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Atlantic Petroleum P/F — Board/Management Information 2016
Dec 9, 2016
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Download source fileTórshavn, Faroe Islands, 2016-12-09 07:50 CET (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum (NASDAQ OMX Copenhagen: ATLA DKK and Oslo Stock Exchange: ATLA NOK)
is pleased to announce that pursuant to the Loan Agreement with London Oil and
Gas announced 25th May 2016, Mr David Peattie has been nominated as candidate
for the Board of Directors of Atlantic Petroleum.
David is a highly experienced oil and gas professional with over 35 years’
industry experience. Most recently, David was CEO of Fairfield Energy, an oil &
gas company owned by a syndicate of North American and European private equity
investors, led by Riverstone and Warburg Pincus. David began his career at BP
in 1979 as a petroleum engineer and during his 33 year tenure at the company
held a number of technical, commercial and senior management positions
including Head of BP Russia responsible for BP’s interests in TNK-BP as well as
its businesses in the Russian Arctic and Sakhalin. In addition, he was BP’s
lead Director on the board of TNK-BP.
David is currently Non-Executive Chairman of UK focused Independent Oil and Gas.
David has a B.Sc. (Hons.) degree and is a Chartered Engineer and Member of the
Institute of Materials, Minerals and Mining.
An Extraordinary General Meeting will be called in the near future to formalise
this appointment.
Also, pursuant to the Loan Agreement with London Oil and Gas Clint Redman will
be joining Atlantic Petroleum in December as Head of Corporate Finance.
Clint has worked in the investment banking industry for 35 years covering a
wide range of markets from equities through to financial futures. His core
skills however have been in the fixed income and corporate finance markets
where he has created some innovative products that have changed the face of
funding for the corporate market.
Clint has worked across the globe from Tokyo to New York for some of the
world’s largest investment banks which include Goldman Sachs, Oppenheimer,
Drexel Burnham, and Lehman Brothers and brings a wealth of knowledge and
contacts.
In the early 80’s Clint had the honour of transacting the very first trade ever
done on the LIFFE market.
Ben Arabo CEO said:
“We are very pleased to be able to announce that David Peattie and Clint Redman
will be joining Atlantic Petroleum, and I look forward to be working with David
and Clint on our future expansion and on delivering the value from Orlando &
Kells. David’s experience from Europe, Russia and the Eurasian region will be
of great benefit to Atlantic Petroleum and I also look forward to draw on
Clint’s experience in providing innovative funding models for upstream
projects.”
Atlantic Petroleum in brief:
Atlantic Petroleum participates in oil and gas joint ventures with reputable,
international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe
Islands, and the Company currently has subsidiaries and offices in London, UK
and Bergen, Norway. Atlantic Petroleum’s existing shares are listed on NASDAQ
OMX Copenhagen and on Oslo Stock Exchange.
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 550100
([email protected]). This announcement will be available, together with
other information about Atlantic Petroleum, on the Company's website:
www.petroleum.fo.
On the website, it is also possible to sign up for the Company’s e-mail
newsletter.
Announcement no.20/2016
Issued 09-12-2016
P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +44 203 879 0524
Website: www.petroleum.fo
E-mail: [email protected]