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Aurelian Oil & Gas completes reshuffle, all set for next phase of development

Published: 18:49 18 Sep 2009 AEST

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Aurelian Oil & Gas PLC (AIM: AUL) announced further board and management changes following the recent appointments of Rowen Bainbridge as chief executive officer and Mark Reid as chief financial officer.

It has appointed David Walker as an independent non-executive director. Walker is an experienced petroleum executive having held senior positions with Amoco and BHP Billiton (ASX: BHP; LSE: BLT). His experience in running Amoco’s Southern North Sea operations and track record in delivering operated major capital projects in Algeria, Pakistan and Liverpool Bay, will add greatly to the board’s operational knowledge as Aurelian moves its projects into the execution phase, the company said.

Michael Seymour is appointed exploration director and president and will remain an executive director; Frank Jackson and Roy Hartley will remain with the company in executive roles but will be retiring from the Aurelian board.

Paul Hilton has retired as a non-executive director and on December31 2009, John Lippitt will step down as a non-executive director.

The board will then consist of nine members: three independent non-executive directors, chairman David Prior, Malcolm Pattinson and David Walker; three directors representing substantial shareholders, Miles Donnelly, Dariusz Mioduski, and Nick Coats; and three executive directors, CEO Rowen Bainbridge, CFO Mark Reid and Michael Seymour.

Chairman Prior commented: “These changes represent the attainment of a further milestone in our plan to strengthen and sharpen the focus of the senior leadership team and board. Going forward there will now be greater emphasis on project delivery and finance from the executives and on oil and gas development experience from the non-executives.”

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