The Board of Mediterranean Oil & Gas Plc (AIM: MOG), the
central Mediterranean focused producer, developer and
explorer of oil and gas assets, is pleased to announce the
appointments of Keith Henry as non executive Chairman of the
Company, and of Jake Ulrich as a non executive director of
the Company. Both appointments are with immediate effect.
Matthew Clarke has stepped down as Interim Chairman and
resumed his duties as a non executive director of the
Company. The Board would like to thank Matthew for his
contribution in this role.
Keith Henry has a wealth of experience gained over more than
35 years in the development, design, construction and
management of projects and major companies in the oil and
gas, power and service industries. During this period he was
Chief Executive of National Power plc, a FTSE 100 company,
Brown & Root Limited, and Kvaerner Engineering & Construction
Limited.
As a non-executive director within the oil and gas sector,
Keith has held the roles of Chairman of Burren Energy plc,
overseeing the sale to ENI SpA ("ENI") in 2008 for
approximately £1.8 billion, and director of First Calgary
Petroleums Limited, which was also sold to ENI in 2008 for
approximately
£600 million. Keith was the senior independent director of
Emerald Energy plc for five years,
supporting the sale of the company to Sinochem for £530
million in 2009 and, as Chairman, he led the de-merger from
Petroleum Geo-Services ASA of the floating production and
storage company Petrojarl ASA, listing the company on the
Oslo Stock Exchange. He was a director of Enterprise Oil plc
from 1997 to 2002.
Outside of the oil and gas sector, Keith has held a number of
other non-executive roles, including Chairman of Helius
Energy plc, director of South East Water Ltd, and Deputy
Chairman of Aegis Defence Services Limited.
Keith is currently the Chairman of Regal Petroleum plc, the
senior independent director of Sterling
Energy plc and a non executive director of HPR Holdings
Limited.
A BSc graduate from the University of London and holding a
MSc from Birmingham University, Keith is a Fellow of the
Institution of Civil Engineers, and a Fellow of the Royal
Academy of Engineering.
Jake Ulrich is also highly experienced in the energy industry
and was Senior Energy Advisor to Och Ziff Management Europe
Ltd from 2008 to 2011, where he co-managed the internal
private energy fund, with responsibility for sourcing and
managing investments in upstream, midstream, energy services
and new energy in Europe and North America.
Jake retired from the board of Centrica Plc in 2008, where he
was an executive director, responsible for upstream, power
generation, renewables, trading and European operations.
Prior to joining Centrica in 1997, he was an executive at
NGCH (later Dynergy). He also worked for the
OXY/MidCon/Peoples Group in business development, planning
and system design. Mr Ulrich has
B.S. Engineering from the University of Maryland and an MBA
from the University of Chicago. Matthew Clarke commented:
"We are delighted that Keith has agreed to become our Chairman, bringing his extensive experience
of both running and chairing oil and gas businesses to our Board. His broad expertise will prove invaluable to the Company and I am looking forward to working with him. With our revenues significantly increased by the Guendalina field coming on stream, and a debt free balance sheet, the appointment of a chairman with such credentials is a further important milestone for the Company.
Jake's appointment is also extremely good news. He has deep knowledge and experience of the sector and I am certain that he will make a very valuable contribution as we take the Company forward in 2012 and beyond."
Keith Henry commented:
"I am very pleased to assume the role of Chairman of MOG at this stage of the company's strategic development and I look forward to working with the Board, the MOG team, and our shareholders during what I am sure will be a very busy and exciting time as the Company advances on a number of fronts."
Keith Nicholas Henry, aged 66, has held the following directorships during the last five years:
• Current Directorships: Sterling Energy plc, Regal Petroleum plc and HPR Holdings Ltd
• Past Directorships in the last five years: Helius Energy plc, Aegis Defence Services Limited, Reynolds Partners Limited, Emerald Energy plc, Simon Carves Limited, First Calgary Petroleums Limited, Petrojarl ASA, Burren Energy plc, South East Water Limited.
Keith Henry was a non-executive Director of Reynolds Partners
Limited that went into creditors' voluntary liquidation in
July 2010. He had resigned from that role in February 2010
due to a conflict of interest with his role as Chairman of
Helius Energy plc.
Jacob Shields Ulrich, aged 58, has held the following
directorships during the last five years:
• Current Directorships: Vostok Energy Limited, Mitra Energy Limited, Astrakhan Oil
Corporation, Peak Motorsport Limited.
• Past Directorships in the last five years: Centrica Plc
Save for the above, there is no further information that is required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies, with respect to the appointments of Keith Henry and Jacob Shields Ulrich.
ENQUIRIES: Mediterranean Oil & Gas Plc www.medoilgas.com Mediterranean Oil & Gas Plc
Keith Henry, Chairman Tel: +44 7860 499 628
Sergio Morandi, CEO Tel: +39 06 99589179
Chris Kelsall, Finance Director Tel: +44 789 1040 658
Katherine Roe Tel: +44 (0)207 459 3600
Brett Jacobs
Nick Morgan
Pelham Bell PottingerArchie Berens Tel: +44 (0)207 861 3112 / (0)7802 442 486
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