JERSEY, Channel Islands, March 25, 2014 /CNW/ - Horizon Petroleum Plc
("Horizon" or "the Company") (TSX.V: HPL) is
pleased to announce the strengthening of its Board of Directors by
the appointment of John Patterson as
a Non-Executive Director, and Chairman of the Audit Committee.
Mr Patterson has 35 years experience in the oil
and gas industry with a background in acquisitions, financings,
corporate governance, tax and accounting. He gained
significant commercial and financial experience at Nexen Inc where
as President of Nexen Energy Services ("NESI"), he managed oil and
gas assets in several countries, including Yemen and Nigeria. Previously he was NESI's Chief
Financial Officer and Finance Director, and was active in
financings and corporate acquisitions. More recently he was
Non-Executive Director, and Chairman of the Audit Committee for
Tanzania-focused Orca
Exploration. He qualified as a Chartered Accountant at Touche
Ross (now Deloitte) and gained a BSc. Special Honours Mathematics
at Bristol University.
Yogeshwar Sharma,
Chairman of Horizon, commented "John brings a wealth of oil and gas
experience to the Board at a time when we continue to negotiate to
secure asset acquisitions of reserves and exploration projects in
Africa, with country focus
including Nigeria and Angola. The Company plans to further
strengthen the Board after the Annual General Meeting on
11 April 2014 through the appointment
of one further Non-Executive Director".
ON BEHALF OF HORIZON PETROLEUM PLC
Peter Clutterbuck,
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Horizon Petroleum PLC