Mr. Peter Clutterbuck reports
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Horizon Petroleum PLC has strengthened 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, 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 with special honours in 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 April 11, 2014, through the appointment of one further non-executive director."
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