23rd Jun 2008 07:00
For immediate release 23 June 2008
MELROSE RESOURCES PLC
("Melrose" or "the Company")
Appointment of Independent Non-Executive Director
Melrose Resources plc (LSE: MRS), the oil and gas exploration, development and production company, is pleased to announce the appointment of Dr Ahmed Lakhdar Kebaili as an independent non-executive director with immediate effect.
From 1995 until his retirement in 2006, Dr Kebaili, 64, was the Principal Petroleum Engineer for the International Finance Corporation ("IFC") based in Washington, D.C. In this role he led the technical evaluation of oil and gas financing projects and he played a major role in the investment decision process. Dr Kebaili was heavily involved in all technical phases of the portfolio management, business development, risk assessment and training activities of the Oil and Gas Division of IFC.
Prior to 1995, Dr Kebaili worked for Mobil Oil Corporation for approximately 15 years in several capacities. Before joining Mobil, Dr Kebaili worked for over six years for a Dallas-based petroleum engineering consulting firm focused on Middle East and North Africa, and OPEC countries.
Dr Kebaili is currently the principal of Tell Energy, an oil and gas consulting firm. He is a graduate of the University of Paris, and holds an MSc in Mathematics and a PhD in Petroleum Engineering from the University of Tulsa.
Robert Adair, Executive Chairman, commented:
"Ahmed's appointment as an independent non-executive director brings a significant amount of oil and gas industry experience in our main investment areas to the Melrose Board. We believe this will prove invaluable in facilitating the execution of our strategy and we are very pleased to welcome him to the Company."
No further details required under Listing Rule 9.6.13 of the UK Listing Authority remain to be disclosed.
For further information please visit www.melroseresources.com or contact:
|
Melrose Resources plc David Thomas, Chief Executive Robert Adair, Executive Chairman Munro Sutherland, Finance Director |
0131 221 3360 |
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Buchanan Communications Ben Willey Ben Romney |
0207 466 5000 |
Notes
Melrose Resources plc is an oil and gas exploration, development and production company with interests in Egypt, Bulgaria, the United States, France and Turkey. The Company has oil and gas production in Egypt, Bulgaria and the United States and it has a portfolio of exploration, appraisal and development drilling opportunities with a range of risk and reward profiles. Melrose is headquartered in Edinburgh and is a member of the FTSE250.
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