Olje

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14.08.2018 kl 14:21 1875

August 9, 2018
Phoenix Global Resources plc
("Phoenix" or the "Company")

Changes in the Board and Senior Management

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company that offers its investors the opportunity to invest directly in the Vaca Muerta shale formation of Argentina and other unconventional resources, is pleased to announce the designation of Kevin Dennehy CPA / MBA as CFO effective as of October 1, 2018. The Company also proposes to appoint Kevin to the Board, subject to completing the required due diligence, and a new announcement will be made, including the required information by the AIM Rules, once appointment has been confirmed.

Kevin, who will be based in Buenos Aires, Argentina and speaks Spanish, has had a 35-year career in the oil industry with BP. Between 2016 and 2018 Kevin was CFO of Pan American Energy, the joint Argentine company of BP and between 2013 and 2015 he was Country Manager BP Iraq, before occupying high financial positions in BP in Iraq, England, Colombia, Russia, Angola and the United States . and Kuwait.


After helping to successfully integrate the PETSA combination with Andes Energia, placing the Company on a solid financial base and taking into account the move to the Main Market of the London Stock Exchange, Philip Wolfe will leave the position of CFO and the Board effective as of October 1, 2018, and has agreed to remain until the end of the year to ensure an orderly transition.

Sir Michael Rake, president of Phoenix Global Resources said:

"I would like to welcome Kevin to the Company at this exciting time of the greater Vaca Muerta drilling activity, which will include the Company's first horizontal wells. I would also like to thank Philip for all that he has contributed to Phoenix during the last eighteen months and I wish him the best for the future "

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