Rose Petroleum PLC – Directorate Change

Further to its recent announcement regarding proposed board changes, Rose Petroleum plc (AIM: ROSE), the AIM-quoted natural resources business, is pleased to confirm the appointment of Tom Reynolds as Non-Executive Director of the Company, with immediate effect.  Concurrent with Mr Reynolds’ appointment, Kelly Scott has stepped down from the Board of the Company. He will continue in his executive role with the Company in a non-Board capacity.

Mr Reynolds has been working with the Company for the past six months on a consultancy basis and has a detailed knowledge of the Group’s operations.  He is a Chartered Engineer with over 25 years’ experience in the energy sector, including a range of technical and commercial roles with BP plc, Total SA and British Nuclear Fuels plc. He has also held management positions at private equity investment and advisory firms, including 3i plc, and specialises in strategic planning, investment management and cross-border M&A transaction execution in the oil, gas, energy and infrastructure sectors.

Mr Reynolds has held Board seats on various companies listed in London, Oslo and Toronto. He is a non-executive director of AIM listed Solo Oil plc. He was previously CEO of Iona Energy, Inc. and, immediately prior to that, he was CEO of Bridge Energy ASA, which Mr Reynolds grew through a series of acquisitions before listing the group in both Oslo and London, prior to its c.US$150m sale to HitechVision-backed Spike Exploration Holding AS in 2013.

Matthew Idiens, CEO, Rose Petroleum plc, said: “I am pleased to welcome Tom to the Board and look forward to continuing to work closely with him, as we focus on the development of Rose’s assets and strategy going forward with the strengthened team.“