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Friday 01 May, 2009

Sovereign Oilfield

Directorate Change

RNS Number : 6245R
Sovereign Oilfield Group plc
01 May 2009
 



FOR IMMEDIATE RELEASE

1 May 2009



SOVEREIGN OILFIELD GROUP Plc


('Sovereign' or 'the Company' or 'the Group')


Directorate Changes


Sovereign Oilfield Group Plc (AIM: SOGP) is pleased to announce the appointment of Mr. Chris McGeehan, as Group Chief Operating Officer, with immediate effect.


Mr. McGeehan, aged 47, joined Sovereign in 2005 on the acquisition of Caledonian Petroleum Services Limited ('CPS') which he joined in 1993. Prior to joining CPS, Chris worked in a variety of roles in the fabrication industry. Since 2007 he has been Chief Operating Officer of Sovereign Fabrication Services, the Group's Holding company for its seven fabrication businesses, where he was charged with optimising these businesses performance and systems, developing synergies between the businesses to reduce overall cost and so they can combine to service larger contracts, and developing the business in the Middle East.


In addition, the Company announces today that Mr. Graham Burgess has been appointed as Executive Chairman with immediate effect. 


Mr. Geoffrey Stuart Pearson, who has been Acting Chairman, will continue as a Non Executive Director.


Commenting on the appointment of Mr. McGeehanGraham Burgess said'We are delighted to welcome Mr. McGeehan to the Board and are confident that he will continue to make a growing contribution to the development of the Company.'


The Companies in which Mr. McGeehan has been a director of in the past five years are as follows:


Current Directorships:


Sovereign Fabrication Services Limited

Caledonian Petroleum Services Limited

O.I.L. Engineering Limited

O.I.L. Engineering Middle East LLC

RDPrecision Engineers Limited

Forfab Limited

Labtech Services Limited

Labtech Holding Company Limited

Vertec Engineering Limited

Cooltime Engineering Services Limited

Cairngorm Holdings Limited

Findgolden Limited

Sovereign Dimensional Survey Limited


Save as disclosed above, there are no further details required to be disclosed pursuant to schedule 2(g) of the AIM rules.


Further information:

Sovereign Oilfield Group Plc 

Graham Burgess, Executive Chairman

Julie Cowie, Finance Director


Tel: 01224 261900

Charles Stanley Securities - Nominated Advisor

Mark Taylor


Tel: 0207 149 6000

Buchanan Communications

Tim Thompson / Catherine Breen


Tel: 0207 466 5000



About Sovereign Oilfield Group Plc


Sovereign, which joined AIM in September 2005, was formed in October 2003, by Dr Peter Felter and Mr Graham Burgess, for the specific purpose of developing an oilfield service company focused on:


  • The provision of engineering, fabrication and drilling services and personnel to oil and gas companies and contractors in the UK and internationally

  • The promotion of new 'high tech' IP and technologies for enhancing oil and gas drilling and production.







This information is provided by RNS
The company news service from the London Stock Exchange
 
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