Independent Oil & Gas PLC Appointment of Chief Operating Officer (3768L)
19 April 2018 - 4:01PM
UK Regulatory
TIDMIOG
RNS Number : 3768L
Independent Oil & Gas PLC
19 April 2018
19 April 2018
Independent Oil and Gas plc
Appointment of Chief Operating Officer
Independent Oil and Gas plc ("IOG" or the "Company"), the
development and production focused Oil and Gas Company, is pleased
to announce the appointment of Mark Hughes to the Board of IOG as
Chief Operating Officer.
Mark is a qualified civil engineer and a Chartered Member of the
Institute of Mechanical Engineers. He has held senior management
roles at several international oil and gas companies including
Shell, Lasmo and Gaz de France. Most recently he was Head of
Development for RWE Dea UK where he was responsible for the Breagh
and Clipper South Developments before becoming Commercial Director
for INEOS Breagh.
Andrew Hockey, CEO of IOG commented:
"Having worked in the industry for 39 years, Mark has
significant sector experience and we are delighted that he is
joining our team. As we move towards the full development of our
SNS assets Mark's North Sea experience and commercial expertise
perfectly complements the rest of the senior management team and we
look forward to working with him."
-ENDS-
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Mark Andrew Hughes
Mr Hughes (aged 60) has been a director of the following
companies during the five years preceding the date of this
announcement:
Current directorships Previous directorships
2 Cromwell Road (Management) Limited Ineos UK SNS Limited
Ineos Offshore BCS Limited
Ineos Clipper South B Limited
Ineos Clipper South C Limited
Ineos UK E&P Holdings Limited
EEEGR
There is no further information to be disclosed pursuant to
Schedule Two paragraph (g) of the AIM Rules for Companies.
Certain information communicated in this announcement was, prior
to its publication, inside information for the purposes of Article
7 of Regulation 596/2014.
Enquiries:
Independent Oil and Gas plc
Andrew Hockey (CEO) +44 (0) 20 3879
James Chance (CFO) 0510
finnCap Ltd
Christopher Raggett / Anthony Adams
(Corporate Finance)
Emily Morris / Camille Gochez +44 (0) 20 7220
(Corporate Broking) 0500
Camarco
Georgia Edmonds / Tom Huddart / Monique +44 (0) 20 3757
Perks 4980
About Mark Hughes:
Mark started his career at Shell International Exploration and
Production in 1979 and held a number of roles before leaving as
Head of Topsides Design for the Sole Pit Compression Project in
1991. From 1991 to 1999, Mark held various senior positions at
Lasmo leaving in 1999 as Group Development Engineering Manager for
Lasmo UK plc. In 2000 he became the Group E&P Exploration and
Operations Manager, Paris, for Gaz de France. In 2004, Mark joined
GDF Britain as Managing Director and also held the title of GDF
Country Manager from June 2004 to June 2007. From 2007 to 2009 he
was founder and CEO of Hibernia Energy an independent Southern
North Sea focussed gas developer. In 2009 Mark was made Head of
Development for RWE Dea UK where he was responsible for the RWE
operated North Sea Breagh and Clipper South Developments from
inception to first gas, representing some GBP880 million gross
investment. The RWE Dea UK business was purchased by INEOS, a
midstream chemicals business, in November 2015 and in March 2016,
Mark was made Commercial Director at INEOS Breagh. Mark also acted
as the INEOS Commercial Representative on the Industry Group
Commercial Forum and maintained the company's key interface with
the OGA.
Mark is a Chartered Member of the Institute of Mechanical
Engineers and has a technical background with a first-class degree
in Civil Engineering from the University of Southampton.
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas Reserves in the UK
Southern North Sea. The Company is targeting a 2P peak production
rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial
current portfolio via an efficient hub strategy. Alongside this it
continues to pursue value accretive acquisitions, to generate
significant shareholder returns. All IOG's licences are owned 100%
and operated by IOG.
Further information can be found on
www.independentoilandgas.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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