– JERSEY, St Helier – Jersey Oil and Gas (AIM: JOG), which is pursuing a production led acquisition strategy in the North Sea, is pleased to announce the appointment of Frank Moxon as non-executive Director and that Elwyn Jones, non-executive Director, will step down from the Board with effect from 1st October 2015.
Mr Moxon has over 25 years’ experience as a corporate financier developing and growing companies in a wide range of industrial sectors. He has specialised for 17 years in natural resources, and is or has been a director of a number of mining and oil & gas companies quoted in London, Australia and Canada. Amongst other things, he is a former head of corporate finance at Williams de Broë Plc and, until its August 2012 sale to PTT for £1.2 billion, was senior independent non-executive director at Cove Energy Plc. Currently, Mr Moxon is Managing Director of Hoyt Moxon Ltd, a corporate finance consultancy. He has a BSc in Economics and is a Chartered Fellow of the Chartered Institute for Securities and Investment, a Fellow of the Energy Institute and a member of the Petroleum Exploration Society of Great Britain.
Mr Moxon will Chair the Remuneration Committee and Nomination Committee and will sit as a member of the Audit Committee.
Marcus Stanton, Chairman of Jersey Oil and Gas, commented: “I am delighted to welcome Frank to the Board and look forward to working with him in the years ahead. Frank brings with him 25 years’ experience in corporate finance and 17 years’ experience working within the Oil & Gas sector. We look forward to benefiting from his considerable experience given the recent implementation of our new strategy and focus on M&A opportunities.
“I would like to thank Elwyn for his contribution to the Board and Company, and wish him well in his future projects.”
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