PCI Petroceltic

TIDMPCI

RNS Number : 1751G

Petroceltic International PLC

02 March 2015

Dublin

2 March 2015

Petroceltic International plc

("Petroceltic" or the "Company")

Resignation of Directors

Petroceltic, (PCI.L) the independent oil and gas exploration and production company announces today the resignation of two non-executive directors, Don Wolcott and Joe Mach, effective immediately.

Messrs Mach and Wolcott have tendered their respective resignations following the decision of shareholders to support the Board's recommendations in respect of all resolutions proposed at the Extraordinary General Meeting of the Company on 25th February. Mr Wolcott and Mr Mach had dissented from the Board's recommendation in respect of all resolutions.

Robert Adair Chairman of Petroceltic commented:

"On behalf of Petroceltic, I would like to thank Don Wolcott and Joe Mach for their active contributions to the Board, and for their continuing support and good wishes for the Company. We wish them well in their future endeavours."

.

Ends

For further information, please contact:

   Brian O' Cathain /Tom Hickey, Petroceltic International        Tel: +353 (1) 421 8300 
   Philip Dennis / Rollo Crichton-Stuart, Bell Pottinger              Tel: +44 (20) 3772 2500 
   Douglas Keatinge / Joe Heron, Murray Consultants              Tel: +353 (1) 498 0300 
   John Frain / Roland French, Davy                                          Tel: +353 (1) 679 6363 

Notes to Editors:

Petroceltic International plc is a leading Oil and Gas Exploration and Production Company, focused on the Middle East, North Africa, Mediterranean and Black Sea regions, and listed on the London Stock Exchange's AIM Market and the Irish Stock Exchange's ESM Market. The Company has production, exploration and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy and Greece.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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