauritania." Save for the declarations below, and the issue to Mr. Callaway of options over1,000,000 ordinary shares at 22.5p per share, there are no updated disclosuresto be made in respect of the appointment of Mr. Callaway under rule 17 and underSchedule 2 paragraph (g)) of the AIM rules. Current Directorships Mr. Callaway is currently a non-executive director of the following companies: BETonSPORTS plc Joined May 2005 Aim QuotedCCO Capital PLC Joined March 2005 Aim QuotedPerspective Capital PLC Joined March 2005 Aim QuotedNBCC PLC Joined July 2005 Ofex Quoted Mr. Callaway has also been a director and trustee of Southend on Sea Derby andJoan Organisation, a charity, since March 2005. Past Directorships Evolution Securities Ltd Resigned December 2004 Further information: Sterling Energy plc +44 1582 462 121Harry Wilson, Chief ExecutiveGraeme Thomson, Finance Director Citigate Dewe Rogerson +44 207 638 9571Media enquiries: Martin Jackson / George CazenoveAnalyst enquiries: Nina Soon www.sterlingenergyplc.com Ticker Symbol: SEY This information is provided by RNS The company news service from the London Stock Exchange