REG - Deltic Energy PLC - Appointment of Non-Executive Director

Deltic EnergyAnnouncement

17/11/2021 07:05

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RNS Number : 5970S  Deltic Energy PLC  17 November 2021

 

17 November 2021

 

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

 

Deltic Energy Plc ("Deltic" or 'the Company')

 

Appointment of Non-Executive Director

 

Deltic Energy Plc, the AIM quoted natural resources investing company with a
high impact, natural gas focussed exploration and appraisal portfolio in the
Southern North Sea, is pleased to announce the appointment of Peter Nicol as
Non-Executive Director with immediate effect.

 

Peter has 40 years of experience in the energy sector both in industry and in
senior investment banking positions. He was previously Head of Oil and Gas
Research at GMP Securities Europe and prior to that held positions including
Global Sector Director of Oil and Gas Research at ABN Amro and Head of
European Oil and Gas Research at Goldman Sachs.

Peter has worked with several small-medium cap oil and gas companies and is
currently an independent non-executive director of exploration focussed
companies Touchstone Exploration Inc. and Eco (Atlantic) Oil & Gas Ltd,
both of which are AIM quoted and dual listed in Canada. He is also an
independent director of ERC Equipoise Limited, the independent energy
consultancy.

Peter started his career with British National Oil Corporation in various
commercial roles and holds a Bachelor of Science in mathematics and economics
from Strathclyde University.

 

Graham Swindells, Chief Executive of Deltic Energy, commented:

"We are delighted to welcome Peter to the Board of Deltic. Throughout his
career Peter has worked with and advised numerous exploration companies and
his wealth of energy, financial, city and public company experience will be
invaluable to Deltic as we progress to the next stage in our development. We
look forward to working with Peter and benefitting from his strategic counsel
as we continue to build on our partnerships with Shell and Cairn and progress
our conveyor belt of highly prospective gas focussed assets which will be an
invaluable domestic source of gas for the UK as it continues its path through
the energy transition towards net zero."

 

**ENDS**

 

 

For further information please contact the following:

 Deltic Energy Plc                                                              Tel: +44 (0) 20 7887 2630

 Graham Swindells / Andrew Nunn / Sarah McLeod

 Allenby Capital Limited (Nominated Adviser & Joint                             Tel: +44 (0) 20 3328 5656
 Broker)

 David Hart / Alex Brearley (Corporate Finance)
 Kelly Gardiner (Sales and Corporate Broking)

 Stifel Nicolaus Europe Limited (Joint                                          Tel: +44 (0) 20 7710 7600
 Broker)

 Callum Stewart / Simon Mensley / Ashton Clanfield

 Vigo Consulting (IR & PR                                                       Tel: +44 (0) 20 7390 0230
 Adviser)

 Patrick d'Ancona / Chris McMahon / Oliver Clark

 

Under schedule 2, paragraph (g) of the AIM Rules for Companies ("AIM Rules"),
the following additional information is disclosed:

Peter William Nicol, age 64, is currently a Director of:

·    Touchstone Exploration Inc

·    Eco (Atlantic) Oil & Gas Ltd

·    ERC Equipoise Limited

·    Thorogood Associates Limited

·    Thorogood Associates Europe Limited

·    Thorogood Associates India Private Limited

·    Locin Energy Limited

 

In the last five years Mr. Nicol has also not served as a Director or been a
partner in any other company.

Mr. Nicol does not currently hold any ordinary shares in the Company.

Mr. Nicol confirms there is no further information to be disclosed under Rule
17 and Schedule 2, paragraph (g) of the AIM Rules.

 

Notes to Editors

Deltic has created a strategically located portfolio of high-quality gas
exploration licences in the Southern North Sea over several licensing
rounds.  These licences are located in areas that have been underexplored
despite significant discoveries such as Tolmount, Breagh, Pegasus and Cygnus,
most of which have gone on to be developed and could provide ready access to
export infrastructure for future developments on Deltic's licence acreage.

 

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