6th Jan 2014 08:48
LONDON (Alliance News) - Circle Oil PLC Monday said it has appointed Stephen Jenkins as chairman with immediate effect.
The exploration and development oil and gas company said Jenkins was previously chief executive officer of Nautical Petroleum PLC, which successfully drilled oil discoveries in the North Sea and was sold for GBP414 million to Cairn Energy in 2012.
"In Steve Jenkins we have a highly qualified and respected new chairman. I look forward to working with Steve as we enter an exciting time for Circle and its stakeholders," Chief Executive Officer Chris Green said in a statement.
Circle Oil shares were up 4.4% to 21.00 pence, putting them in the top AIM movers in early trading Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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