5 July 2016
Sound Energy plc
("Sound Energy" or the "Company")
Appointment of Non-Executive Chairman
Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that it has appointed Stephen Whyte, an existing Non-Executive Director of the Company, as Non-Executive Chairman with immediate effect.
Stephen Whyte has over 25 years' experience in the oil and gas industry. He was Chief Operating Officer / E&P Executive Director at Galp Energia for three years and prior to that spent three years as Senior Vice President Commercial at BG Group (following fourteen years with the Royal Dutch Shell Group).
The Company does not intend to appoint an additional Non-Executive Director in the short term, with a view to securing a structural cost reduction.
Stephen Whyte, Non-Executive Chairman of Sound Energy, commented:
"I am delighted with my appointment as Non-Executive Chairman at such a pivotal moment for the Company and look forward to working with James and his Executive Team."
James Parsons, Chief Executive Officer of Sound Energy, commented:
"It is with great pleasure that I welcome Steve as Chairman. I know that his connectivity to institutional and private equity investors will be invaluable in the next stage of evolution of our business and I look forward to success together."
For further information please contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper
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Tel: 44 (0)20 7830 9700 |
Sound Energy James Parsons, Chief Executive Officer
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j.parsons@soundenergyplc.com
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Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes
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Tel: 44 (0)20 7131 4000 |
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter
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Tel: 44 (0)20 7894 8896 |