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Sterling Energy PLC - Directorate Change

RNS Number : 5018Q
Sterling Energy PLC
06 June 2018


6 June 2018


Director Appointment


Sterling Energy plc ("Sterling "or the "Company"), the AIM listed oil and gas exploration company (AIM: SEY), is pleased to announce, with immediate effect, the appointment of Mr David Marshall to the position of Chief Executive Officer.


David has 35 years' experience in Oil and Gas Production and Development specialising in technical solutions for accessing production from stranded assets. 


He has held managerial positions in onshore oil & gas drilling and production operations in Tunisia and Turkmenistan, and offshore in the North Sea, Gulf of Mexico, Gabon, the Middle East, Egypt and Holland. More recently David served as CEO of DEO Petroleum Limited, prior to its acquisition by Parkmead.  He subsequently worked for Enquest in Egypt prior to becoming Director of Boreas resources. 


David holds a Master's Degree in Petroleum Engineering from Heriot Watt University and a Bachelor of Science Honours Degree in Civil Engineering from Glasgow University




Michael Kroupeev, the Company's Non-Executive Chairman said:


"We are delighted to welcome David to the Board of Sterling and feel he will make a great addition to the team. His considerable experience and expertise in the E&P sector will be invaluable to the Company as it continues to pursue opportunities to add to the Company's portfolio of assets."


Further Information


Further information can be found on the Company's website at www.sterlingenergyplc.com 


Sterling Energy plc


Tel: +44 20 7405 4133

David Marshall (CEO)

Michael Kroupeev (Chairman)


Peel Hunt LLP

Tel: +44 20 7418 8900


Richard Crichton

James Bavister


In accordance with the AIM Rules, the following information required to be disclosed is set out below. Other than this information, there is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules.


Full name and age:

David Lee Marshall, aged 60

Current Directorships

Diamond Sharp Energy Limited

Former Directorships (previous 5 years)

Boreas Resources Limited

Adriatic Energy Limited


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Quick facts: Sterling Energy plc

Price: 11.95

Market: AIM
Market Cap: £26.3 m

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