John van der Welle, (aged 58) is a chartered accountant with 30 years’ experience in the oil and gas industry and is currently a non-executive director of AIM listed exploration companies Hurricane Energy plc and Lekoil Limited. John has previously been a senior executive with, or director of, a number of UK listed upstream oil and gas companies – Enterprise Oil, Hardy Oil and Gas, Premier Oil, First Calgary Petroleums and Stratic Energy Corp. John was also a non-executive director of Madagascar Oil from its IPO on AIM in 2010 until December 2012.
Mr Peter Taylor, who has been acting non-executive Chairman, will now resume his role of non-executive director.
Peter Taylor commented, “John’s appointment is good news for us and our shareholders. His long experience in both an executive and non-executive capacity in the international oil and gas industry means that he will make an immediate and material contribution to the Company. I am delighted to welcome him as Chairman. “
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