RNS Number : 8746D
Desire Petroleum PLC
30 March 2011
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Desire Petroleum plc
Directorate Change
The Board of Desire Petroleum plc ("Desire") is pleased to announce the appointment of Mr Ken Black as Exploration Director.
Aged 51, Ken is a petroleum geoscientist with 30 years experience in the oil industry. He began his career as a geophysicist with BNOC/Britoil before moving to Clyde Petroleum Plc where he became an exploration team leader. In 1994 he moved to Production Geoscience Limited (PGL). As a director in the business from 1996, he helped grow PGL into a renowned subsurface consultancy, providing global geosciences services in exploration and development. He was appointed a director Senergy Holdings Limited following the merger with PGL in 2007.
In October 2010 he was appointed Exploration Manager for Desire having previously worked on the licences for a number of years through Senergy/PGL.
Stephen Phipps (Chairman) said:
"I am delighted that a professional of Ken Black's stature has joined the Desire Board. The appointment underlines Desire's belief in, and commitment to, exploration in the North Falkland Basin. Ken has been familiar with Desire's prospects over the five years that he has worked on our behalf, initially as a consultant, and latterly since October 2010 as our Exploration Manager. He brings a wealth of Falkland oil experience to the Board."
For further information please contact:
Desire Petroleum plc
020 7436 0423
Stephen Phipps, Chairman
Dr Ian Duncan, Chief Executive Officer
Seymour Pierce Limited
020 7107 8000
Jonathan Wright/Stewart Dickson, Corporate Finance
Richard Redmayne / Paul Jewell, Corporate Broking
Buchanan Communications
020 7466 5000
Ben Romney
Tim Thompson
Chris McMahon
In addition to his directorship of the Company, Kenneth Thomas Black, is, or has been, a director of the following companies at any time in the previous five years.
Current directorships:
None
Past Directorships:
Banchory Squash Rackets Club Ltd
Interactive Petrophysics Ltd
Senergy (GB) Ltd
Senergy Holdings Ltd
Ternan Ltd
• Ken Black currently holds no ordinary shares in the Company. He was awarded 500,000 share options exercisable at 98.75p on his appointment as Exploration Manager in 2010.
• Under schedule two, paragraph g, of the AIM Rules there is nothing further to disclose.
This information is provided by RNS
The company news service from the London Stock Exchange
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