Kea Petroleum announce board appointment

Wednesday, October 10, 2012
  • Appointment of Richard Anthony Edward Parkes to the Board of Kea Petroleum plc as Managing Director.

Kea Petroleum PLC, (AIM: KEA), announce the appointment of Richard Anthony Edward Parkes to the Board of Kea Petroleum plc as Managing Director, with immediate effect. Based in New Zealand, Richard will be responsible for the day to day running of Kea. Richard has extensive exploration and operational experience having spent over 25 years in the upstream Petroleum industry. He has held numerous technical and senior management positions in companies such as PetroFrontier, Santos and GeoServices.

Kea Chairman Ian Gowrie-Smith says: "We welcome Richard to the Board and believe his diverse experience in frontier exploration and development of conventional and unconventional resources will be a valuable asset to Kea as we look to develop and commercialise our resources. Kea is entering a very active period with companies expressing a wish to farm into some of our leases and many simultaneous negotiations with the New Zealand Government, land owners and Equipment suppliers. Richard's input will be vital to our success."

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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