Jupiter Energy Ltd Retirement of Director (5653Z)
31 Maio 2016 - 3:01AM
UK Regulatory
TIDMJPRL
RNS Number : 5653Z
Jupiter Energy Ltd
31 May 2016
31 May 2016
Jupiter Energy Limited ("Jupiter" or the "Company")
RETIREMENT OF DIRECTOR
Jupiter Energy Limited (ASX: "JPR", AIM: "JPRL" and KASE:
"AU_JPRL") announces that Non-Executive Director Alastair
Beardsall, the appointed Board representative of Waterford
Petroleum Limited, the Company's largest shareholder, will be
retiring from the Company with immediate effect for personal
reasons. Mr Beardsall will also retire from the boards of all
Jupiter subsidiaries.
Executive Chairman Geoff Gander said, "It has been a privilege
to work with and learn from Alastair since he joined the Jupiter
Board in 2010. We wish Alastair every success in the future and
thank him for his strong governance and leadership these last six
years."
The Company is reviewing the composition of the board and will
update shareholders in due course.
Geoff Gander
Chairman/CEO
ENDS
Enquiries:
Jupiter Energy (+61 89 322 8222)
Geoff Gander (geoff@jupiterenergy.com)
finnCap Ltd (+44 (0)20 7220 0500)
Matt Goode/Emily Watts/Christopher Raggett (Corporate
Finance)
Simon Johnson (Corporate Broking)
About the Company:
Jupiter Energy Limited is an oil exploration and production
company, quoted on the AIM, ASX and KASE markets. The Company is
focused on developing its onshore assets in western Kazakhstan. In
2008 the Company acquired 100 per cent of the Block 31 permit,
located in the oil-rich Mangistau Basin, close to the port city of
Aktau.
Jupiter has a proven in-country management team, led by an
experienced, international Board, together possessing the skills,
knowledge, network and attention to detail needed to operate
successfully in Kazakhstan. The forward plan will see Jupiter
develop a group production facility on Block 31 to process, store
and export oil. This topside infrastructure is a key element in
moving to long-term production and the achievement of self-funding
for further development of Block 31.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 31, 2016 02:01 ET (06:01 GMT)
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