Appointment of Non-Executive Director
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Borders & Southern (AIM: BOR), the London based independent oil and gas exploration company with assets offshore the Falkland Islands, announces that it has appointed Dr. W. Sean Guest as a Non-Executive Director with immediate effect.
- Guest is currently President and Chief Executive Officer of Valeura Energy Inc. an upstream oil and gas company with operations in Thailand and Turkey, listed on the TSX. He has been working internationally in the oil and gas industry for more than 35 years. Prior to joining Valeura, he was the CEO of two private junior companies and has held roles in Woodside, Shell and Schlumberger. Dr Guest holds a BSc in Geological Engineering from Queen's University and a PhD in Geological Sciences.
- Guest will not be paid a salary but has been issued with 7,300,000 share options, exercisable at 2.5 pence per share over a period of 10 years.
Harry Dobson, Chairman, commented:
"We are delighted to welcome Sean to the board given his expertise and track record of successfully growing international upstream companies as Borders & Southern repositions itself to progress the appraisal and development of the Darwin discovery."
AIM Rules disclosures
William Sean Guest, aged 62, currently holds or has held the following directorships in the past five years:
| Current: Valeura Energy Inc Valeura Energy Asia Pte. Ltd Valeura Energy (Thailand) Holdings Ltd Busrakham Oil (Thailand) Ltd Jasmine Venture Limited Busrakham Manora Ltd Busrakham G11 Ltd Busrakham Nong Yao Ltd Busrakham Jasmine Ltd Valeura Energy (Thailand) Ltd VE Varuna Ltd Valeura Holdings Ltd Northern Hunter Energy Inc Valeura (BVI) Holdings Ltd Valeura Energy Marine B.V. | Previous 5 years: Valeura Energy (Gulf of Thailand) Ltd Valeura Energy Netherlands BV |
Dr Guest holds no ordinary shares in the Company, and as above, holds 7,300,000 options in the Company, exercisable at 2.5 pence over 10 years.
Other than those as provided above, no other disclosures in relation to Dr Guest are required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
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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