Circle Oil PLC Directorate Change (6433B)
08 October 2015 - 7:00PM
UK Regulatory
TIDMCOP
RNS Number : 6433B
Circle Oil PLC
08 October 2015
8 October 2015
CIRCLE OIL PLC
("Circle" or the "Company")
Directorate Change
Circle Oil plc (AIM:COP) the international oil and gas
exploration, development and production company advises that Mark
Eric Williams (42) has been appointed to the Board of Directors as
the nominee of KGL Investment Group, following the resignation of
Mohamad Sultan.
Mark is the Chief Executive Officer of KGL Investment Asia, part
of the Kuwait based KGL Investment Group, a Kuwait based investment
house, which he joined in 2007. He has over twenty years of
experience in operational and financial management, logistics
operations, company restructurings, acquisitions and strategic
planning with extensive experience in the infrastructure, energy,
real estate and logistics industries.
A former investment banker, Mark is a Certified Public
Accountant, with an MBA from the Weatherhead School of Management,
a Juris Doctorate from Case Western Reserve University and
undergraduate degrees in Accounting and Finance.
Commenting on the appointment of Mr Williams to the Board,
Circle's Chairman, Mr Steve Jenkins said:
"I thank Mohamad Sultan for his contribution to Circle Oil and
wish him well in future endeavours. I am pleased to welcome Mark to
our Board and look forward to working with him to further advance
the Company."
Save as set out below there is no further information required
to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules;
Current Directorships Directorships in past 5 years
--------------------------------------- ----------------------------------------
Petra Homes, Inc The Pointe at Wadsworth
--------------------------------------- ----------------------------------------
William Land Holdings Damietta International Port Corporation
--------------------------------------- ----------------------------------------
Williams Property Holdings Negros Navigation
--------------------------------------- ----------------------------------------
Jordan Land Holdings The 2 Go Group, Inc.
--------------------------------------- ----------------------------------------
Caliber Holdings GGDC Holdings Company Caymans
--------------------------------------- ----------------------------------------
Global Gateway Development Corporation
Caymans
--------------------------------------- ----------------------------------------
KGLI Advisory Services Caymans
--------------------------------------- ----------------------------------------
KGL Investment Company Asia (Caymans)
--------------------------------------- ----------------------------------------
GGLC Logistics Park Corporation
--------------------------------------- ----------------------------------------
GGLC Business Park Corporation
--------------------------------------- ----------------------------------------
GGLC Town Center Corporation
--------------------------------------- ----------------------------------------
GGLC Aeropark Corporation
--------------------------------------- ----------------------------------------
GGLC Services Corporation
--------------------------------------- ----------------------------------------
For further information contact:
Circle Oil Plc (+44 20 7182 4913)
Mitch Flegg, CEO
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Shabnam Bashir
Murray Consultants (+353 1 498 0300)
Joe Heron
Pat Walsh
Notes to Editors
Circle Oil plc (AIM: COP) is an international oil & gas
exploration, development and production company holding a portfolio
of assets in Morocco, Tunisia, and Egypt with a combination of
low-risk, near-term production, and significant upside exploration
potential. The Company listed on AIM in October 2004.
Internationally, the Company has assets in the Rharb Basin,
Morocco; the Ras Marmour Permit in southern Tunisia; the Beni
Khalled permit in northern Tunisia, the Mahdia Permit offshore
Tunisia and the NW Gemsa permit in Zeit Bay area of Egypt.
Circle Oil's strategy is to locate and secure additional
licences in prospective hydrocarbon provinces and, through targeted
investment programmes, monetise the value in those assets for the
benefit of shareholders. This could be achieved through farm-outs
to selected partners who would then invest in and continue the
development of the asset into production, or Circle Oil may opt to
use its own expertise to appraise reserves and bring assets into
production, generating sustained cash flow for further
investment.
Further information on Circle Oil is available on its website at
www.circleoil.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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