RusPetro appoints Dr Mark Pearson to Board as independent Non-Executive Director

– UK, London / RUSSIA, Moscow – Ruspetro plc (LSE: RPO) today announces the appointment of Dr C. Mark Pearson to the Board as an independent Non-executive Director and member of the Audit Committee, with immediate effect.

Dr Pearson is a founding shareholder and President of Liberty Resources II LLC, a US based E&P company with 53,000 net acres in North Dakota’s Williston Basin producing over 4,000 boe/d from the Bakken and Three Forks formations. Dr Pearson has over 30 years of industry experience during which time he was President and CEO of CARBO Ceramics Inc., President and CEO of Golden Energy LLC., and led the production enhancement technology team at Atlantic Richfield Company.

Additionally, Mr James McBurney, who is currently an independent Non-executive Director, has advised that he will not stand for re-election to the Board at the Company’s Annual General Meeting on 2 June 2014.

Alexander Chistyakov, Chairman, commented: “We are very pleased to welcome Dr Pearson to the Board. He has a wealth of expertise in modern drilling and fracturing completion technologies and experience in North America, Russia and China. His E&P and oil service company management experience as well as his highly regarded technical knowledge of hydraulic fracturing techniques will prove invaluable for Ruspetro.

 On behalf of the Board, I would like to thank James for his contribution to the Company and wish him the very best in the future. The Company, which continues with a majority of independent Directors, is focused on maintaining the highest standards of corporate governance and on building value for its shareholders.”

 About Ruspetro

Ruspetro plc is an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation. Our mission is to unlock the tight oil reservoirs in our asset base while building a leading regional independent E&P company in a safe and environmentally responsible manner for the long-term benefit of our shareholders.

- DisclaimerNews, data and statement included in this release are intended exclusively for general information purposes. Talent4Boards accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the adequacy or accuracy of the information. No data or statement in this release should be considered for decisions about securities referred. Product and brand names used in this release maybe trademarks or registered trademarks of their respective owners.

Comments are closed.