Europa Oil & Gas (Holdings) PLC Appointment of COO and Executive Director (0497V)
03 Abril 2023 - 1:00AM
UK Regulatory
TIDMEOG
RNS Number : 0497V
Europa Oil & Gas (Holdings) PLC
03 April 2023
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
3 April 2023
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Appointment of Chief Operating Officer and Executive
Director
Europa Oil & Gas (Holdings) plc, the AIM traded UK and
Ireland focused oil and gas exploration, development, and
production company, is pleased to announce the appointment of
Alastair Stuart as Chief Operating Officer and an Executive
Director of the Company, effective immediately .
Mr Stuart has over 30 years of experience in operational,
commercial and technical roles in the energy and IT sectors. As a
1982 graduate of Herriot Watt's Masters programme in Petroleum
Engineering, he began his career with Total CFP in Paris before
joining Enterprise Oil in 1986, shortly after it was established,
where he focussed on projects in the North Sea and the Far East. He
was later promoted to New Ventures Manager, where he led the
evaluation and progression of new ventures in South America,
Eastern Europe and the Far East. After ten years with Enterprise,
he worked briefly with Hardy Oil & Gas, before setting up his
own consulting group in 1998 which developed processes and systems
for managing capital allocation across large portfolios of
investments in the oil & gas, pharmaceutical and venture
capital sectors.
Mr Stuart has been a consultant at Europa since 2012 and more
recently has been intimately involved in the development of the
Wressle Field. He will be relinquishing his other commitments and
focusing on ensuring that the full potential of Europa's existing
assets can be rapidly realised as well as supporting the CEO on
further building the Company.
In order to ensure that the finance function within Europa is
suitably resourced, the Company has increased its existing mandate
with Clifton Financial Solutions Limited ("Clifton"). Clifton
already provides accounting services to Europa and going forward,
will also provide administrative services that would typically fall
under the remit of a CFO. More information on Clifton can be found
on its website: www.cliftonfinancial.co.uk/
Will Holland, CEO of Europa, said:
"I am delighted that Alastair has agreed to join Europa in a
full-time capacity. He has been consulting for Europa since 2012
and has played an integral part in not only the development of
Wressle but also has deep knowledge of our operated assets. He
brings a wealth of engineering and M&A experience in the
upstream sector that will be of crucial importance as we continue
to develop our existing asset base and concurrently grow the
business. I look forward to working with him at this very exciting
time for the Company."
Further information on Alastair MacNaughton Stuart as required
in accordance with Schedule 2 (g) of the AIM Rules for
Companies:
Alastair MacNaughton Stuart, aged 63
Current Directorships/Partnerships Past Directorships/Partnerships
(last 5 years)
Datura Limited Albion Energy Services (UK) Ltd
Hyperion Energy Services Ltd
Datura Systems Ltd
--------------------------------
Mr Stuart is directly interested in 210,000 ordinary shares of
Europa, and indirectly interested, through Datura Limited, in
72,488 ordinary shares of Europa.
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
William Holland / Murray Europa Oil & Gas (Holdings) mail@europaoil.com
Johnson plc
Strand Hanson Limited
- Nominated & Financial +44 (0) 20 7409
James Dance / James Spinney Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
Patrick d'Ancona / Finlay + 44 (0) 20 7390
Thomson / Kendall Hill Vigo Consulting 0230
Notes to Editors
Europa Oil & Gas (Holdings) plc has a diversified portfolio
of multi-stage hydrocarbon assets which includes production,
development and exploration interests, in countries that are
politically stable, have transparent licensing processes, and offer
attractive terms. Production for the year ending 31 July 2022 was
245 bopd. In April 2022, Europa farmed into P.2358, Block 13/23c
("Serenity") in the Outer Moray Firth area of the North Sea. The
licence contains the 2019 Serenity oil discovery, in which Europa
now has a 25% interest. The Company holds one exploration licence
offshore Ireland, which has the potential to host gross mean
un-risked prospective resources of 1.5 trillion cubic feet ("tcf")
gas. Inishkea is a near field gas prospect in the Slyne Basin which
the Company classifies as lower risk due to its close proximity to
the producing Corrib gas field and associated gas processing
infrastructure.
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END
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