Europa Oil & Gas (Holdings) Plc Board Changes

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
25 January 2018 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                                 Board Changes 
 
Europa Oil & Gas (Holdings) plc, the UK and Ireland focused exploration, 
development and production company, is pleased to announce the following 
changes to the Board effective from 25 January 2018. Mr Simon Oddie replaces 
Non-Executive Chairman Colin Bousfield, who is stepping down from the Board. In 
addition, the Company is pleased to announce the appointment of Mr Brian 
O'Cathain as a Non-Executive Director. 
 
Mr Oddie has over 40 years of experience as a petroleum engineer, technical 
consultant, manager and investment adviser in the upstream oil and gas sector. 
He has worked with Schlumberger, ERC Energy Resource Consultants, Enterprise 
Oil and Gemini Oil and Gas Advisors LLP during which time he has gained 
extensive experience in technical, senior management and finance functions. Mr 
Oddie was CEO of Enterprise Italy and architect of the Gemini Oil and Gas 
royalty funds. He has a proven track record in initiating and executing value 
accretive transactions in the oil and gas industry and in working closely with 
investors. Mr Oddie completed the Advanced Management Program at Harvard 
Business School, holds an MSc. in Petroleum Engineering from Imperial College 
London and a BSc (First Class) in Electronics from Manchester University. 
 
Mr O'Cathain is a geologist and petroleum engineer with over thirty years' 
experience in senior technical and commercial roles in upstream oil and gas 
exploration and production companies, including Shell International, Enterprise 
Oil and Tullow Oil. He has experience in working in West Africa, North Africa, 
onshore Europe and the North Sea. He was the Chief Executive of Petroceltic 
International plc from 2007 to 2016. During this period Petroceltic discovered 
the Ain Tsila gas condensate field in Algeria, and concluded a nil-premium 
merger with Melrose Energy. Prior to this he served as Chief Executive of Afren 
plc from 2005 to 2007. He served as the Managing Director of Enterprise Oil 
Ireland at the sanction of the Corrib Gas Field development. Mr O'Cathain holds 
a first-class honours degree in Geology from the University of Bristol. 
 
Europa's CEO, Hugh Mackay, said: "I am delighted to welcome Simon and Brian to 
the Board. They each bring substantial and relevant experience of upstream 
exploration and production along with first class technical and commercial 
expertise. As a result, their respective appointments neatly complement the 
existing Board's collective skillset. We are focused on our corporate 
performance and I am confident they will both play a key role in achieving 
future success for the Company. We have an industry-leading high-impact 
exploration portfolio offshore Ireland, we have a full cycle exploration and 
production portfolio onshore UK and we are actively pursuing new venture 
opportunities. Our objective is to create value for our investors. 
 
"I have very much enjoyed working with Colin over these last four years and 
thank him for the substantial contribution he has made to Europa during this 
time. I am sad to see him go, however I have every confidence that he will 
remain one of Europa's most vociferous supporters. I wish him every success in 
his future endeavours." 
 
Europa's outgoing Chairman, Colin Bousfield, said: "It has been a privilege to 
be associated with Europa and I would like to thank shareholders, employees and 
fellow board members for their support over the years." 
 
                                 * * ENDS * * 
 
For further information please visit www.europaoil.com or contact: 
 
Hugh Mackay       Europa                        + 44 (0) 20 7224 
                                                3770 
 
Phil Greenhalgh   Europa                        + 44 (0) 20 7224 
                                                3770 
 
Matt Goode        finnCap Ltd                   + 44 (0) 20 7220 
                                                0500 
 
Simon Hicks       finnCap Ltd                   + 44 (0) 20 7220 
                                                0500 
 
Emily Morris      finnCap Ltd                   + 44 (0) 20 7220 
                                                0500 
 
Frank Buhagiar    St Brides Partners Ltd        + 44 (0) 20 7236 
                                                1177 
 
Susie Geliher     St Brides Partners Ltd        + 44 (0) 20 7236 
                                                1177 
 
Notes 
 
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage 
hydrocarbon assets that includes production, exploration and development 
interests, in countries that are politically stable, have transparent licensing 
processes, and offer attractive terms. 
 
In 2017 Europa produced 113 boepd. Its highly prospective exploration projects 
include the Wressle development in the UK and seven licences offshore Ireland 
with the potential to host gross mean un-risked prospective and indicative 
resources of 4.7 billion barrels oil equivalent and 1.5 tcf gas across all 
seven licences. 
 
Disclosures required under Schedule 2(g) of the AIM Rules for Companies 
 
The following information regarding the appointment of Simon George Oddie, aged 
64, is disclosed under Schedule 2(g) of the AIM Rules for Companies: 
 
Current directorships and/or partnerships:     Former directorships and/or partnerships 
                                               (within the last five years): 
 
  * Milclif Energy Limited                       * Gemini Oil & Gas Advisors LLP 
  * Little Milton Village Shop Limited           * 43-45 Blenheim Crescent Limited 
  * EFI Advisors 
 
Mr Oddie does not hold any ordinary shares of 1 pence in the Company ("Ordinary 
Shares"). Mr Oddie was today issued 1,200,000 options over ordinary shares in 
the Company ("Options"). The Options are valid until 24 January 2028 and have 
an exercise price of 6.5 pence per Ordinary Share and can be exercised on the 
condition that the closing average mid-market price of an Ordinary Share 
exceeds 10 pence per Ordinary Share for 30 consecutive trading days. 
 
The following information regarding the appointment of Brian John O'Cathain, 
aged 58, is disclosed under Schedule 2(g) of the AIM Rules for Companies: 
 
Current directorships and/or partnerships:     Former directorships and/or partnerships 
                                               (within the last five years): 
 
  * Eland Oil & Gas plc                          * Petroceltic plc 
  * Black Mountain Consulting Limited            * Petroceltic South Disouq Limited 
  * Abbeyville Property Limited                  * Petroceltic South Idku Limited 
  * Annapurna Oil Limited                        * Petroceltic Turkey Limited 
  * BOC Upstream Consultants Limited             * Petroceltic Company of Egypt 
                                                 * Petroceltic El Mansoura Company 
                                                 * Petroceltic Qantara Company 
                                                 * Petroceltic S E El Mansoura Company 
                                                 * Petroceltic Energy Limited 
                                                 * Petroceltic Bulgaria Inc 
                                                 * Melrose Mediterranean Limited 
                                                 * Petroceltic Greece Limited 
                                                 * Petroceltic Resources plc 
                                                 * Petroceltic Italia S.r.l 
                                                 * Petroceltic North Thekah Limited 
                                                 * Petroceltic Ain Tsila Limited 
                                                 * Petroceltic Isarene-2 Limited 
                                                 * Petroceltic Kurdistan Limited 
                                                 * Petroceltic Illizi Limited 
                                                 * Petroceltic African Holdings Limited 
                                                 * Petroceltic Ksar Hadada Limited 
                                                 * Petroceltic Isarene Limited 
                                                 * Petroceltic Investments Limited 
                                                 * Petroceltic Reserve Limited 
                                                 * Petroceltic Erris Limited 
                                                 * Petroceltic International plc 
                                                 * R-Space Gallery CIC 
                                                 * Petroceltic Resources Limited 
                                                 * Petroceltic Holdings Limited 
 
Mr O'Cathain does not hold any Ordinary Shares in the Company. Mr O'Cathain was 
today issued 1,200,000 Options. The Options are valid until 24 January 2028 and 
have an exercise price of 6.5 pence per Ordinary Share and can be exercised on 
the condition that the closing average mid-market price of an Ordinary Share 
exceeds 10 pence per Ordinary Share for 30 consecutive trading days. 
 
There are no further disclosures required under Schedule 2(g) of the AIM Rules 
for Companies. 
 
 
 
END 
 

(END) Dow Jones Newswires

January 25, 2018 02:00 ET (07:00 GMT)