Solo Oil Plc Appointment of Independent Non-Executive Director (8850S)
11 Novembre 2019 - 08:00AM
UK Regulatory
TIDMSOLO
RNS Number : 8850S
Solo Oil Plc
11 November 2019
11 November 2019
Solo Oil plc
("Solo" or "the Company")
Appointment of highly experienced Independent Non-Executive
Director ahead of relaunch as Scirocco Energy
Solo (AIM: SOLO), a gas-focused production and development
company targeting attractive growth opportunities within the
European gas market, is pleased to announce the further
strengthening of its Board of Directors, with the appointment of Mr
Don Nicolson as an Independent Non-Executive Director, effective
immediately.
Mr Nicolson is a senior business leader with over 35 years'
experience in the oil, gas, mining and natural stone sectors. He
has held multiple Board and senior executive roles both in the UK
and internationally.
This included 26 years with BP where he ran oil and gas
businesses in the UK, United States and Canada. Key roles included
Director North Sea where he was accountable for a multi-billion-US
dollar turnover and a workforce of c.2000; Chief of Staff to BP's
CEO (E&P); Vice President BP Alaska and Vice President BP
Canada.
Don has significant relevant experience of managing gas
production and infrastructure assets. During his time with BP, he
was accountable for the management of multiple gas fields in
Western Canada, the United States, the UK North Sea and the CATS
Gas Pipeline System, which at the time shipped around 10% of the
UK's gas production.
In addition to his oil & gas roles, he has Board level and
senior executive experience in publicly listed and private
companies in both coal and natural stone sectors. This included CEO
of Scottish Resources Group, which at the time was the UK's largest
surface mining coal producer with multiple mines and a workforce of
c.1,000. He has fundraising experience in both the equity and debt
markets.
Most recently, Don was Chairman and interim CEO of the natural
stone company, Levantina, headquartered in Spain. The company
operates multiple mines including El Coto, believed to be the
world's largest Crema Marfil mine, as well as processing factories
and global distribution centres.
He currently is an E&P Steering Group member for Scottish
& Southern Energy plc, a FTSE 100 company, which has gas assets
in the Southern North Sea and West of Shetland, and is also Senior
Adviser and Vice Chairman-designate for AIM-quoted, Fox Marble
Holdings plc.
Subject to completion of the proposed reverse takeover
transaction announced by the Company on 9 October 2019, Scirocco's
Board will be comprised of six Directors - a CEO, CFO, COO and
three Non-Executive Directors. It is intended Don will Chair the
Audit Committee, and be a member of the Remuneration Committee, at
Scirocco.
Commenting on the appointment, Alastair Ferguson, Non-Executive
Chairman, said:
"As Chairman, it is my pleasure to welcome Don to the Board in
this transformational period for the Company. His extensive
skillset and experience further strengthens the Board and will
provide invaluable contribution as we look at additional growth
opportunities to establish the company as a mid-cap gas producer
and developer in the European gas market. In particular, his
experience at BP will be highly beneficial to the Company as we
further develop the Dutch North Sea assets that we are in the
process of acquiring and continue to assess further value accretive
acquisitions. We look forward to working with Don as the Company
continues to deliver on our strategic objectives."
Further information on Mr Nicolson as required in accordance
with Schedule 2(g) of the AIM Rules:
Donald ("Don") Oag Nicolson, aged 59
Current Directorships / Partnerships Directorships / Partnerships
held in the last 5 years
n/a Levantina Y Asociados De Minerales,
SAU
Nordic Energy plc
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules.
For further information:
Solo Oil plc
Tom Reynolds, CEO
Doug Rycroft, COO
Romina Mele-Cornish, CFO +44 (0) 20 7440 0642
Strand Hanson Limited, Nominated Adviser
James Spinney / Ritchie Balmer / Rory Murphy +44 (0) 20 7409 3494
Buchanan, Financial PR
Ben Romney / Kelsey Traynor / James Husband +44 (0) 20 7466 5000
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse 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
MSCCKKDKKBDBPDD
(END) Dow Jones Newswires
November 11, 2019 02:00 ET (07:00 GMT)
Grafico Azioni Scirocco Energy (LSE:SCIR)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Scirocco Energy (LSE:SCIR)
Storico
Da Mar 2023 a Mar 2024