Board and Management Appointment

RNS Number : 1521I

Sterling Energy PLC

23 March 2015

 



23 March 2015

Board and Management Appointment

Sterling Energy Plc ("Sterling" or the "Company") is pleased to announce the appointment of Mr Eskil Jersing as Chief Executive Officer ("CEO") and a director of Sterling Energy Plc; the appointment is effective immediately.

Eskil's career to date spans some 29 years working Exploration, New Ventures, Strategy-Planning and Business Development roles of increasing responsibility in the world's key Petroleum basins (North Sea, Deep Water Gulf of Mexico, Brazil, Africa, SE Asia and Australasia). Eskil has led multi-disciplinary integrated teams, executed new country entries, secured major leasehold positions, in addition to discovering and monetising a number of oil and gas accumulations.

Eskil holds a BSc in Geophysics from University College Cardiff and an MSc in Petroleum Geology from Imperial College London. He started his career in the oil and gas industry in 1985 as a Field Seismologist with SSL in Papua New Guinea. From 1993 to 2009 he worked for Enterprise Oil (London, Aberdeen, Houston, and Brazil), and following the takeover, Shell International (Houston); initially as a Senior Geophysicist, moving on to be the Gulf of Mexico Exploration Strategy and Planning Manager and finally as the Gulf of Mexico Paleogene Exploration Manager. In 2009 Eskil joined Marathon Oil (Houston) as their Exploration Manager (Conventional New Ventures) Worldwide and subsequently Apache Corporation (Perth) as Director Worldwide Exploration and New Ventures Asia Pacific. Most recently he was Head of New Ventures and Co-Head of Mergers & Acquisitions at Petrobras Oil & Gas BV (Rotterdam) 

Alastair Beardsall, Sterling's Chairman commented

"I am very pleased to welcome Eskil as our CEO and as a member of our board; his specialist oil and gas experience, excellent business skills, and clear focused leadership will strengthen our ability to progress our existing exploration portfolio and identify new venture opportunities."

Alastair Beardsall who has been undertaking the role of Interim CEO will continue to be Sterling's Executive Chairman and will reduce his working time commitment accordingly.

Further Information

Further information can be found on Sterling Energy's website at www.sterlingenergyplc.com or:

Sterling Energy Plc                                                                          ([phone])

Alastair Beardsall (Chairman)

Peel Hunt LLP                                                                                    ([phone])

Andy Crossley
Richard Crichton

In accordance with the AIM Rules, the following information required to be disclosed is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Full name and age:	Ib Eskil Jersing, aged 51
Current shareholding in the Company:	Nil
Current Directorships:	Eskoil Ltd
Former Directorships (previous 5 years):	None

 

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