Sound Energy PLC Executive Changes and Change of Registered Office (9538H)
August 24 2016 - 2:00AM
UK Regulatory
TIDMSOU
RNS Number : 9538H
Sound Energy PLC
24 August 2016
24 August 2016
Sound Energy plc
("Sound Energy" or the "Company")
Strengthening of Executive Leadership and Change of Registered
Office
Sound Energy, the European and African focused upstream company,
announces a series of executive changes aimed at strengthening its
technical leadership.
Following the Company's recent gas discovery at Tendrara,
onshore Morocco and the resultant potential for the Eastern Morocco
TAGI play to be a material hydrocarbon province, the Company
announces the following executive appointments:
-- Brian Mitchener joins Sound Energy as Executive Vice
President ("EVP") Exploration, based in the UK. Brian was
previously Regional General Manager of Exploration at BG Group plc
and has over 35 years experience in Exploration leadership in BG,
Statoil and BP. Brian brings a wealth of African exploration
experience to the Sound Energy executive team.
-- Leonardo Spicci, previously Sound Energy's Managing Director
Italy, will assume the role of EVP Development / Production, based
in the UK.
-- Leonardo Salvadori, previously Sound Energy's Business
Development Director, will assume the role of Managing Director
Italy, based in Milan.
Luca Madeddu (Managing Director Morocco), Mary Hood (EVP Finance
/ CFO), and Fred Lacuha (General Counsel) all remain in their
current roles.
The Company's executive team, led by James Parsons (Chief
Executive Officer), therefore now consists of:
-- EVP Exploration
-- EVP Development / Production
-- Managing Director Morocco
-- Managing Director Italy
-- EVP Finance / CFO
-- General Counsel
The Company also intends to appoint a Vice President of Business
Development in due course.
Change of Registered Office
The Company also announces that its registered office has
changed, with immediate effect, to 1(st) Floor, 4 Pembroke Road,
Sevenoaks TN13 1XR.
James Parsons, Sound Energy's Chief Executive Officer,
commented:
"This is a pivotal time for the Company as we initiate the
drilling of our second well at Tendrara (with a view to proving a
sub-horizontal drilling concept), finalise our plans for the
outpost well at Tendrara (with a view to proving Tendrara's multi
Tcf potential) and initiate the countdown to our second Strategic
Play, Badile.
I am extremely pleased to welcome Brian Mitchener, a proven
world class hydrocarbon finder. The Sound Energy team now has the
depth of management to handle simultaneous wells and to ensure
robust technical assurance at key decision gates.
This strengthening of our leadership strikes a balance between
staffing for success in Morocco and maintaining a low cost base
whilst keeping the existing tight-knit team together.
I look forward to continued success together."
For further information, please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700
Patrick d'Ancona
Chris McMahon
Alexandra Roper
Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
Cantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896
Sarah Wharry
David Porter
This information is provided by RNS
The company news service from the London Stock Exchange
END
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