Directorate Change

RNS Number : 5892V

Cadogan Petroleum PLC

04 November 2010

 

CADOGAN PETROLEUM PLC

("Cadogan" or "the Company")

Appointment of Chief Financial Officer and Director

The Company is pleased to announce the appointment of Gordon Stein as Chief Financial Officer ("CFO").  Gordon will join the Board as a Director with immediate effect. 

Gordon Stein, 51, is a member of the Chartered Institute of Public Finance & Accountancy and was previously CFO and a founder of Vanguard Energy Limited, an upstream oil company focused on the North Sea and North Africa.  Preceding this, he was CFO of Regal Petroleum plc from January 2007 to January 2008 and he has also held senior financial and operational management positions in Fairfield Energy Limited, Acorn Oil & Gas Limited, LASMO plc, Monument Oil & Gas plc, Centrica plc and BG plc. Gordon has over 21 years' experience in the upstream oil and gas sector in the UK and internationally, including Ukraine, Tunisia, Venezuela, Algeria and Turkmenistan.

Commenting on the appointment, Ian Baron, Chief Executive Officer, said:

"I am delighted to announce the appointment of Gordon to the Cadogan management team and I am sure his expertise will bring immediate value to the Company. He has an in depth understanding of small to mid-cap company operations in the upstream oil and gas sector and has past experience of Ukraine. He has also been involved in a significant number of international transactions and his reputation and relationships with the oil and gas financial community and investors will be invaluable in rebuilding Cadogan."

Mr Stein was a director of African Minerals Limited (formerly Sierra Leon Diamonds Limited), a Company listed on AIM, from 8 January 2007 to 9 October 2007. In accordance with UKLA LR 9.6.13 sections 2-6 the Company advises that Mr Stein was a director of Acorn North Sea Limited which went into voluntary administration in June 2005 until June 2006, when it was acquired by one of its parent company's investors in agreement with the creditors. The formal report of the administrator found no fault with the actions taken by the directors. There are no other items to disclose.

Enquires

Cadogan Petroleum Plc		[phone]
Ian Baron, CEO
Stefan Bort, Company Secretary
Matrix		[phone]
Robin Henshall
James Pope
Bankside Consultants		[phone]
Simon Rothschild
Rose Oddy

 

END

 

 

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