4 August 2011
Sound Oil plc
("Sound Oil" or "the Company")
Two new appointments
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces the appointment of Chief Financial Officer and a non-executive Director.
James Parsons, aged 38, will be joining the Company on 5th September to take up the position of Chief Financial Officer. James has more than 17 years' experience in the fields of finance and corporate development in the energy industry. James joins Sound Oil from the European division of Inter Pipeline Fund, a Toronto listed petroleum transportation, storage and natural gas liquids extraction business, where he held the position of Finance and Corporate Development Director. He started his career with the Royal Dutch Shell Group in 1994 and has worked across both the downstream and upstream sectors in Brazil, the Dominican Republic, Scandinavia, Holland and London. Until 2006 James held the position of Vice President of New Business in Shell's Exploration and Production business.
Tony Heath will step down from his position as Chief Financial Officer on 5th September, the date of his retirement from executive duties in the Company. At that time Tony will be joining the Board as a non-executive Director and Chairman of the Audit Committee.
Commenting on the above changes Gerry Orbell, Chairman said:
"We are delighted to welcome James to the Company as Chief Financial Officer and I am confident that he will bring expertise and international experience to that role. He joins Sound Oil at an exciting time in the Company's development and we all look forward to working alongside him.
I have worked with Tony Heath for very many years and his advice and support have been invaluable to me and the Company over that time. On behalf of Sound Oil I would like to thank him for his efforts during the Company's formative years. I am pleased that we can continue to retain his expertise and rely on his advice in his new capacity as a member of the Board."
For further information please contact:
Gerry Orbell, Chairman
Tel: 44 (0)1372 365745
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Investec - Broker
Tel: 44 (0)20 7597 4000
Tel: 44 (0)20 7466 5000