– UK, Hertfordshire – Prospex Energy PLC (LON: PXEN), the AIM-quoted investment company focused on European gas and power projects, today announced the appointment of Andrew Hay to its Board as an Independent Non-Executive Director with immediate effect.
“We are very pleased to welcome Andrew Hay to the Board of Prospex. As the Company expands and grows our assets in Italy and Spain and as new opportunities are being reviewed, Andrew’s experience and deep understanding of the upstream energy sector and capital markets will add great value to Prospex. We are very much looking forward to working alongside Andrew.” said Board chairman, Bill Smith.
About Andrew Hay
Andrew Hay, a graduate of Oxford University, has more than 30 years of experience as a banker in London and New York. He is a Senior Adviser at Smith Square Partners, a leading London corporate finance firm. Formerly he was Chairman of LGB Corporate Finance and before that built and led the corporate finance business of Edmond de Rothschild in London. He has in-depth experience in corporate banking, debt and equity capital markets, and international M&A.
Previously, Mr. Hay held senior positions at ING Barings and Schroders, including two years in New York. He led the North American corporate finance and capital markets origination activity of Barings until 1997.
Until May 2017, Mr. Hay was a Non-Executive Director of Aminex plc, a London and Dublin stock exchange listed oil and gas development and production company focused on East Africa, and was a Non-Executive Director of Independent Oil & Gas PLC (senior independent director, chair of the audit committee), the AIM quoted company with development interests in the North Sea, until February 2018.
Mr. Hay is a Non-Executive Director of the holding company of Lloyd George Advisory, a specialist India and Asia-focused emerging market fund management business. Since 2020, Mr. Hay has been the senior Non-Executive Director and audit committee chair at Great Western Mining Corporation PLC, the AIM-quoted mineral exploration and development company with licenses and operations in Nevada.
About Prospex Energy PLC
Prospex Energy PLC is an AIM-quoted investment company focused on high-impact onshore and shallow offshore European opportunities with short timelines for production. The Company’s strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realized within 12 months of acquisition and then apply low-cost re-evaluation techniques to identify and de-risk prospects. The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to further develop the asset base and increase production.
For more information: https://www.prospexoilandgas.com/
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