Sector News

Atlantic Petroleum makes board and management nominations

December 9, 2016

Atlantic Petroleum is pleased to announce that pursuant to the Loan Agreement with London Oil and Gas announced 25th May 2016, Mr David Peattie has been nominated as candidate for the Board of Directors of Atlantic Petroleum.

David is a highly experienced oil and gas professional with over 35 years’ industry experience. Most recently, David was CEO of Fairfield Energy, an oil & gas company owned by a syndicate of North American and European private equity investors, led by Riverstone and Warburg Pincus. David began his career at BP in 1979 as a petroleum engineer and during his 33 year tenure at the company held a number of technical, commercial and senior management positions including Head of BP Russia responsible for BP’s interests in TNK-BP as well as its businesses in the Russian Arctic and Sakhalin. In addition, he was BP’s lead Director on the board of TNK-BP.

David is currently Non-Executive Chairman of UK focused Independent Oil and Gas.

David has a B.Sc. (Hons.) degree and is a Chartered Engineer and Member of the Institute of Materials, Minerals and Mining.

An Extraordinary General Meeting will be called in the near future to formalise this appointment.

Also, pursuant to the Loan Agreement with London Oil and Gas Clint Redman will be joining Atlantic Petroleum in December as Head of Corporate Finance.

Clint has worked in the investment banking industry for 35 years covering a wide range of markets from equities through to financial futures. His core skills however have been in the fixed income and corporate finance markets where he has created some innovative products that have changed the face of funding for the corporate market.

Clint has worked across the globe from Tokyo to New York for some of the world’s largest investment banks which include Goldman Sachs, Oppenheimer, Drexel Burnham, and Lehman Brothers and brings a wealth of knowledge and contacts.

In the early 80’s Clint had the honour of transacting the very first trade ever done on the LIFFE market.

Ben Arabo CEO said: “We are very pleased to be able to announce that David Peattie and Clint Redman will be joining Atlantic Petroleum, and I look forward to be working with David and Clint on our future expansion and on delivering the value from Orlando & Kells. David’s experience from Europe, Russia and the Eurasian region will be of great benefit to Atlantic Petroleum and I also look forward to draw on Clint’s experience in providing innovative funding models for upstream projects.”

Source: Atlantic Petroleum

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