3Legs Resources plc Appointment of Chief Executive Officer (9908O)

TIDM3LEG

RNS Number : 9908O

3Legs Resources plc

18 October 2012

For immediate release

18 October 2012

3Legs Resources plc

Appointment of Chief Executive Officer

3Legs Resources plc (the "Company" and, together with its subsidiaries, the "Group" or "3Legs"), an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, is delighted to announce the appointment of Kamlesh Parmar as CEO.

Kamlesh Rameshbhai Parmar (aged 42) has been with the 3Legs Group (the "Group") since its activities commenced in 2007 and has previously held the position of Group Commercial Director and Poland Country Manager. He has overseen all aspects of the Group's operations in Poland since inception and, in particular, has managed the successful relationship with ConocoPhillips.

Mr. Parmar has achieved recognition both for the Company's achievements in Poland and for his own contribution to the development of the shale industry in Poland, being awarded "Professional of the Year" at Poland's inaugural Shale Gas Awards gala in 2011. Mr. Parmar is also one of the four members of the Management Board of OPPPW, the Polish upstream oil and gas industry association.

Mr. Parmar is currently a director of the 3Legs group of companies, as well as Darley Energy Poland Sp. z o.o., Darley Energy Plc, Tapar Limited and Tapar (PF) Limited. Within the last 5 years, he was previously a director at Castleford Mining plc and Cowley Mining plc.

Mr. Parmar currently holds 3,411,916 shares representing 4.02% of the issued share capital of the Company.

Peter Clutterbuck, outgoing CEO, has informed 3Legs of his intention to resign his position as a director and CEO of 3Legs, in order to pursue other business interests.

Tim Eggar, Chairman of 3Legs, commented,

"We are delighted that Kamlesh has decided to accept this position as CEO of 3Legs Resources. His contribution to the shale gas industry in Poland and to the Company as a whole since 2007 have been exceptional. We believe he has the skills and experience required to drive the 3Legs story forward from here.

I would also like to thank Peter for his efforts since he joined and wish him all the very best for the future."

Save for the information disclosed above there is no other information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

 
 For further information 
  contact: 
 
  3Legs Resources plc       Tel:    +44 1624 811 611 
 Tim Eggar, Chairman 
 Kamlesh Parmar, CEO 
 Alexander Fraser, CFO 
 
 Jefferies Hoare Govett     Tel:    +44 207 029 8000 
 Simon Hardy 
 Jamie Buckland 
 
 College Hill               Tel:    +44 207 457 2020 
 Matthew Tyler 
 Catherine Wickman 
 Nick Elwes

This information is provided by RNS

The company news service from the London Stock Exchange

END

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