Appointment of Non-Executive Director

Source: RNS
RNS Number : 9514S
Borders & Southern Petroleum plc
19 June 2024
 

19 June 2024

 

 

Borders & Southern Petroleum plc

("Borders & Southern" or "the Company")

 

Appointment of Non-Executive Director

 

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. 

 

Dr. 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.

 

Dr. 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.

 

For further information please visit www.bordersandsouthern.com or contact:

 

Borders & Southern Petroleum plc

Harry Baker, Chief Executive

Tel: 020 7661 9348

 

SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Stuart Gledhill / Richard Hail / Adam Cowl

Tel: 020 3470 0470

 

Tavistock (Financial PR)

Simon Hudson / Nick Elwes

Tel: 020 7920 3150

  

Notes:

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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