Strengthens Board and Management Team (4201Q)
2011年10月19日 - 3:00PM
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RNS Number : 4201Q
Oracle Coalfields PLC
19 October 2011
19 October 2011
Oracle Coalfields PLC
(`Oracle' or the `Company')
Strengthens Board and Management Team
Oracle Coalfields PLC (AIM:ORCP), the UK developer of a 1.4
billion tonne coal resource in the south-eastern desert of the
Sindh Province, Pakistan, continues to strengthen its Board and
management team with the appointments of Tony Philip as Finance
Director and Brian Rostron as Mining and Contracts Manager, with
immediate effect.
Tony Philip joins the Board as Finance Director and will be
taking over from Roderick Stead, who steps down as Interim Finance
Director to become a Non-Executive Director of the Company.
Mr George Anthony (Tony) Philip (aged 59) is a Chartered
Accountant with over 30 years of financial management experience,
much of this with the Shell Group, operating in a wide variety of
finance roles managing company finances and governance, including
several major project financings within African and Middle Eastern
countries notably Nigeria LNG, Oman LNG and West African Gas
Pipeline. He has worked with many project companies, through from
feasibility to operating phase.
Additional disclosures pursuant to Schedule 2 (g) of the AIM
Rules:
Current Directorship's Previous Directorship's
Advanced Investments Limited None
Alive and Kicking UK (charity)
Alive and Kicking Ghana (Ghanaian
Company limited by guarantee to
become a social enterprise)
There is no other information that is required to be disclosed
with regards to the appointment of Tony Philip pursuant to Schedule
2 paragraph (g) of the AIM Rules.
Brian Rostron, a Mining Engineer with over 30 years
international experience and an expert on coal, joins Oracle's
management team as Mining and Contracts Manager. He is a Chartered
Engineer who has been responsible for the operational management of
various coal mining companies with overall responsibility for
production, financial performance, acquisitions and restructuring.
The companies and trade associations at which Mr Rostron has worked
include Miller Argent South Wales Ltd, H.J. Banks Mining, Scottish
Coal Company, Coal Contractors Ltd as well as the Confederation of
UK Coal Producers and UK member of Eurocoal Executive
Committee.
Mr Stead is a qualified accountant and brings with him
considerable experience of management roles in oil, gas, mining and
forestry industries, including Board roles at 25 companies. He has
led project finance negotiations with investment and commercial
banks, structured mergers and acquisitions, financially managed
internal audits and assessed controls in high risk
environments.
Shahrukh Khan, CEO, Oracle Coalfields, said:
"The calibre of people we continue to attract is second to none.
I'm delighted to be able to announce the appointment of Tony Philip
to the Board, his experience will prove invaluable as the company
looks to raise the project finance required to bring the flagship
coal resource in to development. In the same breath, the board
would like to thank Roderick Stead for his time as Interim Finance
Director and look forward to utilising his many years of experience
in natural resources and energy development in his new position on
the board.
"The appointment of Brian Rostron, with his 30 years of
experience as Chartered Engineer in global mines, will provide
valuable technical expertise in mine development as Oracle
Coalfields looks to maximise the value of this important and
strategic coal resource for Pakistan and shareholders alike."
ENQUIRIES:
Oracle Coalfields PLC
Shahrukh Khan, CEO
Telephone: +44 (0) 207 317 4050
Email: s.khan@oraclecoalfields.com
Blythe Weigh Communications
Tim Blythe, Ana Ribeiro, Matthew Neal
Telephone: +44 (0) 207 138 3204
Libertas Capital Corporate Finance Limited
Sandy Jamieson, Neil Pidgeon
Telephone: +44 (0) 207 569 9650
WEBSITE: www.oraclecoalfields.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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