15 Nov 2010 07:00
15 November 2010
Directorate Changes
Sterling Energy Plc ("Sterling" or the "Company") announces the following board changes:
Mr Richard Stabbins has advised the board that he intends to retire and wishes to step down from the board effective 31 December 2010.
Mr Malcolm Pattinson has been appointed a non-executive director of Sterling effective immediately. Malcolm is a geoscientist with 40 years of experience. Until 2001 he was the vice-president of exploration for Ranger Oil (which became CNR); and prior to this he was exploration vice-president for Hamilton Oil (which became BHP). From 2001 to 2006 Malcolm was a consultant for Tullow Oil. Malcolm is an honorary life member and former chairman of the Petroleum Exploration Society of Great Britain, and was awarded the medal for outstanding achievement in 1996 by the Petroleum Group of the Geological Society. He is the chairman of GTO Limited and has recently stepped down as a director from Aurelian Oil and Gas Plc.
Alastair Beardsall, Sterling's Chairman commented
"I am very pleased to welcome Malcolm as a member of the board. Malcolm has a long and successful career focused on exploration and we look forward to his contributions that will greatly influence and benefit the future of the Company."
"Dick has been a non-executive director of Sterling since January 2007, and served for a period as non-executive chairman. On behalf of the board and shareholders, I thank him for the time and energy he has given to Sterling. His experience as a geologist, influenced by his commercial acumen, has been of great value to Sterling. We wish him all the best in his retirement."
For further information contact:
Sterling Energy Plc (+44 20 7405 4133)
Alastair Beardsall, Executive Chairman
Angus MacAskill, Chief Executive Officer
Web site: www.sterlingenergyplc.com
Evolution Securities (+44 20 7071 4300)
Rob Collins
Chris Sim
There is no information in relation to the appointment of Malcolm Hood Pattinson (aged 67) which is required to be disclosed pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies other than as follows:
- Interest in Sterling Shares
12,810 ordinary shares of 40 pence each in the Company representing 0.01 per cent. of the issued share capital of the Company
- Current Directorships
GTO Limited
MHP Petroleum Limited
- Past Directorships
Aurelian Oil and Gas Plc