REG - Barryroe Offshore - Directorate Change

Barryroe Offshore EnergyAnnouncement

07/11/2022 07:00

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RNS Number : 4521F  Barryroe Offshore Energy PLC  07 November 2022

CHAIRMAN STEPS DOWN AS PLANNED

 

Dublin and London - 7(th) November: Barryroe Offshore Energy announces that
James Menton will step down as a Director and Chair of the Board effective
today and in line with the market update provided at the end of August (RNS of
25(th) August).

The search for a replacement is ongoing and a number of strong candidates have
been identified and approached. The Board is confident that a successor will
be announced in due course.

In the interim period Peter Newman, senior independent non-executive Director,
has agreed to undertake the role of Chairman.

James Menton commented: "As I had earlier indicated to the Board, my intention
to step down reflects personal reasons and also has regard for my other
ongoing business commitments, which predated my appointment as a director of
Barryroe.  I would like to take this opportunity to sincerely thank my fellow
Board members, Alan Curran, staff members and advisors for their help and
guidance and also wish them every success in seeking to bring forward the
development of the strategic oil and gas resource at Barryroe."

Alan Curran, CEO commented: "James Menton has served 15 months as Chairman,
most of that period with an executive function. During that time, he steered
Barryroe Offshore Energy through a particularly difficult period and ensured
it remained tightly focused on the development of the Barryroe oil and gas
project. The Board acknowledges and thanks James for his efforts and
contribution and wishes him well in his future endeavours."

Barryroe Offshore Energy also announces that Colin Christie is joining the
team as Corporate Finance Advisor.  Colin brings a 37 year career in senior
finance roles in oil and gas and utilities across Europe, North America and
the Middle East for both listed and private companies. Colin's expertise will
be very important as Barryroe Offshore Energy progresses its plans for the
Barryroe oil and gas field.

 

INVESTOR ENQUIRIES:

Barryroe Offshore Energy P.l.c.
                            Tel: +353 1 219 4074

Alan Curran

Chief Executive

 

Investor Relations
 
Tel: + 353 1 219 4074

Job Langbroek

 

J & E Davy
 
Tel: +353 1 679 6363

Anthony Farrell

 

MEDIA ENQUIRIES

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

Tina Quinn

 

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