– UK, London – Phoenix Global Resources plc (LON: PGR | BCBA: PGR), the upstream oil and gas company, which offers its investors exposure to Argentina’s Vaca Muerta shale formation and other unconventional resources, today announced the appointment of Magid Shenouda to its Board as a Non-Executive Director with immediate effect, replacing who has stepped step down as the Mercuria Group’s representative on the Board.
About Magid Shenouda
Magid Shenouda is Deputy CEO and Group Head of Trading at Mercuria Energy Group Limited. He is responsible for overseeing Mercuria’s core business function. Before Mercuria, Magid was the global co-head of commodities trading at Goldman Sachs, where he was responsible for driving several key acquisitions, as well as the expansion of the commodities business. At Goldman, he was named managing director in 2005 and partner in 2008. Magid joined Goldman in London as an executive director in oil trading in 1999. Before assuming this role, he was head of European crude oil and products trading, and European gas and power trading. Magid was a member of the Securities Division EMEA Operating Committee and the Physical Commodity Review Committee.
About Phoenix Global Resources
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (LON: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR) and offers its investors an opportunity to invest directly into Argentina’s Vaca Muerta shale formation and other unconventional resources. The Company has over 0.9 million licensed working interest acres in Argentina (of which approximately 0.7 million are operated), 18.8 million boe of working interest 2P reserves, and average working interest production of 4,549 boepd in 2020. Phoenix has significant exposure to unconventional opportunities in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and another unconventional potential.
For more information: https://www.phoenixglobalresources.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.