Sirius Petroleum PLC Result of GM and Appt of Interim COO (6311Z)
18 December 2017 - 9:10PM
UK Regulatory
TIDMSRSP
RNS Number : 6311Z
Sirius Petroleum PLC
18 December 2017
18 December 2017
Sirius Petroleum Plc
("Sirius" or the "Company")
Result of General Meeting
Appointment of Interim Chief Operating Officer
Sirius Petroleum (AIM:SRSP), the investing Company focussed on
oil and gas development and production opportunities in Nigeria,
announces that at the General Meeting of shareholders held today,
all resolutions put to shareholders were duly passed.
The Board is delighted that shareholders have approved the
proposals contained in the Admission Document and on Admission of
the Company's enlarged share capital on AIM tomorrow, Tuesday 19
December, Sirius will complete of its transformation into an
operating company focused on developing proven oil and gas assets
in Nigeria working alongside its world class technical and finance
partners.
Appointment of Interim Chief Operating Officer ("COO")
The Company also confirms the appointment of Dermot O'Keeffe as
Interim COO, with primary responsibility for all operational areas
of the Ororo field development, a role which he has recently
fulfilled on an acting basis. He will continue to report directly
into the Chief Executive of Sirius. Dermot is COO of Add Energy AS,
the well management solutions partner to Sirius on the Ororo Field.
Dermot joined Add Energy AS in 2011 as Vice President Well
Management. Dermot holds a BSc (Honours) in Engineering Geology
from the University of Newcastle upon Tyne, an MSc in Petroleum
Engineering from the Royal School of Mines, Imperial College London
and an MBA from the AGSM in Sydney. He has extensive international
drilling and completion experience with several large operators,
including BP offshore UKCS and onshore in The Netherlands, Sun
International E&P in technical positions offshore in the UK
North Sea, Malaysia, and onshore in Gabon and Shell in Diyarbakir,
south east Turkey.
Jack Pryde, Chairman, said: "We are very grateful for the strong
support the Company has received from shareholders and we can look
forward to a very active year ahead as the team executes the
strategy to develop the Ororo Field, the first of the Company's
intended producing and near production oil and gas assets. We are
delighted to formalise Dermot's role as COO, to complement a strong
operational team supported by an expanded Board with very
considerable commercial and sector experience."
Commenting, Bobo Kuti, Chief Executive, said: "This marks a
transformation point in the progress of the Company and we enter
2018 with a compelling financial and operating structure which is
designed to deliver value to all stakeholders. We look forward to
the commencement of the well campaign operations on Ororo-2 in
early 2018."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
Enquiries:
Sirius Petroleum +44 20 3740 7640
Bobo Kuti / Jack Pryde
Cantor Fitzgerald Europe +44 20 7894 7000
Sarah Wharry
Gable Communications +44 20 7193 7463
John Bick
srsp@gablecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMBGBDDCGBBGRI
(END) Dow Jones Newswires
December 18, 2017 05:10 ET (10:10 GMT)
Sirius Petroleum (LSE:SRSP)
Historical Stock Chart
From Apr 2024 to May 2024
Sirius Petroleum (LSE:SRSP)
Historical Stock Chart
From May 2023 to May 2024