REG - Borders & Southern - Management and Board Changes

Borders and Southern PetroleumAnnouncement

14/02/2024 10:00

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RNS Number : 1220D  Borders & Southern Petroleum plc  14 February 2024

14 February 2024

 

 

Borders & Southern Petroleum plc

("Borders & Southern" or the "Company")

 

Management and Board Changes

 

 

Borders & Southern Petroleum plc (AIM: BOR), the London based independent
oil and gas exploration company with assets offshore the Falkland Islands,
provides notification of changes to the Board of Directors and management
team.

 

Howard Obee has informed the Board that he intends to stand down as Chief
Executive Officer. As one of the co-founders, he has led the Company for
nearly 20 years, delivering exploration success, including the Company's
Darwin gas condensate discovery.

 

The Board is pleased to announce that Harry Baker will assume the role of
Chief Executive Officer from 1 March 2024. Harry has nearly 24 years of
capital markets experience from previous roles with Auctus Advisors, GMP First
Energy, Mirabaud Securities and Canaccord Capital. Harry brings a wealth of
experience in the Natural Resources sector.

 

Howard has agreed to stay on until 29 February 2024 to support the transition
to the new leadership.

 

Harry Dobson, Non-Executive Chairman, said:

 

"I'd like to thank Howard for his role in leading the Company since its
inception and wish him all the best in his future endeavours. The technical
work undertaken by Howard and his team in opening up a new basin is second to
none, and both I and the Board are grateful for all he has done to progress
the Darwin discovery to this point. I sincerely believe that the South
Falklands Basin will achieve recognition as a world class hydrocarbon system
and he can be proud of what he has achieved in his time with the Company.

 

"I am delighted to welcome Harry Baker to the Board and look forward to
working with him in this next phase of the Company's development."

 

AIM Rules Disclosures

 

Mr Henry ("Harry") Charles Baker, aged 48, currently holds or has held the
following directorships and partnerships in the last five years:

 

 Current directorships / partnerships  Previous directorships / partnerships
 Alana Capital Ltd                     Auctus Advisors LLP
 Baker Melling Ltd

 

Mr Baker holds no ordinary shares or options in the Company.

 

Other than those as provided above, no other disclosures in relation to Mr
Baker are required under Rule 17 and Schedule 2(g) of the AIM Rules for
Companies.

 

 

For further information, please visit www.bordersandsouthern.com
(http://www.bordersandsouthern.com/)  or contact:

 

 Borders & Southern Petroleum plc

 Howard Obee, Chief Executive

 Tel: 020 7661 9348

 SP Angel Corporate Finance LLP (Nominated Advisor and Broker)

 Stuart Gledhill / Richard Hail / Adam Cowl

 Tel: 020 3470 0470

 Tavistock (Financial PR)

 Simon Hudson / Nick Elwes

 Tel: 020 7920 3150

 

Notes to Editors:

Borders & Southern Petroleum plc is an oil & gas exploration company
listed on the London Stock Exchange AIM (BOR). The Company operates and has a
100% interest in three Production Licences in the South Falkland Basin
covering an area of nearly 10,000 square kilometres. The Company has acquired
2,517 square kilometres of 3D seismic and drilled two exploration wells,
making a significant gas condensate discovery with its first well.

 

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