Global Energy Development PLC Appointment of Non-Executive Director (0685Z)

TIDMGED

RNS Number : 0685Z

Global Energy Development PLC

03 February 2014

Immediate Release 3 February 2014

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company" or "Global")

BOARD APPOINTMENT - NON-EXECUTIVE DIRECTOR

Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company (AIM: GED) with operations in Colombia, is pleased to announce the appointment of Mr. Donald Zac ("Zac") Phillips to the Company's Board as Non-Executive Director with immediate effect.

Mr. Phillips, aged 41 and a UK national, has over 16 years of experience in the finance and energy industry. Mr. Phillips holds a chemical engineering degree and a doctorate of chemical engineering from BP and the University of Bath. He is a member of the Society of Petroleum Engineers ("SPE") and Institute of Chemical Engineers ("IChemE").

From 2006 to 2010, Mr. Phillips served as Chief Financial Officer and founding director of Dubai World's Oil & Gas Business, DB Petroleum (formerly BSG Energy). He currently acts as an independent energy consultant to companies during periods of development and expansion, assisting with areas such as investment banking, asset valuation, mergers, acquisitions and capital market activity through Phillips Energy Consultants, a financial management firm he founded. He also currently holds the role of non-executive director for Kairos Petroleum, an international company involved in the development of oil fields in Nigeria.

Mr. Phillips is currently, or within the last 5 years has been, director or partner of the following companies:

 
 Current directorships/partnerships   Previous directorships 
                                       and partnerships 
 
 Kairos Petroleum Resources           DB Petroleum 
  Limited 
 Philips Energy Consultants           DB Petroleum Corporate 
  Limited                              Services 
                                      DB Petroleum Treasury 
                                       Services 
                                      DBP Azeri Holdings 
                                      DBP Kura Valley South 
                                      DBP Services (UK) Limited 
                                      DBP World 
                                      Eagle 1

Mr. Phillips currently holds 4,872 shares in the capital of the Company. There is no further information to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

For further information please contact

Global Energy Development PLC

 
                                    +001 817 310 
  Anna Williams, Finance Director            0240 
  awilliams@globalenergyplc.com 
   www.globalenergyplc.com 
 
 
 Northland Capital Partners Limited 
                                       +44 (0)20 7796 
  Louis Castro                          8800

Lauren Kettle

This information is provided by RNS

The company news service from the London Stock Exchange

END

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