Board Appointment

RNS Number : 3171I

Andalas Energy And Power PLC

08 December 2015

 



8 December 2015

Andalas Energy and Power Plc ('ADL' or the 'Company')

Board Appointment

Andalas Energy and Power Plc, the AIM listed investing company, is pleased to announce the appointment of Mr Paul Warwick to the Board as Non-Executive Director, with effect from 8 December 2015. 

Mr Warwick recently retired from Talisman Energy Inc / Repsol SA where he was Executive Vice President and Executive Director for Europe, the Middle East and Africa.  Prior to this he held a number of senior level executive positions with ConocoPhillips in Indonesia, the Middle East, Europe and Africa.   Over the course of his career Mr Warwick has gained an excellent reputation for strong leadership and delivering significant improvements to the businesses he has managed.  His appointment supports the Company's strategy to acquire and develop onshore oil and gas producing concessions in the South Sumatran Basin of the highly prolific Indonesian hydrocarbons market. 

In 2001, Mr Warwick was appointed President and CEO of Gulf Indonesia Resources Ltd (NYSE) and in 2002 became President of ConocoPhillips Indonesia, overseeing the merger between Gulf Indonesia and Conoco Indonesia.  He led the successful completion of the Belanak floating storage and offloading vessel ("FPSO"), which at the time was the largest FPSO in the world; the development of the Corridor Block including the Suban field; the creation of the pipeline company TransgasIndo; secured gas sales from South Sumatra to Singapore and Batam and, with Perusahaan Gas Negera (PGN), secured an agreement to supply gas from South Sumatra to West Java.  Between 2004 and 2006, Mr Warwick was ConocoPhillips' President Middle East and North Africa during which he supervised the negotiations and sanction approval for the 7 Million Metric Tonne Per Annum ('MMTPA') US$7bn Qatar Gas 3 LNG project and the re-entry into the Libya Waha concession.  As ConocoPhillips' President of Europe and West Africa (2006 - 2009), he delivered over 450,000 boed net production and managed net yearly operating and capital budgets of more than US$3.5bn net.  While ConocoPhillips' President UK and Africa (2009-2012), he was accountable for businesses in the UK, Libya, Algeria and Nigeria managing capital budgets in excess of US$1.5bn.

In 2012, Mr Warwick was appointed Executive Vice President of Talisman Energy Inc. with responsibility across EMEA and South America.  Here, he was part of the Talisman executive team that delivered the successful sale to Repsol S.A where he became Executive Director.

Managing Director of Andalas Energy and Power, Mr David Whitby, said "I worked with Paul during a time of extraordinary growth in the Sumatran gas industry in which we were actively engaged and I am delighted that he will be joining the Company's Board as a Non-Executive Director.  With his substantial and multi-faceted experience in complex international markets including Indonesia, Paul brings with him a plethora of experience, knowledge and networks, which will compliment and support our management team.  Paul will be instrumental to the continued and successful advancement of our strategy in the region and we look forward to providing further updates in the coming months."

Mr Warwick is a Fellow of the Royal Institute of Naval Architects, the Welding Institute and the Energy Institute.  He has completed a Senior Executive Programme at the London Business School and the UK Cabinet Office Top Management Programme.  He has held various board positions including with the Indonesia Petroleum Association, PT TransgasIndo, Oil and Gas UK, Phoenix Park Gas Processors Limited, various joint venture companies including Qatar Gas 3 and 4, the American Chamber of Commerce of Trinidad and Tobago and internal companies in various global jurisdictions for Talisman and ConocoPhillips.  Mr Warwick completed a Master of Science degree at the Cranfield Institute of Technology in 1978, and became a Chartered Engineer in 1982.

Disclosures under Schedule 2 of the AIM Rules

Mr Warwick, aged 62, holds or has held the following directorships and/or partnerships in the previous five years:

Present Directorships/Partnerships

Past Directorships/Partnerships

Nil

Talisman Finance (UK) Limited Talisman UK Investments Limited Foreland Oil Limited Fortuna Resources (Sunda) Limited Paladin Resources Limited Rift Oil Limited Talisman (Jambi Merang) Limited Talisman Colombia Holdco Limited Talisman Perpetual (Norway) Limited Talisman Resources (Bahamas) Limited Talisman Resources (North West Java) Limited Talisman UK (South East Sumatra) Limited Tegsi (UK) LimitedRigel Petroleum (NI) Limited Rigel Petroleum UK Limited Talisman Sinopec Alpha Limited Talisman Sinopec Beta Limited Talisman Sinopec Energy UK Limited Talisman Sinopec LNS Limited Talisman Sinopec North Sea Limited Talisman Sinopec Oil Trading Limited Talisman Sinopec Transportation (UK) Limited Talisman Sinopec Trustees (UK) Limited Transworld Petroleum (UK) Limited Amulet Maritime Limited

Mr Warwick does not hold any ordinary shares in the Company.

No additional information relating to Mr Warwick is required to be disclosed under Rule 17 or Schedule 2 paragraph (g) of the AIM Rules for Companies.

For further information on the team and its core competencies please visit: www.corsairpetroleum.com

**ENDS**

For further information, please contact:

David Whitby	Andalas Energy and Power Plc	Tel: [phone]
Lindsay Mair James Thomas	Sanlam Securities UK Limited (Nomad and Joint Broker)	Tel: [phone]
Lucy Williams Charles Goodfellow	Peterhouse Corporate Finance Limited (Joint Broker)	Tel: [phone]
Colin Rowbury	Cornhill Capital (Joint Broker)	Tel: [phone]
Frank Buhagiar	St Brides Partners Limited	Tel: [phone]

Notes:

Andalas Energy and Power Plc is an AIM listed investing company focused on investing in and/or acquiring companies and/or projects within the natural resources and/or energy sector with potential for growth. 

 

END

 

 

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