Tullow Oil PLC
24 October 2007
News release
Rohan Courtney, Non-Executive Director, to resign from Tullow
24 October 2007 - Tullow Oil plc ('Tullow') announces that Rohan Courtney, the
Group's Senior Independent Director, and Chairman of the Audit Committee, is to
step down from the Board on 31 December 2007.
Mr. Courtney joined Tullow, and became chairman of the Audit Committee in 1993
when it was an Irish listed company and became Senior Independent Director in
2000.
Mr. Courtney's role as Chairman of the Audit Committee will be filled by David
Williams who joined the Board in 2006, and as Senior Independent Director by
Steven McTiernan who joined in 2002. The Nominations Committee of the Board
intends to appoint external advisors to commence a search to fill the vacancy
created by Mr. Courtney's resignation.
Mr. Courtney has agreed to remain on Tullow's Corporate and Social
Responsibility Committee and as a Trustee of one of the Tullow Group's pension
funds.
Commenting today, Pat Plunkett, Chairman of Tullow said:
'Rohan Courtney has played a very large part in Tullow's development and his
experience in banking and finance has been of immense assistance to Tullow
throughout his 14 year tenure. Rohan joined the Board when Tullow had a market
capitalisation of £35 million and he has played an important role in each of the
key milestones in our history.
We thank him for his support of the business and management, his independence of
mind and constructive challenge to the Board and particularly his effective
Chairmanship of our Audit Committee through this critical phase of Tullow's
existence. While Rohan is leaving our Board, I am very pleased he is not ending
his wider relationship with Tullow as he will remain on our CSR Committee and as
a Trustee of one of our pension funds.'
For further information contact:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 1000) (+44 20 7638 9571) (+353 1 498 0300)
Martin Jackson Joe Murray
Aidan Heavey
Kate Delahunty
Tom Hickey
Graham Martin
Notes to Editors
Tullow is a leading independent oil & gas, exploration and production group,
quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a
constituent of the FTSE 100 Index. The Group has interests in 120 exploration
and production licences across 23 countries and focuses on four core areas:
Europe, Africa, South Asia and South America.
Tullow's European interests are primarily focused on gas in the UK Southern
North Sea where it has significant interests in the Caister-Murdoch System and
the Thames-Hewett areas and operates over 70% of its production.
In Africa, Tullow has exploration and production in Gabon, Cote d'Ivoire, Congo
(Brazzaville), Mauritania and Equatorial Guinea and a gas field development in
Namibia. Tullow also has exploration programmes in Mauritania, Senegal,
Cameroon, Uganda, Congo (DRC), Tanzania, Madagascar, Angola and Ghana.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh
and high impact exploration activities in India.
In South America Tullow has high impact exploration interests in Trinidad and
Tobago, French Guiana and Suriname.
Mr. Courtney intends to devote more time to his other business interests,
including the UCG (Underground Coal Gasification) Partnership of which he was
co-founder and is a Director.
For further information please refer to our website at www.tullowoil.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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