Regal Petroleum PLC
16 April 2008
16 April 2008
REGAL PETROLEUM PLC
('Regal' or 'the Company')
Appointment of Non-Executive Chairman
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 Keith Henry as Non-Executive Chairman of the Company with
immediate effect.
Mr Henry, aged 63, has over 34 years experience in the development, financing,
design, construction and management of projects in the oil and gas, process,
pipeline, energy and construction industries, during which time he was Chief
Executive of National Power Plc, Kvaerner Engineering and Construction Limited
and Brown & Root Limited. He previously served as Deputy Chairman of Petroleum
Geo-Services ASA from 2003 and then as Chairman of Petrojarl ASA in 2006. He
also served as a non-executive director of South East Water Ltd from 2005 to
2007, of Enterprise Oil plc from 1995 to 2002 and of First Calgary Petroleums
Ltd from 2007 to March 2008 and has been nominated to rejoin the board of First
Calgary Petroleums Ltd as a non-executive director with effect from 18 April
2008.
In recent years, Mr Henry has held a number of senior non-executive roles,
including Chairman of Burren Energy plc for three years until the sale of the
company to Eni SpA in January 2008. He is currently the senior independent
non-executive director of Emerald Energy plc and a non-executive director of
four privately owned companies. Mr Henry is a Fellow of the Royal Academy of
Engineering and a chartered civil engineer with degrees from London University
and the University of Birmingham.
The Board of Regal now comprises the following directors:-
Keith Henry (Non-Executive Chairman)
David J Greer (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 J Greer, Chief Executive Officer of Regal, said:
'The appointment of Mr Keith Henry as Non-Executive Chairman of Regal Petroleum
plc further strengthens the Board and, in particular, improves the overall
corporate governance of the Company.'
'Keith is a highly experienced CEO and senior non-executive of substantial
international companies, with many years of main board experience, including
most recently, his Chairmanship of Burren Energy. He is well known and
respected throughout the E&P industry and the City and we look forward to
working with him to deliver and improve both governance and increased value for
Regal's shareholders.'
Mr Henry has an interest in 14,000 ordinary shares in the Company.
There is no information in relation to the appointment of Mr Keith Nicholas
Henry which is required to be disclosed pursuant to Rule 17 of the AIM Rules for
Companies other than as follows:-
Current Directorships
Aegis Defence Services Limited
Emerald Energy plc
HPR Holdings Limited
Number 151 Proprietors Limited
Reynolds Partners Limited
Simon Carves Limited
Past Directorships
Aker Process Limited
Burren Energy plc
Davy Metals Limited
First Calgary Petroleums Limited
Kvaerner E&C Holdings Limited
Kvaerner Engineering & Construction UK Limited
Kvaerner Hammersmith (No.1) Limited
Kvaerner Metals Holdings Limited
Kvaerner Metals International Limited
Kvaerner Metals Limited
Kvaerner Metals Overseas Holdings Limited
Kvaerner Process Overseas Holdings Limited
Kvaerner TH Engineering Limited
Petrojarl ASA
Petroleum Geo-Services ASA
Punj Lloyd Limited
South East Water 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