Appointment of CFO and Non-Executive Director

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 LEKOIL LIMITED (LEK) 
Appointment of CFO and Non-Executive Director 
 
02-Oct-2017 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            2 October 2017 
 
      Lekoil Limited 
 
      ("LEKOIL" or the "Company") 
 
     Appointment of Chief Financial Officer and Non-Executive Director 
 
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a 
 focus on Nigeria and West Africa, is pleased to announce the appointment to 
      the Company and Board of Directors of Lisa Mitchell as Chief Financial 
Officer ("CFO") with immediate effect. Ms Mitchell's appointment follows the 
  resignation of Bruce Burrows who has decided to pursue another opportunity 
  to better fit family circumstances. Following a one month handover period, 
            Bruce will be leaving the Company at the end of October. 
 
      In addition, LEKOIL is also pleased to announce the appointment of Tom 
    Schmitt, a US citizen, as a Non-Executive Director, again with immediate 
            effect. 
 
Lisa Mitchell, aged 50, is a Certified Practising Accountant (Australia) who 
was most recently CFO and Executive Director of Fastjet plc (AIM: FJET), the 
   African focused low cost airline based at Gatwick Airport. Prior to that, 
   she was CFO at Ophir Energy plc (LSE: OPHR) where she was responsible for 
 contributing to the overall business strategy of Ophir; leading the finance 
  function - including all financial, taxation, treasury and funding issues; 
   IR, and providing financial support for all M&A activity. Lisa's previous 
  career included stints with Pan Pacific Petroleum NL (ASX and NZX listed), 
     GCM Resources plc (AIM: GCM), CSL Limited - in Australia and the US and 
Mobil Oil Australia. She holds a Bachelor of Economics (major in Accounting) 
   degree from La Trobe University, Melbourne and a Graduate Diploma Applied 
            Corporate Governance. 
 
     Tom Schmitt, aged 60, is president of Hunt Refining Company in Alabama. 
Prior to this, he was senior vice president with Hunt Oil Company for Hunt's 
 development in Kurdistan, Iraq. He began his career as a petroleum engineer 
    with the Atlantic Richfield Corporation working in production, drilling, 
 operations/reservoir engineering, enhanced oil recovery research, strategic 
planning and acquisition evaluation. In 1996, he left the oil industry for a 
 career in finance and joined Alliance-Bernstein, becoming co-manager of the 
Global Research Growth Fund, a product that grew assets to over $65 billion. 
 Tom earned a BS in chemical engineering from Missouri University of Science 
            and Technology and an MBA from the Harvard Business School. 
 
 Commenting on the appointment, Samuel Adegboyega, Chairman of LEKOIL, said: 
  "Lisa and Tom are both oil and gas industry professionals with significant 
    experience. Lisa's knowledge of investment and capital markets, together 
  with Tom's mix of upstream, downstream and finance experience will benefit 
            our board and company. I look forward to working with them. 
 
The entire Board would also like to wish Bruce well in his future career and 
            thank him for his contribution to date." 
 
         The following additional information is provided in accordance with 
 paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to 
            the appointments of Lisa Mitchell and Tom Schmitt: 
 
            Tom Albert Schmitt (aged 60) 
 
Current Directorships /           Past Directorships / 
Partnerships                      Partnerships (last 5 years) 
Taum Sauk Investments, LLC        Taum Sauk Capital Management, 
                                  LP 
Hunt Refining Company             Hunt Oil Middle East Holding 
                                  Limited 
Alabama Bulk Terminal Company,    Hunt Oil Middle East Limited 
LLC 
East Mississippi Pipeline Company 
LLC 
Hunt Crude Oil Supply Company, 
LLC 
Hunt Southland Refining Company, 
LLC 
 
            Lisa Gaye Mitchell (aged 50) 
 
Current Directorships /         Past Directorships / 
Partnerships                    Partnerships (last 5 years) 
                                fastjet Air TZ (BVI) Limited 
                                fastjet Leasing UK Limited 
                                fastjet SPV UK One Limited 
                                fastjet Travel Limited 
                                fastjet Holdings (Guernsey) 
                                Limited 
                                fastjet Leasing PCC Limited 
                                fastjet Kenya Limited 
                                fastjet South Africa Proprietary 
                                Limited 
                                fastjet SPV SA Two Limited 
                                fastjet Airlines Limited 
                                fastjet Zimbabwe Limited 
                                Ophir Energy Plc 
                                Dominion Kenyan Holdings Ltd 
                                Dominion Petroleum 
                                Administrative Services Ltd 
                                Ophir Ventures (Jersey) Limited 
                                Ophir Ventures (Jersey) No.2 
                                Limited 
                                Dominion Oil & Gas Limited 
                                Dominion Petroleum Acquisitions 
                                Limited 
 
        For further information, please visit www.lekoil.com [1] or contact: 
 
                    LEKOIL Limited 
 
        Alfred Castaneda, Investor             [phone] 
                         Relations 
 
                                               [phone] 
           Hamilton Esi, Corporate 
                    Communications 
 
Strand Hanson Limited (Financial & 
                Nominated Adviser) 
 
                                               [phone] 
    James Harris / James Spinney / 
                    Ritchie Balmer 
 
    Mirabaud Securities LLP (Joint 
                           Broker) 
 
                                      [phone] / +44 20 
  Peter Krens / Edward Haig-Thomas                    7878 3447 
 
BMO Capital Markets (Joint Broker) 
 
     Vicary Gibbs / Neil Haycock /             [phone] 
                      Thomas Rider 
 
          Tavistock (Financial PR) 
 
     Simon Hudson / Barney Hayward             [phone] 
 
 The information contained within this announcement is deemed by the Company 
       to constitute inside information as stipulated under the Market Abuse 
            Regulation (EU) No. 596/2014 ('MAR') 
 
      -ends- 
 
ISIN:          KYG5462G1073 
Category Code: BOA 
TIDM:          LEK 
Sequence No.:  4680 
 
End of Announcement EQS News Service 
 
614873 02-Oct-2017 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=cf18eb9b0cff2bfecacebb0696619578&application_id=614873&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

October 02, 2017 02:03 ET (06:03 GMT)