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Enteq Appoints Ian Leaman as CFO

Source: www.gulfoilandgas.com 4/30/2012, Location: Europe

Enteq, the oil and gas field services company, which has announced the conditional acquisition of substantially all of the operating assets and certain liabilities of XXT Incorporated (XXT) (the Acquisition) has also conditionally raised approximately £40.2 million (net of expenses) by way of a placing of 42,000,000 new ordinary shares (the Placing).

The Company is pleased to announce that Ian Leaman, Enteq’s interim Chief Financial Officer, was appointed to the Board of Directors as Chief Financial Officer on 27 April 2012. Ian Leaman was also appointed to the role of Company Secretary. Ian David Leaman (50 years old) is a Chartered Accountant who qualified with Deloitte (then Touche Ross). Subsequently, Ian has held both chief financial officer and advisory positions and has specialised in corporate finance, advising businesses in various sectors, both public and private, in acquisitions, disposals and fundraisings. He is Vice Chairman of the Institute of Chartered Accountants in England and Wales’s Corporate Finance Faculty and is a nonexecutive director of Octopus VCT3 plc.

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