Phoenix Global Resources PLC Board Appointment (7894K)
02 Septiembre 2019 - 01:00AM
UK Regulatory
TIDMPGR
RNS Number : 7894K
Phoenix Global Resources PLC
02 September 2019
2 September 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Board Appointment
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream
oil and gas company offering its investors an opportunity to invest
directly into Argentina's Vaca Muerta shale formation and other
unconventional resources, is pleased to announce the appointment of
Martin Bachmann to the Board as a non-executive director with
effect from 1 September 2019.
Martin Bachmann, Non-Executive Director, aged 60 years.
Martin, a trained geophysicist, was a member of Wintershall's
Board of Executive Directors for 10yrs. At Wintershall his
responsibilities included managing its 70,000 boepd production
company in Argentina where he has gained extensive experience in
the unconventional space. Previously he had a 25-year career with
Shell, managing various businesses in the FSU, Spain, the
Netherlands, the North Sea and the Middle East. Martin is Swiss and
speaks German, English, Dutch, French and Spanish.
Sir Michael Rake, Chairman of Phoenix Global Resources,
said:
"We are delighted to welcome Martin to the Board. He joins the
Board at an exciting time in the Company's development and his
experience in unconventional activities will be invaluable as the
Company continues to develop its Vaca Muerta acreage."
Additional information to be disclosed pursuant to Schedule 2(g)
and Rule 17 of the AIM Rules:
Martin Bachmann is currently a director of the following
companies:
- TwoB Consulting GmbH
- Petrogas NEO UK Ltd
- Point Resources Holding AS
In the past five years Martin has also been a director of the
following companies:
- Wintershall Holding GmbH
- Wintershall AG
- Wintershall Libyen Oil & Gas GmbH
- Wintershall Middle East GmbH
- Wintershall Ventures GmbH
- Wintershall Lenkoran GmbH
- Wintershall Energia SA
- Wintershall Norge AS
- Wintershall Nederland BV
- Wintershall Noordzee BV
- Erdgas Munster
Martin holds no interest in the ordinary shares of the
Company.
Other than the information contained within this announcement,
there is no further information required to be disclosed under Rule
17 and Schedule Two paragraph (g) of the AIM Rules.
For further information, please contact:
Phoenix Global Resources Sir Michael Rake, T: +44 20 3912 2800
plc Chairman
Shore Capital (Nominated Antonio Bossi T: +44 20 7408 4050
Adviser and Joint David Coaten
Broker)
Panmure Gordon (Joint Charles Lesser T: +44 20 7886 2500
Broker)
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 licenced
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.
The Company's website is www.phoenixglobalresources.com
- ENDS -
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END
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