Regal Petroleum PLC
15 April 2008
15 April 2008
REGAL PETROLEUM PLC
('Regal' or 'the Company')
Appointment of Finance Director
And Chief Technologist
Regal Petroleum (AIM: RPT), the independent oil & gas exploration and production
company with interests in the Ukraine, Romania and Egypt, is pleased to announce
the appointment of Mr Robert Wilde as Finance Director of the Company with
effect from 1 May 2008 and the appointment of Mr Ronan McElroy as Chief
Technologist.
Mr Wilde (aged 43) has over 20 years experience in the energy industry, having
worked in upstream, oil & gas, with Phillips Petroleum and Ranger Oil and also
in the downstream power generation sector with Powergen and RWE. He has held a
number of senior finance and managerial roles in respect of projects in Hungary,
Germany, Italy, Portugal and Russia. Most recently, Mr Wilde was Finance
Director of Baltic Oil Terminals Plc, having taken that company to IPO on the
AIM market in 2006. He is a graduate in Geology & Geophysics from Imperial
College, London and qualified as a chartered accountant with Ernst & Young.
Mr McElroy (aged 43) is a geoscientist with over 18 years experience in the
upstream oil industry. He was with Shell for 9 years where, amongst other
projects, he participated in the Guda discovery in Rajasthan, the first onshore
discovery in India by a foreign company for over 50 years. Mr McElroy then
worked for Saudi Aramco at strategic corporate level and most recently was Head
of Production Development for Dubai Petroleum Establishment. He holds a BSc
(Hons) in Geology from the University of Edinburgh and a PhD in Structural
Geology and Sedimentology from the University of Cambridge.
The Board of Regal now comprises the following directors:-
David J Greer (Chairman and Chief Executive Officer)
Harry Verkuil (Chief Operating Officer)
Robert Wilde (Finance Director)
Lord St. John of Bletso (Non-Executive Director)
Antonio Mozetic (Non-Executive Director)
Mr David Greer, Chairman and Chief Executive of Regal, said:
'This latest appointment of Robert Wilde as Finance Director and Ronan McElroy
as Chief Technologist to the new Regal executive management team is further
evidence of Regal's continued commitment to strengthen and reinforce the
executive management team and to improve overall corporate governance.'
'Robert brings a wealth of experience both from the broader energy sector and
the City and he will be of great value to the Company and the Board as we
continue to implement our corporate transformation and advance our field
development and corporate growth plans. Ronan is an excellent geoscientist with
a strong track record of delivery and he brings a pioneering approach to the
application of technology and standards directed at value creation for Regal and
our shareholders.'
Mr Wilde currently has no interest in shares in the Company.
There is no information in relation to the appointment of Mr Wilde which is
required to be disclosed pursuant to Rule 17 of the AIM Rules for Companies
other than as follows:-
Current Directorships
Wilde 4 Limited
Past Directorships
Aveley Methane Limited
Ambient Biomass Limited
Ambient Energy Limited
Ambient Hydro Limited
Baltic Oil Terminals Plc
Baltic Hydrocarbons Limited
Baltic Petroleum (E&P) Limited
Baltic Petroleum Limited
Baltic Terminals Limited
Bidston Methane Limited
Caspian Finance Limited
CEFN Croes Windfarm Limited
Cornwall Biomass Power Limited
Corston Windfarm Limited
Gengas Limited
Mynydd Clogau Windfarm Limited
North Wiltshire Biomass Power Limited
Novera Energy Generation No. 1 Limited
Novera Energy Operating Services Limited
Novera Energy Services UK Limited
Novera Wind Energy Limited
Prysan Windfarm Limited
Suffolk Biomass Power Limited
Tetoil Limited
Tetoil Baltic Limited
Zauralneftegaz Limited
For further information, please contact:
Regal Tel: 020 7408 9500
David Greer, Chairman and CEO
Strand Partners Tel: 020 7409 3494
Simon Raggett / Rory Murphy
Mirabaud Securities Tel: 020 7878 3362
Peter Krens / Pav Sanghera
Citigate Dewe Rogerson Tel: 020 7638 9571
Media enquiries: Martin Jackson
Analyst enquiries: Scott Fulton
This information is provided by RNS
The company news service from the London Stock Exchange
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