REG - Ascent Resources PLC - Board Changes

Ascent ResourcesAnnouncement

18/02/2019 07:06

RNS Number : 2856Q
Ascent Resources PLC
18 February 2019
 


Ascent Resources plc
("Ascent" or the "Company")
Board Changes
The Board of Ascent is pleased to announce the following changes to the PLC Board.
Executive changes
John Edmund Buggenhagen, aged 49, who joined the management team as Chief Operating Officer on 14 January 2019 has today been appointed to the PLC Board.
John is an experienced and dynamic geophysicist with 20 years working knowledge of the industry. He was the CEO of Palomar Natural Resources, a Polish focussed E&P Company. Prior to that John was Director of Exploration for San Leon Energy in London, and Exploration Manager Europe for Aspect Energy/Hungarian Horizon. He holds a bachelor's degree in geophysics from the University of Arizona, a master's degree in geophysics from the University of Wyoming, and a Ph.D. in geophysics also from the University of Wyoming.
Non-Executive changes
Further to our announcement of 14 January 2019, Nigel Moore has retired from the board. Nigel had been a director of Ascent since 2006 and has provided valuable support to the Company including in his role as Chairman of the Audit Committee.
Louis Emmanuel Castro, aged 60, has been appointed as non-executive director and Chairman of the Audit Committee. Louis is a chartered accountant and former investment banker with more than 30 years' City and industry experience.
He was previously CFO at Eland Oil and Gas, an AIM listed upstream Oil and Gas company operating in Nigeria, and CEO at Northland Capital Partners, the investment bank and broker, where he represented a significant number of Oil and Gas clients. Louis is also a non-executive director and Chairman of the Audit Committee at Stanley Gibbons Group plc and Jangada Mines plc.
 
Colin Hutchinson, CEO of Ascent Resources plc, commented:
"I am delighted that both John and Louis have joined the board and very much look forward to working with them to progress our project in Slovenia and on developing our new ventures."
 



Ascent Resources plc
Colin Hutchinson, CEO
John Buggenhagen, COO
Cameron Davies, Chairman
 


0207 251 4905
 




WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Viggor


0207 220 1666




 
Yellow Jersey, Financial PR and IR
Tim Thompson / Harriet Jackson / Henry Wilkinson


 
0203 004 9512



 
APPENDIX
 
The following details in relation to the appointment of Mr. Buggenhagen are disclosed in accordance with Schedule 2(g) of the AIM Rules:



Current directorships


Past directorships held within the last five years




BRIDGECREEK RESOURCES (COLORADO) LLC
PALOMAR NATURAL RESOURCES LLC
WHITEWATER EXPLORATION LIMITED


ENERGIA ZACHOD SP. Z O.O.
ENERGIA ZACHOD HOLDINGS SP. Z O.O.
GORA ENERGY SP. Z O.O.
TSH ENERGY JOINT VENTURE BV
LIESA ENERGY SP. Z O.O.
PALOMAR NATURAL RESOURCES BVI
PALOMAR NATURAL RESOURCES (LUXEMBOURG) SARL
PALOMAR NATURAL RESOURCES (NETHERLANDS) BV
PNR SERVICES POLAND SP. Z O.O.
PNR SERVICES SP. Z O.O.
POLSKI PERMIAN ENERGY BV
POZNAN ENERGY BV
RAWICZ ENERGY SP. Z.O.O.
THUNDER RIVER ENERGY LLC
WHITEWATER EXPLORATION SERVICES LIMITED
WSCHOWA ENERGY SP. Z O.O.



 
 
The following details in relation to the appointment of Mr. Castro are disclosed in accordance with Schedule 2(g) of the AIM Rules:



Current directorships


Past directorships held within the last five years




Akonic Energy Limited
Jangada Mines plc
Hallwood Oil & Gas Inc
Hollingsworth Minerals Inc
Inception Energy Limited
Oryx Management Limited
Stanley Gibbons Group plc


Eland Oil & Gas plc
Northland Capital Partners Limited
Pan European Terminals plc
Swan Alley (Nominees) Limited



 
There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.
 




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