REG - Enwell Energy PLC - Board Changes

Enwell EnergyAnnouncement

25/08/2022 07:00

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RNS Number : 1369X  Enwell Energy PLC  25 August 2022

25 August 2022

Enwell Energy plc
("Enwell" or the "Company")

 

Board Changes

 

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and
production group, announces certain changes to the Board of Directors of the
Company.

 

With immediate effect, Mr Dmitry Sazonenko has stepped down as a Non-Executive
Director of the Company, and Dr Gehrig Schultz has joined the Board as a
Non-Executive Director of the Company.

 

Dr Schultz is a geophysicist with extensive experience in the global oil and
gas industry. He commenced his career in South America, with management roles
with Western Geophysical Inc. and Grant Geophysical Inc., before joining PGS
Onshore Inc. to assist with the development of its geophysical business
worldwide. He was then Chairman and Chief Executive Officer of Prospectiuni
S.A. and Chairman of Tender Oil & Gas Limited, before founding Surus
Geophysical B.V. to provide geophysical consulting services. He joined EPI
Limited in 2018 as Chief Operating Officer of Geoscience, and currently leads
the geoscience division.

 

Dr Schultz is a member of the European Association of Geophysical Engineers,
and of the Executive Coordinating Committee of the Continental European Energy
Council, and has a BSc in Geophysical Engineering from the Colorado School of
Mines, and a PhD in Geophysics from the University of Bucharest.

 

The Company wishes to extend its appreciation to Dmitry Sazonenko for his
valued contribution during his tenure with the Company, and to welcome Gehrig
Schultz to the Board.

 

Additional information:

 

Gehrig Stannard Schultz, aged 58, is currently a director of the following
company:

 

EPI Limited

 

In the last five years he was a former director of the following company:

 

Surus Geophysical B.V.

 

In addition, he was formerly a director of Prospectiuni S.A. within twelve
months of it entering into special administration insolvency protection in
April 2016, from which it was subsequently discharged with no deficit to
creditors.

 

There is no other information that is required to be disclosed pursuant to
paragraph (g) of Schedule Two to the AIM Rules for Companies.

 

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

For further information, please contact:

 

 Enwell Energy plc                                 Tel: 020 3427 3550
 Chris Hopkinson, Chairman
 Sergii Glazunov, Chief Executive Officer
 Bruce Burrows, Finance Director

 Strand Hanson Limited                             Tel: 020 7409 3494
 Rory Murphy / Matthew Chandler

 Arden Partners plc                                Tel: 020 7614 5900
 Ruari McGirr / Elliot Mustoe (Corporate Finance)
 Simon Johnson (Corporate Broking)

 Citigate Dewe Rogerson                            Tel: 020 7638 9571
 Ellen Wilton

 

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