OilVoice - Enovation Resources Appoints Neil Ritson as Non-Executive Director

Enovation Resources Appoints Neil Ritson as Non-Executive Director

Monday, February 22, 2010

Enovation Resources, an oil & gas exploration, development and production Company focused on the UK North Sea, US and Asia Pacific, announces the appointment of Neil Ritson as a non-executive director. Neil adds to Enovation's existing technical expertise by bringing over 30 years practical oil & gas exploration and production experience to the Company.

Neil joins Enovation at a time when the Company is looking to prove up its high impact assets in the UK North Sea through drilling activities. These assets include a 50% share in Handcross, a 200 mmbbls prospect located West of Shetland and on trend with recent significant discoveries in that area.

Neil spent over 20 years at BP and served in a number of senior positions internationally, before joining Burlington Resources Inc where he was SVP International. After leaving Burlington Resources, he joined Regal Petroleum as CEO, where he quadrupled the company's market capitalization. Neil is currently CEO of the Vanguard Energy group which he founded in 2008.

Commenting, Neil Ritson, said:
'My decision to join Enovation Resources was based on the technical strength of the current team as well as the very significant potential of its asset portfolio. Many of these assets are drill ready and the Company is now looking to move them forward through further drilling. Enovation has a very exciting future and I am much looking forward to being part of the team'.

Commenting on the appointment, Diz Mackewn, CEO of Enovation Resources, said:
'We are delighted Neil has agreed to work with Enovation Resources. He brings a wealth of expertise and experience in exploration, development and production, as well as a wider understanding of the oil & gas business and the capital markets, which fits well with the Company's existing strengths in bringing prospects to the point of being drill-ready. We believe that with this appointment we are well placed to move the Company on to the next stage in its development.'

OilVoice Upstream 'Who's Who' Directory
Access over 5,000 senior oil and gas contacts in the OilVoice Upstream Who's Who directory. In addition to biographies of directors, non-executives and senior management, 'Who's Who' also includes company contact details - including subsidiary offices. This continually updated directory is available to OilVoice subscribers or can be purchased separately as an Excel or pdf version.