Appointment of Independent Non-Executive Director

RNS Number : 0708U

Independent Oil & Gas PLC

10 July 2018

 

10 July 2018

Independent Oil and Gas plc

Appointment of Independent Non-Executive Director

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the appointment of Fiona MacAulay to the Board of IOG as Independent Non-Executive Director effective immediately.

Fiona is a Chartered Geologist with over 30 years' experience in the Upstream oil and gas sector including key roles in several leading oil and gas firms across the large, mid and small cap space, including Mobil, BG, Amerada Hess and Rockhopper.  She is currently the CEO of AIM-listed Echo Energy Plc, which is successfully growing a full cycle exploration and production portfolio in Latin America.  She is also a non-executive director of South East Asia - focused Coro Energy Plc.  Fiona also currently serves as the European President of the American Association of Petroleum Geologists.

Mark Routh, Chairman of IOG commented:

"We are extremely pleased to welcome Fiona to the IOG Board of Directors.  She brings a wealth of operational and technical expertise to our Board.  Moreover, she is well versed in all aspects of directorship of listed energy companies, being both a current CEO and a non-executive director of other AIM listed oil & gas companies.

We look forward to working closely with Fiona as the Company progresses to the operational phase of its dual hub gas project and further develops its Southern North Sea gas portfolio."

-ENDS-

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Fiona MacAulay

Fiona Margaret MacAulay (aged 55) has been a director of the following companies during the five years preceding the date of this announcement: -

Current directorships

ECHO ENERGY PLC

CORO ENERGY PLC

ECO ENERGY TA OP LTD

ECO ENERGY CDL OP LTD

ECHO ENERGY TAPI AIKE LTD

ECHO ENERGY C D AND LLC LTD

ECHO ENERGY ARGENTINA HOLDINGS LIMITED

INDEPENDENT RESOURCES (SAHARA) LIMITED

INDEPENDENT RESOURCES (TUNISIA) LIMITED

INDEPENDENT RESOURCES (KSAR HADADA) LIMITED

ECHO ENERGY BOLIVIA (HOLD CO 1) UK LTD

ECHO ENERGY BOLIVIA (HOLD CO 2) UK LTD

ECHO ENERGY BOLIVIA (OP CO 1) UK LTD

ECHO ENERGY BOLIVIA (OP CO 2) UK LTD

ECHO ENERGY HOLDINGS (UK) LTD

Previous directorships

FALKLAND OIL AND GAS LIMITED

ROCKHOPPER CROATIA LIMITED

ROCKHOPPER RESOURCES LIMITED

ROCKHOPPER EXPLORATION (OIL) LIMITED

ROCKHOPPER EXPLORATION (HYDROCARBONS) LIMITED

ROCKHOPPER EXPLORATION (PETROCHEMICALS) LIMITED

ROCKHOPPER EXPLORATION PLC

DESIRE PETROLEUM LIMITED

ROCKHOPPER CIVITA LIMITED

ROCKHOPPER MEDITERRANEAN LIMITED

ROCKHOPPER EGYPT PTY LIMITED

ROCKHOPPER ITALIA SPA

MALTA OIL PTY LIMITED

MELITA EXPLORATION COMPANY LIMITED

There is no further information to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Independent Oil and Gas plc Mark Routh (Chairman) Andrew Hockey (CEO) James Chance (CFO)	[phone]
finnCap Ltd Christopher Raggett / Anthony Adams (Corporate Finance) Camille Gochez (Corporate Broking)	[phone]
Camarco Georgia Edmonds / Tom Huddart / Monique Perks	[phone]

About Fiona MacAulay:

Fiona is a geologist by training with over 30 years varied experience with both major and independent oil companies including Mobil, Amerada Hess, BG (where she was responsible for the UK & International Exploration Operations Geology Group) and more recently Rockhopper Exploration and Echo Energy.

She initially trained with Mobil, working on North Sea projects in London and Aberdeen for five years, including some West of Shetlands activity, before moving to Amerada Hess to gain wider responsibilities.  After working with Amerada Hess for a year, she followed the Exploration Manager to BG and was involved in their rapid, international expansion moves.  Indeed, in her seven-year stay with BG, she worked in Bulgaria, Pakistan, Yemen, Russia, Vietnam, Trinidad and Singapore, holding increasingly more senior positions.

In 2010 Fiona joined Rockhopper where she was fully involved in all of the exploration activity, as well as fulfilling her Executive Director responsibilities following her appointment to the Board in March 2013.  She was an integral member of the Rockhopper senior management team managing the exploration and appraisal of the Sea Lion field and subsequent satellite Fields in the Falklands.

More recently, Fiona has been appointed to the Board of Echo Energy plc as Chief Executive Officer and serves as a non-executive director at Coro Energy plc.

Fiona has an MSc in Sedimentology from Reading University and a BSc in Geology from University College, London.  She is a Chartered Geologist, a Fellow of the Geological Society, a Certified Petroleum Geologist (DPA) and is President AAPG Europe (American Association of Petroleum Geologists).

About Independent Oil and Gas:

IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea.  The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio (2P Reserves of 303 bcf) via an efficient hub strategy.  Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns.  All IOG's licences are owned 100% and operated by IOG.

Further information can be found on www.independentoilandgas.com

 

END

 

 

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