19 June 2024
Borders & Southern
Petroleum plc
("Borders
& Southern" or "the Company")
Appointment of Non-Executive
Director
Borders & Southern (AIM: BOR),
the London based independent oil and gas exploration
company with assets offshore the Falkland Islands, announces
that it has appointed Dr. W. Sean Guest as a Non-Executive
Director with immediate effect.
Dr. Guest is currently President and
Chief Executive Officer of Valeura Energy Inc. an upstream oil and
gas company with operations in Thailand and Turkey, listed on the
TSX. He has been working internationally in the oil and gas
industry for more than 35 years. Prior to joining Valeura, he was
the CEO of two private junior companies and has held roles in
Woodside, Shell and Schlumberger. Dr Guest holds a BSc in
Geological Engineering from Queen's University and a PhD in
Geological Sciences.
Dr. Guest will not be paid a salary
but has been issued with 7,300,000 share options, exercisable at
2.5 pence per share over a period of 10 years.
Harry Dobson, Chairman, commented:
"We are delighted to welcome Sean to the board given his
expertise and track record of successfully growing international
upstream companies as Borders & Southern repositions itself to
progress the appraisal and development of the Darwin
discovery."
AIM
Rules disclosures
William Sean Guest, aged 62,
currently holds or has held the following directorships in the past
five years:
|
Current:
Valeura Energy Inc
Valeura Energy Asia Pte.
Ltd
Valeura Energy (Thailand) Holdings
Ltd
Busrakham Oil (Thailand)
Ltd
Jasmine Venture Limited
Busrakham Manora Ltd
Busrakham G11 Ltd
Busrakham Nong Yao Ltd
Busrakham Jasmine Ltd
Valeura Energy (Thailand)
Ltd
VE Varuna Ltd
Valeura Holdings Ltd
Northern Hunter Energy
Inc
Valeura (BVI) Holdings
Ltd
Valeura Energy Marine
B.V.
|
Previous 5 years:
Valeura Energy (Gulf of Thailand)
Ltd
Valeura Energy Netherlands
BV
|
Dr Guest holds no ordinary shares in
the Company, and as above, holds 7,300,000 options in the Company,
exercisable at 2.5 pence over 10 years.
Other than those as provided above,
no other disclosures in relation to Dr Guest are required
under Rule 17 and Schedule 2(g) of the AIM Rules for
Companies.
For further information please
visit www.bordersandsouthern.com or
contact:
|
Borders & Southern Petroleum plc
Harry Baker, Chief
Executive
Tel: 020 7661 9348
|
|
SP
Angel Corporate Finance LLP (Nominated Adviser and
Broker)
Stuart Gledhill / Richard
Hail / Adam Cowl
Tel: 020 3470 0470
|
|
Tavistock (Financial PR)
Simon Hudson / Nick
Elwes
Tel: 020 7920 3150
|
Notes:
Borders & Southern Petroleum
plc is an oil & gas exploration company listed on the
London Stock Exchange AIM (BOR). The Company operates and has a
100% interest in three Production Licences in the South
Falkland Basin covering an area of nearly 10,000 square
kilometres. The Company has acquired 2,517 square kilometres of 3D
seismic and drilled two exploration wells, making a significant gas
condensate discovery with its first well.
-ends-