Providence Resources - Appointment of Interim Chief Executive

Barryroe Offshore Energy

04/07/2022 07:00

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RNS Number : 0433R  Providence Resources PLC  04 July 2022

 

 

 

 

 

Appointment of Interim Chief Executive

 

Dublin and London - 4 July 2022

Providence Resources P.l.c (PVR), the Irish based energy company, today
announces that Alan Curran has been appointed Interim Chief Executive
effective 4(th) July. Following Alan's appointment, James Menton reverts to
his role as non-executive Chairman of the Board.

 

Alan's career spans 40 years in the oil and gas industry where he has held a
wide range of senior roles.  Most recently Alan led a transformational
restructuring strategy at Verus Petroleum.  As CEO from 2014 to 2019, he was
responsible for overseeing $500 million of acquisitions, involving successful
finance raising activity and extensive interaction with the banking and
investment communities.  The successful programme execution culminated in NEO
Energy acquiring Verus in 2019.

 

As a petroleum engineer, Alan began his career in the 1980's with Shell and
subsequently held director level roles at Oryx Energy, Kerr-McGee and Maersk
Oil.  In 2006 Alan was appointed Managing Director at Lundin Petroleum,
before joining Wood Group as Chief Executive of its North Sea business in
2009. Prior to his assignment with Verus, Alan held the position of COO with
Iona Energy.  Over the last two years Alan led Ortus Petroleum, an investment
vehicle for oil and gas exploration in north-west Europe.  Alan is based in
Aberdeenshire, Scotland.

 

James Menton, Chairman, Providence Resources said, "I am pleased that Alan has
agreed to join Providence Resources as Interim Chief Executive. As a Board,
our primary objective is to progress our appraisal programme leading to a
phased commercial development of the Barryroe oil and gas field. We are
confident that the field can be successful and I have no doubt that, with his
extensive experience in the oil and gas industry, Alan's knowledge and
expertise will assist the Board in optimising the Barryroe Field."

 

Alan Curran, Interim Chief Executive, Providence Resources, said, "I am
delighted to be joining Providence Resources at this pivotal time for the
company. As one of the largest undeveloped oil and gas fields offshore Europe,
there is no doubt that the Barryroe Field presents a unique opportunity to
develop a critically important Irish source of oil and gas to substitute some
of the imports that will be needed to meet ongoing demand during the energy
transition."

 

 

Investor Enquiries:

o  Providence Resources P.l.c.                 Tel: 353 1
219 4074

James Menton

Chairman

 

o  Investor Relations                                  Tel:
353 87 6620234

Job Langbroek

 

o  J & E
Davy                                                Tel:
353 1 679 6363

Anthony Farrell

 

Media Enquiries:

o  AM O'Sullivan
PR                                    Tel:
353 87 9881890 / tina@amosullivanpr.ie

Tina Quinn

 

 

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