Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
9 August 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Proposed Independent Non-Executive Director Appointment
Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, is pleased to announce that it intends to appoint Mr Alasdair Buchanan, a highly experienced upstream oil and gas professional, to the Board of Prospex as an independent Non-Executive Director.
Alasdair's appointment as a director is conditional on the satisfactory completion of the Company's nominated adviser's due diligence processes, which are now underway. A further announcement is expected to be made in this regard in the coming weeks.
Alasdair has 40 years' experience in the upstream oil & gas industry. Most recently he was Global Energy Director at Lloyds Register and was Chief Operating Officer and a director of Senergy Group plc, the global provider of sub-surface drilling and project management services, responsible for 750 employees. Alasdair was also a non-executive director of Warrego Energy from 2014-2019 prior to its public listing on the ASX. Alasdair worked for Halliburton for three years in
Alasdair has a BSc (Hons) in Chemical Engineering from the University of
Bill Smith, Chairman of Prospex commented:
"Subject to completion of the necessary due diligence process, we are extremely pleased to welcome Alasdair to the Board of Prospex. His background in the upstream service industry sector will bolster the technical and operational capability of the Board. He also brings a wealth of experience at senior executive and board director level with multi-national global service companies. Prospex will continue to develop the existing asset base and take advantage of new opportunities and Alasdair brings a depth of experience to the team for the benefit of all shareholders."
This announcement contains inside information.
For further information visit www.prospex.energy or contact the following:
Mark Routh |
Prospex Energy PLC |
Tel: +44 (0) 20 3948 1619 |
Rory |
Strand Hanson Limited
|
Tel: +44 (0) 20 7409 3494 |
Colin Rowbury |
Novum Securities Limited |
Tel: +44 (0) 20 7399 9427 |
Duncan Vasey |
Peterhouse Corporate Finance |
Tel: +44 (0) 20 7469 0932 |
Frank Buhagiar |
St Brides Partners Ltd
|
Tel: +44 (0) 20 7236 1177 |
Notes
About Prospex Energy
Prospex Energy PLC is an AIM quoted investment company focussed on high impact onshore and shallow offshore European gas and power opportunities. The Company acquires undervalued projects and then applies low-cost re-evaluation techniques to identify and de-risk prospects. Prospex currently holds a portfolio of three projects: the Podere Gallina Permit in
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.