Wed 04 Oct 2017 17:00
RNS Number : 7345S
Aminex PLC
("Aminex" or "the Company")
Mr Al-Ghaithi has 18 years of industry experience and is
currently Chief Executive Officer of Ara Petroleum LLC where he is responsible
for two subsidiary E&P companies operating in Oman. He is a wellsite
engineer by background and has previously worked with Petroleum Development
Oman and Weatherford International where he was Country and Area Manager in
Oman.
Ara Petroleum LLC is a division of The Zubair Corporation
LLC of Oman which, through Eclipse Investments LLC, holds a beneficial interest
of just under 30% of the Company's issued share capital. Under the terms of the shareholder approved
Shareholder and Relationship Agreement dated 8 July 2016, Eclipse Investments
LLC has the right to appoint two directors.
Mr Al-Ghaithi becomes the second representative director to join the
Aminex Board.
Mr Al-Ghaithi will be proposed for election by
shareholders at the next General Meeting of the Company.
Aminex Chairman Brian Hall commented:
"We warmly welcome Sultan Al-Ghaithi to the Board of
Aminex and look forward to harnessing his impressive technical and commercial
background as we continue to plan and execute the upcoming drilling programme
in the Ruvuma Basin, Tanzania.
During the course of the last year, we have considerably
expanded our management and technical team and, in addition to today's
announcement, we expect to make further Board appointments of independent non-executive
directors in the near future."