Zoltav Resources Inc Appointment of Non-executive Chairman (1955A)
22 Março 2017 - 6:59AM
UK Regulatory
TIDMZOL
RNS Number : 1955A
Zoltav Resources Inc
22 March 2017
22 March 2017
Zoltav Resources Inc.
("Zoltav" or the "Company")
Appointment of Non-executive Chairman
Zoltav (AIM:ZOL), the Russia-focused oil and gas exploration and
production company, is pleased to announce the appointment, with
immediate effect, of Lea Verny as non-executive chairman of the
Company.
Ms Verny was appointed to the board of Zoltav as an independent
non-executive director in December 2016 and has significant and
high level corporate finance experience, with particular expertise
in Russia.
Since 2008, Ms Verny has acted as an independent financial
adviser on cross-border transactions. Prior to becoming an
independent consultant, Ms Verny served as a private banker with
Banque Pictet, Switzerland, where she was responsible for
developing the bank's activities in Russia, following a career of
more than a decade with HSBC. From 2001 to 2007, Ms Verny was Head
of Investment Banking for HSBC Bank plc in Moscow, during which
time she advised on structured transactions for large Russian and
CIS corporations including Lukoil, Rostelekom, Eastern Oil Company
and Rosbank. Between 1997 and 2001, Ms Verny was a representative
of HSBC Investment Bank plc in Russia, where she was responsible
for establishing the bank's presence in the country and developing
opportunities specifically within the oil and gas sector. Ms Verny
holds a Bachelor's degree in Statistics and International Relations
from the Hebrew University in Jerusalem as well as an MBA from
INSEAD in France.
Ms Verny is replacing Marcus Rhodes as non-executive chairman,
enabling Mr Rhodes to devote additional time to his other
directorships. Zoltav will continue to benefit from Mr Rhodes'
counsel, both as an experienced director of major publicly-listed
companies operating in Russia and the CIS and as a qualified
chartered accountant and a member of the Institute of Accountants
in England & Wales, as he will continue to serve as the
Company's senior independent director and chairman of the Audit
Committee.
Contacts:
Zoltav Resources Inc. Tel. +44 (0)20
7830 9704
Lea Verny, Non-executive (via Vigo Communications)
Chairman
Shore Capital (Nomad and Tel. +44 (0)20
Joint Broker) 7408 4090
Toby Gibbs or Mark Percy
(Corporate Finance)
Jerry Keen (Corporate Broking)
Panmure Gordon (Joint Broker) Tel. +44 (0)20
7886 2500
Adam James or Tom Salvesen
Vigo Communications Tel. +44 (0)20
7830 9704
Patrick d'Ancona or Ben Simons zoltav@vigocomms.com
About Zoltav
Zoltav is an oil and gas exploration and production company
focused on Russia.
Zoltav holds the Bortovoy Licence in the Saratov region of South
Western Russia, a 3,215 square kilometre area along the northern
margin of the Pre-Caspian basin, one of the largest hydrocarbon
basins in the CIS.
The Bortovoy Licence contains a number of productive gas fields,
a processing plant and significant exploration prospectivity. It
holds Proved plus Probable reserves of 750 bcf (21.2 bcm) of gas
and 3.8 mmbbls (488 mT) of oil and condensate. In 2015, the
Bortovoy Licence produced approximately 3.1 mmboe (440 mToe).
Zoltav also holds the Koltogor E&P Licence, a 528 square
kilometre area in the Khantiy-Mansisk Autonomous Okrug of Western
Siberia, one of Russian's most prolific oil producing regions. The
Koltogor E&P Licence contains the Koltogor oil field with
Proved plus Probable reserves of 79.2 mmboe (10.3 mToe).
Additionally, Zoltav holds Koltogor E&P Licence 10, a 167
square kilometre area due west of the Koltogor E&P Licence,
containing the West Koltogor oil field.
For further information on Zoltav or to sign up for our news
alert service visit: www.zoltav.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 22, 2017 05:59 ET (09:59 GMT)
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