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Tangiers Appointed the Directors & Lifting of AIM Suspension

Source: www.gulfoilandgas.com 4/9/2014, Location: Not categorized

Tangiers Petroleum Limited is pleased to announce the appointments of Mr Michael Evans as Non-executive Chairman and Dr Stephen Staley as Non-executive Director of the Company with immediate effect.

Mr Michael Evans, a Chartered Accountant based in Perth, has extensive executive and board level experience with publicly listed companies in the natural resources sector spanning 30 years.

Michael was the founding Executive Chairman of ASX oil and gas explorer FAR Limited, a position he held from 1995 until his resignation in April 2012.

Under Mr Evans' stewardship, FAR established and built up an extensive international oil and gas portfolio spanning Africa, North America, China and Australia - with industry partners including Amoco, Shell, BHP, BP, Exxon, CNOOC, Woodside and Santos, amongst others. Mr Evans is currently the Non-executive Chairman of ASX-listed TNG Limited.

Dr Stephen Staley has 30 years' of management and technical experience in the European, African and Asian oil, gas and power sectors, including with Conoco and BP. More recently Stephen was founding Managing Director of upstream start-ups Fastnet Oil & Gas plc and Independent Resources plc and a Non-executive Director of Cove Energy plc. He is a Fellow of the Geological Society, holds a BSc (Hons.) in Geophysics from Edinburgh University, a PhD in Petroleum Geology from Sheffield University and an MBA from Warwick University.

Further details on the new Directors, including information required under the AIM Rules for Companies, is set out in the Appendix below.

With the above appointments, the board of Tangiers is again validly constituted under its constitution. As such, the Company's shares will resume trading on AIM today, 9 April 2014. Tangiers will remain suspended on the Australian Securities Exchange (ASX) pending the announcement of its financial report for the year ended 31 December 2013 in accordance with s319(1) of the Corporations Act 2001. This is expected to occur shortly.

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Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


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