Phoenix Global Resources PLC Board Change (8015O)
February 01 2019 - 2:18AM
UK Regulatory
TIDMPGR
RNS Number : 8015O
Phoenix Global Resources PLC
01 February 2019
1 February 2019
Phoenix Global Resources plc
("Phoenix", "PGR" or the "Company")
Board change
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream
oil and gas company, which offers its investors exposure to
Argentina's Vaca Muerta shale formation and other unconventional
resources, announces a change to the composition of the Board.
Matthieu Milandri, a non-executive director, has today resigned
from the Board, with immediate effect, to pursue other business
interests.
A replacement non-executive director will not be appointed at
this time. However, as Matthieu will no longer be working for
Mercuria and was one of the current Mercuria appointees under the
Relationship Agreement between the Company and certain Mercuria
entities, as more fully described in the Admission Document dated
24 July 2017, Matthieu will be replaced by Tim Harrington, a
non-executive director of the Company, as one of the Mercuria
appointees.
Sir Michael Rake, Chairman of Phoenix said:
"We would like to thank Matthieu for his invaluable insight and
major contribution to Phoenix over the time he has been a director
of the Company and wish him well in his future endeavours."
For further information, please contact:
Phoenix Global Resources Anuj Sharma, CEO T: +54 11 5258 7500
plc Kevin Dennehy, CFO
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
David Coaten
Panmure Gordon Charles Lesser T: +44 20 7886 2500
Camarco Billy Clegg T: +44 20 3781 8331
Owen Roberts
James Crothers
About Phoenix
Phoenix Global Resources is a London Stock Exchange (AIM: PGR)
and Buenos Aires Stock Exchange (BCBA: PGR) listed independent
Argentina focused oil and gas exploration and production company.
The Company has over 6.3 million licensed working interest acres in
Argentina (of which over 5 million are operated), 57.2 million boe
of working interest 2P reserves and average production of
approximately 9,750 working interest boepd in Q3 2018. Phoenix has
significant exposure to the unconventional opportunity in Argentina
through its 560,000 working interest acres with Vaca Muerta
potential.
The company's website is www.phoenixglobalresources.com
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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