IPL Indago Pet

RNS Number:9816H
Indago Petroleum Limited
19 November 2007

Indago Petroleum Limited

(the "Company" or "Indago")





Appointment of Dr David Bremner as Chief Executive Officer



Indago is delighted to announce the appointment of Dr David Bremner as Chief
Executive Officer with immediate effect.  David, (54), has been a non executive
director of the Company since October 2005 and has over 30 years experience in
the industry.



David joined BP in 1977, where he worked with their international staff in the
UK and the USA and in 1984 he joined Merlin Petroleum, a start-up exploration
company based in San Francisco, as Exploration Manager.  After the sale of
Merlin Petroleum in 1989 and a successful role in international petroleum
consultancy, he joined Monument Oil & Gas in 1995 as Exploration Manager. In
1997 David was appointed Exploration Director for Monument, a position he held
until that company was sold in 1999. Since that time he has been engaged in
international petroleum consultancy.  David holds a BSc honours degree and a PhD
in geology from the University of Glasgow.



As part of Mr Bremner's employment arrangements with the Company, he has been
awarded options over 400,000 Ordinary Shares of $0.0005 each at an option price
of 57.5 pence per share. The options vest in three equal instalments between six
and 12 months, 24 months and 36 months respectively after the date of
employment, being 16th November 2007.



Martin Groak, who has been acting Chief Executive, will revert to his former
position as Chief Financial Officer.





Tim Eggar, Chairman of Indago commented:



"We are delighted that David has agreed to become Chief Executive.  He has been
an invaluable member of the Board and his wealth of knowledge about Indago, our
objectives and our strategy as well as his global experience will undoubtedly
help take the company forward into its next stage of development.



I would also like to take this opportunity to thank Martin Groak for his
tireless work as interim CEO over the last few months."





David Bremner, said:



"Having worked closely with Indago since the time of the IPO two years ago, I am
well acquainted with the Company's assets, partners, shareholders, staff and
directors. I very much look forward to delivering the remainder of the drilling
programme on the Company's existing Omani portfolio and working with the team to
develop new and material opportunities for the future."



                                                               19  November 2007




Indago Petroleum Limited

Tim Eggar, Chairman                              +44 20 7632 1521
David Bremner, CEO                               + 1 805 708 4892
Martin Groak, CFO                                +44 7949 209 301



JPMorgan Cazenove Limited                        +44 20 7588 2828
Barry Weir
Neil Haycock



Nabarro Wells                                    +44 20 7710 7406
Marc Cramsie



College Hill Associates                          +44 20 7457 2020
Nick Elwes
Paddy Blewer


Website: www.Indagopetroleum.com



Further information required by Schedule 2 (g) of the AIM Rules



Dr David Bremner has no other current directorships but is a limited partner in
Orion California LP, an exploration venture exploring for deep gas in
California.







Notes to Editors:



Indago Petroleum

Indago Petroleum Limited is an oil and gas exploration company listed on the AIM
market of the London Stock Exchange.  The Company is geographically focused in
the Middle East, currently exploring in the Sultanate of Oman, a politically
stable country with proven hydrocarbon reserves and an active gas market.

Following the disposal of its production and development assets and just over
50% of its exploration assets to RAK Petroleum PCL ("RAK Petroleum" or "the
Operator") in April 2007, Indago currently has an approximate 50% stake in three
exploration blocks onshore Oman (Blocks 31, 47 & 43A) operated by RAK Petroleum.


The Company's main interest at present is the drilling of the Al Jariya well on
the Jebel Hafit prospect in Block 31, which spudded in early February this year
and will be drilled to a target depth of approximately 5,900 metres. The well is
currently at approximately 4,300 metres.

Review by Qualified person:



The technical information and opinions contained in this press release have been
reviewed by Don Scott, a qualified Geocientist (BSc (Hons) Geology - Southampton
1963, MSc Applied Geophysics - Birmingham 1964) and a Fellow of the Geological
Society of London since 1964.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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