JERSEY, Channel Islands, March 25, 2014 /CNW/ - Horizon Petroleum Plc ("Horizon" or "the Company") (TSX.V: HPL) is pleased to announce the strengthening of its Board of Directors by
the appointment of John Patterson as a Non-Executive Director, and
Chairman of the Audit Committee.
Mr Patterson has 35 years experience in the oil and gas industry with a
background in acquisitions, financings, corporate governance, tax and
accounting. He gained significant commercial and financial experience
at Nexen Inc where as President of Nexen Energy Services ("NESI"), he
managed oil and gas assets in several countries, including Yemen and
Nigeria. Previously he was NESI's Chief Financial Officer and Finance
Director, and was active in financings and corporate acquisitions. More
recently he was Non-Executive Director, and Chairman of the Audit
Committee for Tanzania-focused Orca Exploration. He qualified as a
Chartered Accountant at Touche Ross (now Deloitte) and gained a BSc.
Special Honours Mathematics at Bristol University.
Yogeshwar Sharma, Chairman of Horizon, commented "John brings a wealth
of oil and gas experience to the Board at a time when we continue to
negotiate to secure asset acquisitions of reserves and exploration
projects in Africa, with country focus including Nigeria and Angola.
The Company plans to further strengthen the Board after the Annual
General Meeting on 11 April 2014 through the appointment of one further
ON BEHALF OF HORIZON PETROLEUM PLC
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its regulation services provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Horizon Petroleum PLC
For further information:
Horizon Petroleum plc
Queensway House, Hilgrove Street
St Helier, Jersey JE1 1ES