SOGP Sovereign Oil

 

TIDMSOGP 
 
RNS Number : 7648O 
Sovereign Oilfield Group plc 
12 March 2009 
 

 
 
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| FOR IMMEDIATE RELEASE                 |                         12 March 2009 | 
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SOVEREIGN OILFIELD GROUP Plc 
 
 
("Sovereign" or "the Company" or "the Group") 
 
 
Termination as Chairman 
 
 
Sovereign Oilfield Group Plc, the Aberdeen based diversified oilfield services 
group, announces that 
 Robert Keith Ellis has had his contract as Chairman 
and Director terminated with immediate effect. 
 
 
 
In a simultaneous move Geoffrey Stuart Pearson FCA FSI, was unanimously 
appointed as Acting Chairman and will assist with the Company's current 
refinancing. 
 
 
Stuart is a very experienced corporate financier and has the skill and 
experience to assist the Company to complete its current refinancing and allow 
the Board to continue to develop the business. He has been a Non Executive 
Director of the Company since Listing. 
 
 
 
 
 
 
Further information: 
 
 
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| Sovereign Oilfield Group Plc                 | Tel: 01224 261900              | 
| Graham Burgess, Chief Executive Officer      |                                | 
| Julie Cowie, Finance Director                |                                | 
|                                              |                                | 
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| Buchanan Communications                      | Tel: 0207 466 5000             | 
| Tim Thompson                                 |                                | 
|                                              |                                | 
+----------------------------------------------+--------------------------------+ 
| Charles Stanley Securities - Nominated       | Tel: 0207 149 6000             | 
| Advisor                                      |                                | 
| Mark Taylor/Freddy Crossley                  |                                | 
|                                              |                                | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAUUOURKRROAAR 
 

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