Result of EGM

RNS Number : 7925J
Gold Oil PLC
10 August 2012
 

Gold Oil PLC

 

("Gold Oil" or the "Company")

 

Result of EGM / Appointment of Directors

 

 

Dated: 10 August 2012

 

Gold Oil, the AIM-listed oil and gas exploration and production company, (AIM: GOO), with a primary focus on Latin America, announces that at the general meeting held today all resolutions were passed and the Company accordingly announces the appointment of Rudolph Berends and Camilo Merendoni as Directors of Gold Oil.

 

A poll was taken on each resolution and the results of the poll were as follows:

 



VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

1

To appoint Rudolph Berends

283,038,779

62.96

166,501,003

37.04

449,539,782

50.42%

18,441,741

2

To appoint Camilo Merendoni

279,909,067

62.43

168,480,715

37.57

448,389,782

50.30%

19,591,741

 

The Company also announces that on 9 August 2012, Julian Garcia resigned as a director of the Company with immediate effect and that shortly after the conclusion of the General Meeting today, Mike Neville and William Daily also resigned as directors.

 

The new directors intend to seek the appointment of additional independent directors to establish a board of the Company which is appropriate for the Company's needs as a company admitted to AIM.  The Company intends to be in a position to update shareholders on this shortly.

 

Details on the two new directors are as follows:

 

Rudolph Berends, aged 66, has 39 years experience in the oil and gas industry. He started with Shell as an explorationist and has more than 20 years experience in Latin America where he has been the CEO/President of various public and private companies. Rudolph has a Doctoral degree in

Geology/Geophysics and a BSc in Economics from universities in the Netherlands and the United States.

 

The following are details of all current and former directorships in the previous five years held by Rudolph Berends:

 

Full Name: Rudolph Berends

 

Current Directorships

Former Directorships

Blitzen Energie Ltd

Petrolatina Energy plc

ANDES ENERGIA PLC

Petrolatina (CA) Limited


Taghmen Argentina Limited


Northwood Petroleum S.A.

 

There are no further details to be disclosed under Rule 17 schedule 2 paragraph (g) of the AIM Rules in relation to Rudolph Berends.

 

Camilo Merendoni, aged 79, has 49 years of diversified experience in the Oil and Gas industry. He started as a Petroleum Engineer with Texas Petroleum Company in Colombia and has worked mainly in Latin America, the Middle East and Cental Asia. His career included stints with Ecopetrol, Petrobras, Hocol, Shell and Bridas Energy. He has degrees in Petroleum Engineering from Pittsburgh University and Advanced Management from Universidad de los Andes.

 

There are no further details to be disclosed under Rule 17 schedule 2 paragraph (g) of the AIM Rules in relation to Camilo Merendoni.

 

Enquiries

 

Rudolph Berends

 


Gold Oil Plc


Jonathan Wright

(Corporate Finance)

Richard Redmayne

(Corporate Broking)

 

+44 (0) 207 107 8000

Seymour Pierce Ltd

Nominated Adviser

& Joint Broker

 

Hugh Sanderson / Travis Inlow

 

+ 44 (0) 20 7448 0200

FirstEnergy Capital LLP

Joint Broker

Tim Thompson/Helen Chan/Ben Romney

 

+ 44 (0) 20 7466 5000

Buchanan

Financial PR

 

Updates on the Company's activities are regularly posted on its websitewww.goldoilplc.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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