18 Dec 2014 14:00
18 December 2014
STERLING ENERGY PLC
Directorate and Management Changes
Sterling Energy Plc ("Sterling", the "Company" or the "Group"), (AIM: SEY), an upstream exploration company with interests in Africa, advises that Dr Phil Frank has notified the board of his intention to resign as Exploration Director and as a Director of the Company.
Dr Phil Frank joined Sterling in 2011 and has guided the Company through its exploration activity including the drilling of the Bamboo #1 well in Cameroon. In addition he secured Sterling's entry into the Odewayne project in Somaliland. Dr Frank has decided that now is an appropriate time for him to stand down and has tendered his resignation.
Mr Matthew Bowyer has been appointed as Sterling's Exploration Manager with immediate effect and will be responsible for both the exploration activities on the Company's existing assets and identifying potential new venture opportunities. Matthew joined Sterling in 2012 as part of the exploration team and has more than 18 years of exploration experience with large and small upstream companies in many of the sub-surface basins in Africa.
After a transition period Dr Frank is expected to leave the company during Q1 2015.
Alastair Beardsall, Sterling's Chairman said:
"Phil has used his broad experience to assist the Company in both exploring its existing assets and also identifying possible new ventures. I have enjoyed working with Phil at Sterling and on behalf of the board and shareholders would like to record our thanks to him and to wish him well in the future.
I look forward to working with Matthew who has a wealth of experience to apply in our search for new opportunities"
Further information: | |
Sterling Energy Plc | (+44 20 7405 4133) |
Alastair Beardsall, Chairman
| |
Peel Hunt LLP | (+44 20 7418 8900) |
Richard Crichton Andy Crossley |