Directorate Changes (6054Z)
January 17 2011 - 11:11AM
UK Regulatory
TIDMBPC
RNS Number : 6054Z
Bahamas Petroleum Company PLC
17 January 2011
17 January 2011
Bahamas Petroleum Company PLC
("Bahamas Petroleum" or the "Company")
Directorate Changes
Following a board meeting of 15 January 2011, Bahamas Petroleum,
the oil and gas exploration company with licences in The Bahamas,
is pleased to announce the appointment of Dr Paul Crevello as Chief
Executive Officer of the Company, effective immediately, taking
over the day to day responsibilities previously held by Alan Burns,
who will remain as Non-Executive Chairman of the Company.
Paul has 33 years experience in US domestic and international
exploration, in over 40 countries, and has received graduate
degrees from the University of Miami and Colorado School of Mines.
Paul joined Marathon Oil Company in 1978, where he directed
worldwide carbonate geologic exploration research. In 1994, he
started the first university petroleum studies in SE Asia, U.
Brunei, and in 1997 founded Petrex Asia. As Managing Director, he
developed Petrex Asia into the leading geological exploration
consulting firm in SE Asia, with exploration interests extending to
the Gulf of Mexico, Italy and North Africa. Petrex Asia provided
the first model for the depositional framework offshore NW Borneo
that has to date led to the discovery of more than four billion
barrels of oil equivalent and is still actively being explored.
Paul has received numerous awards and distinctions from
international societies for authorship and invited papers on
carbonate and sandstone reservoirs, AAPG International
Distinguished Speaker, Chairman of Joides Ocean Drilling Program
and numerous ancillary societies.
Alan Burns, Chairman, said:
"We have for some time planned this succession, the timing of
which has been influenced by my being diagnosed with a medical
condition which requires surgery followed by a period of
rehabilitation. Paul has had a distinguished oil and gas career and
we have worked very closely together in the development of the
Company. I am confident that Paul will be a world class CEO."
Dr Crevello, CEO, said:
"Alan is a visionary explorer and oil finder, and I am delighted
to be taking on the role of CEO of the Company under his guidance,
as Non-Executive Chairman".
Ends
Enquiries:
Bahamas Petroleum Company PLC Tel: +44 (0) 1624
Alan Burns, Chairman 64 1199
Dr Paul Crevello, CEO
Strand Hanson Limited Tel: +44 (0) 20
Rory Murphy / Liam Buswell 7409 3494
Novus Capital Markets Ltd Tel: +44 (0) 20
Peter Jackson 7107 1881
FirstEnergy Capital LLP Tel: +44 (0) 20
Hugh Sanderson / Derek Smith 7448 0200
Financial Dynamics Tel: +44 (0) 20
Billy Clegg / Ed Westropp 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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