Business
Board Reorganisation and Grant of Options
Board Reorganisation and Grant of Options.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n Board Reorganisation and Grant of Options\n Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce that Mr Simon Oddie has agreed to take on the role of Chief Executive Officer of the Company on a permanent basis. Concurrently, Mr Oddie is stepping down from his position as non-executive Chairman of Europa and will be replaced by senior non-executive Director, Mr Brian O’Cathain. The above changes are effective immediately.\n Background on Simon Oddie\n Mr Oddie, who joined the Board as non-executive Chairman in January 2018, was appointed Interim CEO in November 2019. Simon, an engineer, has more than 40 years of relevant experience as a petroleum engineer, technical consultant, manager and investment adviser in upstream oil and gas. He has worked with Schlumberger, ERC Energy Resource Consultants, Enterprise Oil and Gemini Oil and Gas Advisors LLP.\n He was CEO of Enterprise Italy during its first operated exploration drilling both on and offshore. Simon more recently was the architect of the Gemini Oil and Gas royalty funds where he established a solid track record in fundraising, investor relations, and origination, evaluation and execution of oil and gas deals.\n Background on Brian O’Cathain\n Mr O’Cathain, who joined the Board as non-executive Director in January 2018, is a geologist and petroleum engineer with over thirty years’ experience in senior technical and commercial roles in upstream oil and gas exploration and production companies, including Shell International, Enterprise Oil and Tullow Oil.\n He has experience in working in West Africa, North Africa, onshore Europe and the North Sea. He was the Chief Executive of Petroceltic International plc from 2007 to 2016. During this period Petroceltic discovered the Ain Tsila gas condensate field in Algeria, and concluded a nil-premium merger with Melrose Energy. Prior to this he served as Chief Executive of Afren plc from 2005 to 2007. He served as the Managing Director of Enterprise Oil Ireland at the sanction of the Corrib Gas Field development.\n Grant of Options\n The Board of Directors has ...