G3 Exploration Limited Directorate Change (4164U)
12 July 2018 - 4:00PM
UK Regulatory
TIDMG3E
RNS Number : 4164U
G3 Exploration Limited
12 July 2018
12(th) July 2018
G3 Exploration Limited
("G3E" or "the Company")
Directorate Change
G3 Exploration Ltd. (LSE: G3E), an independent specialist in the
exploration and development of coal bed methane gas (CBM) with
roots in China and a focus on international expansion, is pleased
to nominate Bryan Smart and Zhao Li Guo as Non-Executive Directors
of the Company.
Following the Company's Annual General Meeting, which is being
held on 30(th) July 2018 at 10.00 a.m., at the offices of FTI
Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD, the
G3E Board is expected to be comprised of Independent Non-Executive
Directors, Wayne Roberts, Gong Da Bing, Bryan Smart, Zhao Li Guo
and Executive Chairman Randeep S. Grewal. David Turnbull and
Stewart John are due to retire from the Board.
The Audit Committee will consist of Bryan Smart, Wayne Roberts
and Zhao Li Guo with Bryan Smart acting as the Chair of the
Committee. The Remuneration Committee consists of Gong Da Bing,
Bryan Smart and Randeep S. Grewal with Gong Da Bing acting as the
Chair of the Remuneration Committee. The Nomination Committee will
consist of Randeep S. Grewal, Wayne Roberts and Gong Da Bing with
Randeep S. Grewal acting as the Chair of the Nomination
Committee.
Background on Bryan Smart and Zhao Li Guo
Bryan Smart is a Chartered Accountant with over 40 years'
experience in finance both in professional and commercial roles at
various organisations including Deloitte and Mercedes Benz UK where
he served as Chief Financial Officer. He currently holds
Non-Executive Director roles at AB Dynamics plc, a company that
designs and manufactures robotic test equipment for the automotive
industry and at NQ Minerals plc, an Australian exploration and
mining company. Furthermore, Mr. Smart is also a Non-Executive
Director at Greka Drilling, which is an affiliate company of G3E,
focused on providing drilling services in China and India. Mr.
Smart has also served on the Board of Brunel University, and is
currently a trustee of Brooklands Museum.
Zhao Li Guo was the General Counsel of China National Offshore
Oil Company (CNOOC) from 2008, and CNOOC Limited from 2009 to June
2015. Mr. Zhao joined CNOOC in 1983 and has served in multiple
positions, including the Head of Contract Division from 1993
to1997, Deputy General Manager of Contract & Legal Department
from 1998 to 2000 and General Manager of Legal Department from 2001
to 2009.
Furthermore, Mr. Zhao was the Director and Board Secretary of
CNOOC & Shell Petrochemicals Co Ltd. from 2001 to 2012. Mr.
Zhao was also the arbitrator of China International Economic &
Trade Arbitration Commission from 2005 to 2015 and a member of
China Maritime Arbitration Commission from 2010 to 2015, the
Arbitrator of China Maritime Arbitration Commission from 2017. Mr.
Zhao obtained PRC lawyer qualification in 1987, a corporate counsel
qualification in 1998 and is a professor-level senior economist. He
obtained a bachelor of law degree from Peking University in 1983.
He also studied at the Law School of Niigata University in Japan
for a year in 1988.
Mr. Randeep S. Grewal, Chairman and CEO of G3E said: "We are
delighted to nominate Li Guo and Bryan to the G3E Board. We believe
that their combined knowledge and range of expertise are extremely
complementary to our current Board and thus will be of great
accretive value to the Company. We look forward to working with
them as we expand the scale of the Company's operations within the
current exploration blocks in China, as well as pursue
opportunities in our target geographies.
"I would like to express my sincere appreciation and thanks to
both David Turnbull and Stewart John for their long-term
contribution to the G3E Board since inception in 2006."
For further information on the Company and its activities,
please refer to the website at www.g3-ex.com/or contact:
FTI Consulting:
Kim Camilleri Tel: +44 20 3727 1000
About G3 Exploration Ltd.
An independent specialist in the exploration and development of
coal bed methane gas (CBM); G3 Exploration has accumulated a unique
wealth of experience through its significant 25 year track record
of technology-led exploration and drilling success in CBM, across
different geographies.
G3 Exploration's intention is to leverage its expertise,
monetise its current 7112km(2) acreage position in mainland China
and widen its asset portfolio into other prospective geographies
across Africa, Europe and Asia, utilising its proprietary knowledge
and experience in exploiting CBM resources. Furthermore, G3
Exploration has interests in Green Dragon Gas, which comprises of
two producing assets with an acreage of 455km(2) in Shanxi
province, China.
G3 Exploration is listed on the main market of the London Stock
Exchange (LSE: G3E).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAGUGDRXSBBGID
(END) Dow Jones Newswires
July 12, 2018 02:00 ET (06:00 GMT)
G3 Exploration (LSE:G3E)
Historical Stock Chart
From Apr 2024 to May 2024
G3 Exploration (LSE:G3E)
Historical Stock Chart
From May 2023 to May 2024