Result of AGM and Appointment
For immediate release: 30 September 2010
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Result of Annual General Meeting &
Appointment of Non-Executive Directors
Rockhopper Exploration plc (AIM:RKH), the North Falkland Basin oil and gas exploration company, announces that the Company held its annual general meeting today and all resolutions were duly passed. The levels of proxy appointments and associated voting instructions received prior to the meeting are set out in Appendix I. The presentation given at the meeting will be made available on the Company's website.
The Company is also pleased to announce the appointment of David McManus and Robert John Peters as Independent Non-Executive Directors, effective immediately.
David McManus, aged 57, is a petroleum Engineer with a degree from Heriott Watt University with 35 years experience in the Oil and Gas industry, with Shell, Ultramar, ARCO and BG group. He has extensive project Management and commercial expertise at high level, and is currently a Director of Cape plc and Pioneer Natural Resources.
Robert John Peters, aged 62, is a Solicitor and Graduate from Durham University, with a long career in Industry and Legal practice. He joined Imperial Chemical Industries Plc group legal department in 1976 and became Deputy Group General Counsel in 1993 until 2000 when he joined Mayer Brown as Corporate Partner. Whilst at Imperial Chemical Industries he was involved in the company's E&P subsidiary in the 1980s.
Additionally, with effect from today, Sam Moody has moved from Managing Director of the Company to Chief Executive Officer and Dr. Pierre Jungels has moved from Executive Chairman to Non-Executive Chairman of the Company.
Dr. Pierre Jungels, Chairman of Rockhopper Exploration, said:
"I am very pleased that people of the calibre of David McManus and Robert Peters have agreed to join our Board at this exciting time. The appointment of David and Robert brings to Rockhopper's Board significant additional skills as the Company moves towards its full appraisal and possible development programmes. These appointments further strengthen the Company's corporate governance, by improving the balance between Non Executive and Executive Directors.
In addition, I believe that our Managing Director Sam Moody has demonstrated exceptional leadership since the Company's inception six years ago and the time is now right for me to move into a non-executive Chairman's role and for Sam to take on the position of Chief Executive Officer.
I am also pleased to confirm that Chris Walton will take on the role of Senior Independent Director in addition to his Chairmanship of the Audit Committee."
AIM Rules disclosure under Schedule 2(g) of the AIM Rules
There is no other information that is required to be disclosed with regards to the above mentioned appointment pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:
Current directorships (Mr. McManus)
Cape plc
Pioneer Natural Resources UK Limited
Current directorships (Mr. Peters)
None
Previous directorships within the past five years (Mr. McManus)
None
Previous directorships within the past five years (Mr. Peters)
Moriconium Quay Management Company Limited
Moriconium Quay Freehold Limited
Enquiries:
Rockhopper Exploration plc
Sam Moody - Managing Director
Tel. +44 (0) 20 7920 2340 (via M: Communications)
M: Communications
Patrick d'Ancona or Ben Simons
Tel. +44 (0) 20 7920 2340
Canaccord Genuity Limited
Robert Finlay / Henry Fitzgerald-O'Connor
Tel. +44 (0) 20 7050 6500
Notes to Editors
Rockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per cent. interest in four offshore production licences: PL023, PL024, PL032 and PL033 which cover approximately 3,800 sq. km. Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, which are operated by Desire Petroleum. These licences have been granted by the Falkland Islands government.
An extensive work programme has been carried out over a number of years on the licences operated by Rockhopper. This has included 2D and 3D Seismic and Controlled Source Electromagnetic Mapping (CSEM). In February 2010, the Ocean Guardian drilling rig arrived in Falkland waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which was the first oil discovery and Contingent Oil Resource in the North Falkland Basin. The Sea Lion discovery was successfully tested during September 2010 and was the first oil to flow to surface in Falkland Islands waters.
Rockhopper Exploration plc www.rockhopperexploration.co.uk
Appendix I
|
Resolution Number |
Number of Shareholders From Which Proxy Votes have been received
|
Proxy Votes For The Resolution |
Voted % |
Proxy Votes Against The Resolution
|
Voted % |
Total Shares Voted |
Total Shares Voted as % of Total Issued Share Capital
|
|
1 |
311 |
66,486,804 |
100% |
0 |
0.0% |
66,486,804 |
34.5% |
|
2 |
314 |
65,493,975 |
98.5% |
997,370 |
1.5% |
66,491,345 |
34.5% |
|
3 |
313 |
66,092,397 |
99.4% |
398,948 |
0.6% |
66,491,345 |
34.5% |
|
4 |
314 |
65,493,975 |
98.5% |
997,370 |
1.5% |
66,491,345 |
34.5% |
|
5 |
315 |
65,499,186 |
98.5% |
997,450 |
1.5% |
66,496,636 |
34.5% |
|
6 |
315 |
65,499,571 |
98.5% |
997,455 |
1.5% |
66,497,026 |
34.5% |
|
7 |
314 |
66,098,044 |
99.4% |
398,982 |
0.6% |
66,497,026 |
34.5% |
|
8 |
311 |
66,496,410 |
100.0% |
0 |
0.0% |
66,496,410 |
34.5% |
|
9 |
313 |
65,833,533 |
99.0% |
664,985 |
1.0% |
66,498,518 |
34.5% |
|
10 |
313 |
65,737,068 |
98.9% |
731,150 |
1.1% |
66,468,218 |
34.5% |
|
11 |
315 |
66,228,982 |
99.7% |
199,285 |
0.3% |
66,428,267 |
34.5% |
This information is provided by RNS
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