New Directors' Information

Mittwoch, 14.11.2007 17:10 von Hugin - Aufrufe: 65

14 November 2007 ELIXIR PETROLEUM LIMITED ("Elixir" or "the Company") INFORMATION ON NEW DIRECTORS Further to the Company's announcement of 12 November 2007, Elixir wishes to provide information on the newly-appointed directors in accordance with the disclosure requirements of the AIM Rules. Jonathan Kingsley Stewart, aged 46, is a Chartered Accountant. After leaving the accounting profession he held a number of executive management positions in listed and unlisted companies in Australia, Canada, the United Kingdom, Russia and Azerbaijan. Those companies had operations in Australia, Europe, North America, Asia and the Former Soviet Union. In that time he was involved in taking a number of companies public on the stock exchanges of Australia, the United Kingdom and Canada. He has considerable experience in the structuring and financing of transactions and the broader strategic development of companies. Mr Stewart became a director of Gawler Resources on 1 March 2007. He is also the Executive Chairman of Aurora Oil and Gas Limited, a position he has held since February 2005. Mr Stewart has been responsible for, and overseen, the development of Gawler's and Aurora's US oil and gas portfolio. Mr Stewart is currently a director, or has been a director in the past five years, of the following companies: Current directorships: Aurora Oil & Gas Ltd Elixir Petroleum Ltd Kesane plc Transition Resources Ltd Past directorships: Gawler Resources Ltd Becton Properties Ltd Noble Resources plc Vanguard Petroleum NL Mr Stewart owns no shares in Elixir. Andrew Gary Ross, aged 37, holds degrees in Law and Commerce from Murdoch University, Western Australia, and qualifications in investment management and corporate finance from the Securities Institute in London. He is a qualified barrister and solicitor and commenced his career providing tax and corporate structuring advice to energy and resource clients. He is also a member of the Society of Petroleum Engineers. Until recently Mr Ross was the Managing Director of the Cape Energy Group ("Cape"). Under his leadership, Cape focused on the acquisition and development of discovered reserves opportunities in the Asia Pacific region. Cape is the 100% interest holder and operator of the Golden Beach gas field located offshore of the Gippsland coast in Victoria, Australia, and joint operator of the Galoc oil field development offshore Palawan Island in the Philippines. Prior to his role with Cape, Andrew was a Director - Corporate Finance of a private merchant banking group based in London. He also worked as in-house counsel at the AIM-listed oil and gas company, Sibir Energy plc. Mr Ross is currently a director, or has been a director in the past five years, of the following companies: Current directorships: Elixir Petroleum Ltd R11 Capital Pty Ltd Annupuri Investments Pty Ltd Cottesloe Oil & Gas Inc Transition Resources Ltd Past directorships: Strand Partners (UK) Ltd Watford Football Club Ltd Southern Cross Healthcare plc Cape Energy Group SA Cape Energy Group (Australia) Pty Ltd Cape Energy (Management) Pty Ltd Cape Energy (Victoria) Pty Ltd Cape Energy (Philippines) SA Galoc Production Company WLL Mr Ross owns 37,037 shares in Elixir held indirectly through R11 Capital Pty Ltd. Trevor Bruce Benson, aged 48, has been involved in the financial services industry for over 15 years. Currently he holds the position of Director - Western Australia for Tolhurst Noall Limited, an Australian stockbroking firm. Mr Benson has held many senior positions within the stockbroking industry and has primarily concentrated on providing strategic investment advice, facilitated equity capital market transactions in initial public offerings and secondary issues and participated in investment banking opportunities within the oil and gas industry both in Australia and internationally. Prior to his involvement in stockbroking, Mr Benson worked in the treasury operations of several major Australian corporations. He holds a Bachelor of Science degree from the University of Western Australia. Mr Benson is currently a director, or has been a director in the past five years, of the following companies: Current directorships: Elixir Petroleum Ltd Kairi Pty Ltd Sultan Corporation Ltd Trevetal Investments Pty Ltd Kesane plc Past directorships: Gawler Resources Ltd Mr Benson owns no shares in Elixir. For further information please contact: Elixir Petroleum Limited Russell Langusch, Managing +44 207 484 5623 (UK office) Director +44 7840 523 771 (UK cell) +61 411 725 858 (Australia cell) E-mail: rlangusch@elixirpetroleum.com Bankside Consultants Michael Padley/Susan Scott +44 207 367 8888 Seymour Pierce Limited Jonathan Wright +44 207 107 8000 ---END OF MESSAGE---
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