CFO Appointment

5 Sep 2007 07:01

Petroneft Resources PLC05 September 2007 PetroNeft Resources plc Chief Financial Officer Appointment PetroNeft Resources plc ('PetroNeft' or 'the Company'), the oil exploration andproduction company with assets in Tomsk Oblast, Western Siberia, is pleased toannounce the appointment of Mr. Paul Dowling as Chief Financial Officer. Paulbrings a wealth of experience and will be a welcome addition to the managementteam as the Company continues to grow. He will commence employment with theCompany on 1st October 2007 and will be located in Dublin. His summary resumeis as follows. Paul Dowling, Chief Financial Officer, is aged 35 and has 16 years experience inthe areas of banking, accounting, auditing, taxation, financial reporting, AIM/IPO reporting, corporate restructuring, corporate finance and acquisitions/disposals. Most recently he was a Partner in the firm LHM Casey McGrath locatedin Dublin. Mr. Dowling has worked in a number of industries and has significantexperience in the Natural Resources sector. He is a fellow of the Associationof Chartered Certified Accountants (ACCA) and a member of the Irish TaxationInstitute. He currently represents the ACCA with the Consultative Committee ofAccountancy Bodies - Ireland (CCAB-I). Dennis Francis, CEO of PetroNeft Resources plc commented: "We are delighted that Paul has accepted our offer to become CFO of the Company. Paul is well known to the management team and will be able to make immediateand long term contributions to our activities." September 5, 2007 For further information please contact: Dennis Francis, CEO, PetroNeft Resources plc (Houston)+1 713 988 2500 Desmond Burke, Director Investor Relations, PetroNeft Resources plc (Ireland)+353 52 53226 John Frain / Brian Garrahy, Davy+353 1 679 6363 Damien Mauvais, Natixis Bleichroeder+44 207 220 5184 Nick Elwes/Paddy Blewer, College Hill (UK)+44 207 457 2020 This information is provided by RNS The company news service from the London Stock Exchange