President Energy PLC Director Appointment (8575Q)
24 Junio 2020 - 1:00AM
UK Regulatory
TIDMPPC
RNS Number : 8575Q
President Energy PLC
24 June 2020
24 June 2020
PRESIDENT ENERGY PLC
("President" or the "Company")
DIRECTOR APPOINTMENT
President Energy (AIM: PPC), the energy company with a diverse
portfolio of production and exploration assets focused primarily in
Argentina announces the appointment of Martin Urdapilleta to the
board of the Company as a non-executive director.
Martin, age 41, an Argentine citizen, has some 12 years'
experience in the oil and gas industry. After graduating from
Instituto Tecnologico de Buenos Aires, Argentina with a Bachelor of
Industrial Engineering, Martin commenced work as a Commodity Trader
joining Trafigura in 2008, where he is now General Manager of
Trafigura Pte Ltd, Argentina.
Martin has been appointed to the board of the Company by
Trafigura pursuant to the Subscription Agreement announced on 20
January 2020.
Peter Levine, Chairman, commented:
" We welcome Martin to our Board. He is widely respected in the
industry and his positive contribution to our Company is already
being felt.
"We very much look forward to working with Martin in the
future."
INFORMATION REQUIRED UNDER SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES.
Full name Martin Urdapilleta
-----------------------------
Age 41
-----------------------------
Current directorships:
-----------------------------
Historic directorships Name
from previous
5 years: Trafigura Pte Ltd
Sigura Insurance Pte.
Ltd.
Tendril Ventures Pte
Ltd
Tendril Ventures 2 Pte
Ltd
Trafigura Holdings Pte.
Ltd.
Trafigura Pte Ltd - Branch
Office Panama
---------------------------
Contact:
President Energy PLC
Peter Levine, Chairman
Rob Shepherd, Group FD +44 (0) 207 016 7950
finnCap (Nominated Advisor)
Christopher Raggett, Charlie Beeson +44 (0) 207 220 0500
Shore Capital (Corporate Broker)
Jerry Keen +44 (0) 207 408 4090
Tavistock (Financial PR)
Nick Elwes, Simon Hudson +44 (0) 207 920 3150
Notes to Editors
President Energy is an oil and gas company listed on the AIM
market of the London Stock Exchange (PPC.L) primarily focused in
Argentina, with a diverse portfolio of operated onshore producing
and exploration assets.
The Company has operated interests in the Puesto Flores,
Estancia Vieja, Puesto Prado and Las Bases Concessions, and
Angostura exploration contract, all of which are situated in the
Rio Negro Province in the Neuquén Basin of Argentina and in the
Puesto Guardian Concession, in the Noroeste Basin in NW Argentina.
Alongside this, President Energy has cash generative production
assets in Louisiana, USA and further significant exploration and
development opportunities through its acreage in Paraguay and
Argentina.
The Group is also actively pursuing value accretive acquisitions
of high-quality production and development assets in Argentina
capable of delivering positive cash flows and shareholder returns.
With a strong institutional base of support, including the IFC,
part of the World Bank Group as well as the international commodity
trader and logistics company Trafigura, an in-country management
team as well as a Board whose interests are aligned to those of its
shareholders, President Energy gives UK investors access to the
Argentina energy growth story combined with world class standards
of corporate governance, environmental and social
responsibility.
This announcement contains inside information for the purposes
of article 7 of Regulation 596/2014
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAUOORRRAUNUUR
(END) Dow Jones Newswires
June 24, 2020 02:00 ET (06:00 GMT)
Molecular Energies (LSE:MEN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Molecular Energies (LSE:MEN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024