Appointment and Resignation of Directors

    10 April 2008

Granby Oil and Gas plc

("Granby" or "the Company" or "the Group")

Appointment and Resignation of Directors

Following the announcement on 9 April 2008 by Silverstone Energy Limited ("Silverstone") that  its
recommended offer to acquire the whole of the issued and to be issued share capital of Granby  has
been declared wholly unconditional, Granby announces the following changes of Directors.

Appointment of Directors
Granby  is  pleased  to  announce the appointment of Matt Brister  (49)  and  Steve  Horton  (54),
respectively  Chief  Executive  Officer and Chief Operating  Officer  of  Silverstone  Energy,  as
Directors of Granby Oil and Gas plc.

Matthew Joseph Brister - Directorships within the past five years
Current                                           Non-current
Silverstone Energy Limited                        Focus Energy Trust
Silverstone SNS Limited                           Triaxon Resources Inc.
Silverstone CNS Limited                           Rock Energy Inc.
Storm Exploration Inc.                            Calgas Limited
Wilderness Energy Inc.                            Storm Energy Limited
Storm Ventures International Inc.                 
Bridge Energy AS                                  

Stephen Thomas Horton - Directorships within the past five years
Current                                           Non-current
Silverstone Energy Limited                        Results Incorporated Limited
Silverstone SNS Limited                           Caledus Limited
Silverstone CNS Limited                           

There  are no other matters to report regarding Mr Brister or Mr Horton subject to Schedule 2  (g)
of the AIM rules.

Resignation of Directors
The  existing  Directors of Granby have tendered their resignations. Ric Piper will  remain  as  a
Director  until  the  cancellation  of trading of Granby's shares  on  AIM  on  9  May  2008.  The
resignations of the other Directors, namely Dr Nigel Burton, David Grassick, Richard  Moreton  and
Dr David Morton and Adam Shutkever, are with immediate effect.


Matt  Brister, Chief Executive Officer of Silverstone Energy Limited said "We would like to  thank
all of the Directors and staff of Granby for their contribution to building Granby's business.  We
look  forward  to  building on the similarities and alignment between the Silverstone  and  Granby
assets to enhanced value delivery to our shareholders."

Enquiries:
Granby Oil and Gas plc                                      01224 659120
                                                            
    Matt Brister                                            
                                                            
    Steve Horton                                            
                                                            
    www.silverstoneenergy.co.uk                             
    
    www.granbyoil.com
                                                            
KBC Peel Hunt                                               020 7418 8900
(Nominated Adviser and Broker to Granby Oil and Gas plc)
    Jonathan Marren / Matt Goode                            
                                                            


								
Granby Oil & Gas plc