Last checked at 9 May 2011 07:00
SOUND OIL PLC
("Sound Oil" or "the Company"")
APPOINTMENT OF NEW DIRECTOR
The board of directors of Sound Oil is pleased to announce the appointment of Andrew Raymond Hockey as a non-executive director of the Company with effect from today.
Mr. Hockey has worked in the energy industry for more than 25 years, both as a petroleum geologist and as an asset manager. He is currently General Manager, Joint Ventures and New Business at Fairfield Energy Limited which he joined from Eni in Milan where he worked on the Kashagan Project between 2002 and 2005. Before joining Eni, Mr. Hockey was responsible for Lasmo plc's portfolio in Algeria, Tunisia and Morocco. He was previously employed as Exploration Manager, Algeria for Monument Oil and Gas and also worked as an exploration geologist for Fina in the North Sea and internationally.
Mr. Hockey has a BA Honours in Geology from Worcester College, Oxford University and an MSc in Petroleum Geology from Imperial College, London University.
Gerry Orbell, Chairman and Chief Executive of Sound Oil, commenting on the appointment, said:
"We are delighted to have appointed someone of Andrew's calibre to the board. He is very much a hands-on explorationist with a track record of finding oil and gas and developing large projects. He is currently focussed on the North Sea but also has a fund of knowledge and experience from a number of countries within the Mediterranean area and South East Asia. I believe his knowledge and advice will be invaluable as we seek further to exploit our asset base."
For further information please contact:
Sound Oil Gerald Orbell, Chief Executive
|
Tel: +44 (0)7903 861 145
|
Buchanan Communications Tim Thompson Ben Romney Chris McMahon
| Tel: +44 (0)207 466 5000
|
finnCap Sarah Wharry Henrik Persson | Tel: +44 (0)207 600 1658 |
Notes to the above:
Mr. Andrew Raymond Hockey, aged 51, has been a director or partner of the following companies or partnerships in the last five years:
Current Directorships | Past Directorships |
Fairfield Acer Limited | None |
Fairfield Betula Limited | |
Fairfield Cedrus Ltd | |
Fairfield Fagus Limited |
Mr. Hockey has been granted options over 1,000,000 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") exercisable between 1st June 2011 and 31st May 2016 at a price of 4.95p per Ordinary Share.
Mr. Hockey has confirmed that there is no additional information to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules.