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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phoenix Global Resources Plc | LSE:PGR | London | Ordinary Share | GB00B7LHJ340 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPGR
RNS Number : 8489W
Phoenix Global Resources PLC
23 April 2019
23 April 2019
This announcement contains inside information
Phoenix Global Resources plc
("Phoenix" or the "Company")
Directorate change
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, today announces that Mr. Sharma has served a notice on the Company, which the Company is treating as a notice terminating his employment in accordance with his service agreement and resigning from his position as CEO and a director of the Company with immediate effect.
Pending the recruitment of a new CEO, Tim Harrington, a non-executive director of the Company, will be appointed interim chairman of the executive committee, working closely with the CFO and COO.
Sir Michael Rake, Chairman, commented:
"The board believes strongly in the company's strategy and we are confident in Tim's ability to lead the Company as we conduct a search for a new CEO".
The person responsible for making this announcement is Nigel Duxbury, Company Secretary.
For further information, please contact:
Hot Features
Premium
Phoenix Global Resources Sir Michael Rake, Chairman T: +54 11 5258 7500
plc
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
David Coaten
Panmure Gordon Charles Lesser T: +44 20 7886 2500
Camarco Billy Clegg T: +44 20 3757 4980
Owen Roberts
James Crothers
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licensed working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has signi cant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional potential.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
BOABUGDSLDDBGCX
(END) Dow Jones Newswires
April 23, 2019 11:30 ET (15:30 GMT)
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