21 Dec 2010 07:00
For Immediate Release
21st December 2010
LENI GAS AND OIL PLC
("LGO" or the "Company")
Board Change
Leni Gas and Oil plc, the international oil and gas production, development and exploration company today announced that Jeremy Edelmen, an Executive Director, has advised the Company he will be stepping down from the LGO Board effective from the 23rd December 2010, in order to focus on other business interests overseas.
Mr. Edelmen has been a Director of LGO since the IPO in 2007. The Board has already commenced a search for suitable directors to complement the skills of the existing team with a focus on further strengthening the oil and gas sector experience of the Board and expects to announce the appointment of a non-executive director during the first quarter of 2011.
David Lenigas, Chairman, commented:
"We are naturally sad to see Jeremy step down from the Board, but are extremely grateful for his contribution over the last 4 years, during which he has played a major role in helping us establish the company. We wish him the very best of luck in his future endeavours."
Following this change, the Company's Board of Directors comprises:
David Lenigas - Chairman
Neil Ritson - Chief Executive Officer
Fraser D.S. Pritchard - Chief Operating Officer
Donald Strang - Finance Director
Enquiries:
Leni Gas & Oil plc
David Lenigas, Executive Chairman
Neil Ritson, Chief Executive Officer
Tel +44 (0) 20 7440 0645
Beaumont Cornish Limited
Roland Cornish / Rosalind Hill Abrahams
Tel +44 (0) 20 7628 3396
Pelham Bell Pottinger
Mark Antelme / Henry Lerwill
Tel + 44 (0)20 7861 3232
NOTES TO EDITORS
Leni Gas & Oil Plc is an international oil and gas exploration, development and production company headquartered in London, trading on the London Stock Exchange's AIM index. LGO's strategy is to acquire projects and businesses within the oil and gas sector that contain a development premium which can be unlocked through a combination of financial, commercial, and technical expertise.