Xplorer PLC Directorate Change (9814F)
01 Mai 2014 - 8:01AM
UK Regulatory
TIDMXPL
RNS Number : 9814F
Xplorer PLC
01 May 2014
Xplorer Plc
("Xplorer" or the "Company")
Appointment of Executive Chairman
International Energy Sector Executive to lead Xplorer
Xplorer Plc (LSE: XPL) the LSE Main Market listed investment
company focussing on the oil and gas sector, is pleased to announce
the appointment today of Roger Tucker as Executive Chairman. John
Davies, will remain on the board as a Non Executive Director.
Having completed a PhD in Sedimentology & Geochemistry in
1981, Mr Tucker started his thirty year career in the energy sector
with Exxon, culminating in his recent role as Senior Vice
President, Europe, of BG Group Plc, until May 2013. He has
accumulated senior level experience across a broad spectrum of
companies from the Major and Independent oil and gas companies to
emerging and private equity funded entities.
Having left Exxon in 1989, Mr Tucker joined LASMO with a mandate
to build its exploration interests in the North Sea, the Middle
East and Africa where he helped drive significant change through
the rationalisation of LASMO's asset portfolio.
He became LASMO's Director of Global Business Development in
1993 and having helped expand the company's interests, was promoted
to LASMO's Group Executive Committee four years later. In this
role, Mr Tucker was responsible for the company's Latin American
activities and oversaw a five-fold growth of oil production to
44,000 bopd.
Having departed LASMO in 2001, Mr Tucker focused his interest on
the Independent Oil & Gas sector in the roles of senior
executive director to four companies, in each case driving change,
accelerating productivity and sourcing investment. For example,
prior to his appointment to BG Group Plc, he had formed an
investment company to participate in the consolidation of UK small
cap energy companies, raising $400m investment in the process.
His appointment to BG Group Plc gave Mr Tucker responsibility
for its Europe operations which employed 700 staff, produced
140,000boepd and operated several fields and developments. In
addition to taking direct responsibility for Europe, he sat on the
Regional Executive and Investment Committees for the Americas,
Central Asia and Brazil.
John Davies, Non Executive Director, commented:
"Roger brings a wealth of experience to the table and in the
Board's view, no better person exists to take Xplorer forward with
its large and ambitious plans. July marks our first year as a
quoted company and during that short period, a huge amount has been
achieved behind the scenes.
"Our plan to enter into a substantial transaction remains firmly
in place and we look forward to providing shareholders with further
news shortly."
1 May 2014
Appendix
The Company confirms that there are no details to disclose under
paragraphs 9.6.13 R of the Listing Rules in respect of this new
director.
Enquiries:
Xplorer Plc www.xplorerplc.co.uk
John Roddison, Director +44 207 495 7429
Nicholas Nelson, Corporate Comms. +44 7921 522 920 nelson@nexfin.org.uk
Allenby Capital, Financial Adviser
& Broker
Nick Harriss, Director, Corporate
Finance +44 20 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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