TIDMPXEN

RNS Number : 9342J

Prospex Energy PLC

27 August 2021

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

27 August 2021

Prospex Energy PLC ('Prospex' or the 'Company')

Board Appointment

Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, is pleased to announce that, further to its 9 August 2021 RNS, Alasdair Buchanan has been appointed as an independent Non-Executive Director of the Company with immediate effect.

Alasdair is a highly experienced upstream oil and gas professional with considerable experience at senior executive and board director level with multi-national global service companies. For further details on Alasdair's background and experience, please refer to the Company's announcement of 9 August 2021.

Bill Smith, Chairman of Prospex commented: "The technical and operational expertise Alasdair brings to the Board will prove invaluable as we look to monetise our asset base and generate shareholder value. With the Selva gas field in Italy due to come online in 2022, a work programme in place to increase electricity generation at the El Romeral power plant in Spain, and the ongoing evaluation of new ventures, Alasdair's skillset and experience will be put to good use in the period ahead ."

Further information on Mr Alasdair Buchanan's appointment

The following details in relation to the appointment of Mr Buchanan are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Mr Alasdair Ian Buchanan (aged 60) has held the following directorships and/or partnerships in the past five years.

 
                               Past Directorships (last five 
 Current Directorships          years) 
 Mansefield Ventures Limited   Senergy Holdings Limited 
                              ------------------------------------- 
                               Senergy Oil & Gas Limited 
                              ------------------------------------- 
                               Senergy Resources Limited 
                              ------------------------------------- 
                               Senergy Limited 
                              ------------------------------------- 
                               Senergy Wells Limited 
                              ------------------------------------- 
                               Senergy (GB) Limited 
                              ------------------------------------- 
                               Senergy Lea Limited 
                              ------------------------------------- 
                               Senergy Alternative Energy Limited 
                              ------------------------------------- 
                               Senergy Development Solutions 
                                Limited 
                              ------------------------------------- 
                               Senergy Survey & Geoengineering 
                                Limited 
                              ------------------------------------- 
                               Senergy France Limited 
                              ------------------------------------- 
                               Senergy Econnect Limited 
                              ------------------------------------- 
                               Senergy Group Limited 
                              ------------------------------------- 
                               Senergy Trustees Limited 
                              ------------------------------------- 
                               LR Senergy Limited 
                              ------------------------------------- 
                               Interactive Petrophysics Ltd. 
                              ------------------------------------- 
                               Leading Edge Advantage International 
                                Limited 
                              ------------------------------------- 
                               Leading Edge Advantage (Sustainment) 
                                Limited 
                              ------------------------------------- 
                               Lloyd's Register Aligned Services 
                                Limited 
                              ------------------------------------- 
                               Floyd and Associates Holdings 
                                Limited 
                              ------------------------------------- 
                               Floyd and Associates Limited 
                              ------------------------------------- 
                               ISIS Energy Limited 
                              ------------------------------------- 
                               Ternan Limited 
                              ------------------------------------- 
                               Warrego Energy UK Limited 
                              ------------------------------------- 
 

There is no further information to be disclosed in relation to Mr Buchanan's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh       Prospex Energy PLC          Tel: +44 (0) 20 7236 
                                                             1177 
Rory Murphy      Strand Hanson Limited       Tel: +44 (0) 20 7409 
 Ritchie Balmer                                              3494 
Colin Rowbury    Novum Securities Limited    Tel: +44 (0) 20 7399 
 Jon Belliss                                                 9427 
Duncan Vasey     Peterhouse Capital Limited  Tel: +44 (0) 20 7220 
                                                             9797 
Frank Buhagiar   St Brides Partners Ltd      Tel: +44 (0) 20 7236 
                                                             1177 
 

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END

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August 27, 2021 02:00 ET (06:00 GMT)

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