Eland Oil & Gas PLC Directorate Change (8196L)

TIDMELA

RNS Number : 8196L

Eland Oil & Gas PLC

24 July 2017

24 July 2016

Eland Oil & Gas PLC

("Eland" or the "Company")

Directorate Change

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is today pleased to announce the appointment of Ronald "Ron" Bain as Chief Financial Officer, a Board position, taking effect on 1 August 2017.

Ron recently led the Financial Integration Planning for the Baker Hughes / GE Oil & Gas merger. Prior to this Mr Bain was the Regional Accounting Director of Europe, Africa and Russia/Caspian for Baker Hughes, responsible for all financial reporting, financial management and compliance activities in over 40 countries. He has a depth of experience with roles of increasing scope and responsibility including Controllership, Company Secretarial, Treasury and FP&A with companies such as Baker Hughes, BJ Services, Donside Paper Company and Vetco Gray. He is a qualified Chartered Accountant FCCA.

Olivier Serra, the current CFO of Eland has agreed to step down as a Director and has resigned from the Eland board with immediate effect. He will remain as CFO until the end of the month, following which he will be staying on as a consultant to concentrate on strategic debt structure and options for the Company.

A further announcement will be made by the Company upon Mr Bain's appointment to the CFO role and Eland board on 1 August 2017.

George Maxwell, CEO of Eland, commented:

"I am delighted to welcome Ron to the Company. Ron has excellent technical and management experience which will be invaluable given the ambitions of Eland."

"I would also like to thank Olivier Serra his contribution to the Company as CFO and we look forward to him positively driving forward our strategic debt planning for the development of our Nigerian assets."

For further information:

Eland Oil & Gas PLC ([phone])

www.elandoilandgas.com

George Maxwell, CEO

Finlay Thomson, IR

Canaccord Genuity Limited ([phone])

Henry Fitzgerald O'Connor / James Asensio

Panmure Gordon (UK) Limited ([phone])

Adam James / Atholl Tweedie

Tom Salvesen

Camarco ([phone])

Billy Clegg / Georgia Mann

This information is provided by RNS

The company news service from the London Stock Exchange

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July 24, 2017 02:00 ET (06:00 GMT)