Petroceltic International appoints Nicholas Gay and Neeve Billis to the Board as Non-Executive Directors

– IRELAND, Dublin – Petroceltic International plc, the oil and gas exploration, development and production company focused on the Middle East and North Africa, the Mediterranean and Black Sea regions, is pleased to announce the appointments of Nicholas Gay and Neeve Billis to the Board of Petroceltic (the “Board”) as Non-Executive Directors with immediate effect. These appointments were approved by shareholders at the Extraordinary General Meeting of the Company held on 25 February 2015.

About Nicholas Gay

Nicholas Gay is a qualified chartered accountant and taxation specialist, and an experienced upstream executive with over 30 years’ experience in the international oil and gas industry. His early career began with Arthur Andersen & Co and he went on to progress in finance and taxation roles in the UK North Sea with LL&E and Kerr McGee.

Mr. Gay has extensive public markets experience having served in the positions of Chief Financial Officer of PetroKazakhstan and as Chief Executive Officer of PetroLatina Energy and Bitech Petroleum.  Subsequently he was CFO, and then CEO, of Compact GTL.   Mr Gay was also a non-executive director of Toreador Resources.  Consequently, Mr Gay has extensive experience in corporate governance and financial regulatory matters in addition to shareholder and investment relations activities and equity, loan and debt financing. 

About Neeve Billis

Neeve Billis is a highly experienced oil and gas investment banker with over 30 years’ oil sector experience advising both public and private companies on mergers, acquisitions, disposals, refinancings and capital raisings. He is currently Global Co-Head of oil and gas at Rothschild. Mr Billis began his career in the oil industry at Britoil subsequently working at the Prudential as its oil sector buy-side analyst prior to joining SG Warburg as a senior oil and gas equity analyst.

Mr Billis joined Rothschild in 1992. In his role as Managing Director and Global Co-Head of oil and gas, he has managed a wide range of oil and gas company client relationships and has also advised on large scale initial public offerings, debt financings and privatisations.

Following the appointment of Mr Gay and Mr Billis, the Board will formally consider the constitution of its Board Committees at its next scheduled Board meeting.  

Robert Adair, Chairman of Petroceltic, commented: “I am pleased to welcome our two new Non-Executive Directors to the Board following endorsement by our shareholders. The appointment of Nicholas Gay and Neeve Billis helps to ensure an appropriate representation of independent Non-Executive Directors on the Board of Petroceltic. The appointments also bring suitable relevant financial experience to the Board, consistent with good corporate governance requirements”.

Petroceltic International (PCI).

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