Proactive Investors - Run By Investors For Investors

Solo Oil former finance director exits non-executive position

It comes as the company continues to transition under its recently appointed management team
oil and gas operations
Management's attention is increasingly on the Tanzania assets

Solo Oil PLC (LON:SOLO) has confirmed the exit of Donald Strang from his position as non-executive director.

Strang was previously finance director, appointed in 2014, before moving to the non-executive position in August 2016. He was associated with a number of companies that have been involved with the Horse Hill project and the broader Weald basin exploration play onshore UK.

READ: Solo Oil making “significant strides” under new management

Solo recently sold out of its stake in the Horse Hill oil discovery project.

In Monday’s statement, Solo told investors that it intends on appointing a new independent non-executive director in the near term, having regard to the QCA corporate governance code that it has adopted.

“The company is in an important transitional phase with best practice corporate governance a key deliverable for the board,” said Alastair Ferguson, Solo non-executive chairman.

“In this regard, we will be looking to appoint an independent non-executive director in due course."

View full SOLO profile View Profile

Solo Oil PLC Timeline

December 10 2018

Related Articles

oil and gas operations
July 20 2018
“To open up the well and have clean oil come to surface with no water meant the Gatwick Gusher gushed again – a lot earlier than we thought,” Lenigas said in exclusive interview with Proactive Investors’ Andrew Scott.
January 16 2019
Around 30% of total US oil production takes place in the Permian Basin
Celtic Sea
September 20 2018
“We expect to see share price appreciation as news of the planning stages indicates the approach of the drilling stages of the appraisal programme.”

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use