Rose Petroleum plc

Directorate Change - John Blair

8-August-2014

Directorate Change - John Blair joins Rose Petroleum's main board of Directors and becomes new CEO of Rose US

Rose Petroleum (AIM: Rose), the AIM-listed natural resources company, is pleased to announce that John Blair has been appointed to the Board of Directors of Rose Petroleum plc as Director of Oil & Gas, with immediate effect. In addition, John has also been promoted to CEO of Rose Petroleum (US) LLC ("Rose (US)"), the Company's wholly-owned subsidiary, which controls its US Oil & Gas assets.

John has over 27 years of experience in the upstream Oil & Gas industry. John holds a B.Sc. in Geology and a M.Sc. in Geophysics. He was Senior Vice President at global consulting firm Knowledge Reservoir for three years until 2013, where he analysed over 150 unconventional shale resource plays worldwide for numerous clients including Statoil, Pemex, Marubeni, Itochu, and Maersk. He has also founded three successful private independent US Oil & Gas companies and is a recognised expert in both conventional and unconventional Oil & Gas exploration and development.

Group CEO Matthew Idiens commented: "In line with the Company's directive of strengthening the Oil & Gas side of the Board, I am pleased to welcome John to the Board and his appointment to CEO of Rose (US). John's depth of experience in both operating and assessment of potential projects is a great asset for us and I look forward to working with him over the coming years. We are continuing to build the operations team in the US and plan to announce further updates in the near future."

John Blair commented: "I am very pleased to be appointed CEO of Rose (US) and am looking forward to developing our assets in eastern Utah."

Regulatory information

Full name: John Matthew Blair (aged 51)

John Blair is, or has been within the last five years, a director or partner of the following entities:

Current directorships or partnerships 

  • K.B. Resources, Inc
  • J.M. Blair, Inc.
  • Hilltop Resources, LLC
  • Rose Petroleum (UK) Limited

Directorships or partnerships within the last five years

  • None

John Blair holds 2,000,000 ordinary shares in the Company representing 0.15% of the total issued share capital of the Company. In addition, Mr Blair holds 23,700,000 options to subscribe for new ordinary shares at 0.4 pence per ordinary share.

There are no further disclosures to be made in relation to John Blair under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.