Fastnet Oil & Gas FAST Directorate Change

  Fastnet Oil & Gas (FAST) - Directorate Change

RNS Number : 7945P
Fastnet Oil & Gas PLC
30 October 2012




30 October 2012

                            Fastnet Oil & Gas plc

                                      

                              Directorate Change

                                      

  Appointment of Carol Law, former Anadarko Exploration Manager as Executive
                             Director of Fastnet

Fastnet Oil and Gas plc ("Fastnet" or the "Company") (AIM: FAST, ESM: FOI) the
newly listed E&P  company focussed  on near  term exploration  acreage in  the 
Celtic Sea and Africa, is pleased to announce the appointment of Carol Law  to 
the Board as an Executive Director, with immediate effect.



Carol is a  geologist by training  and has  over 28 years'  experience in  the 
petroleum industry.  In  that  time,  she  has  been  active  in  exploration 
management, exploration  geology, research,  and consulting  in a  variety  of 
geological settings worldwide, having been involved in exploration  activities 
in more than 40 countries. During her career, Carol has been a member of teams
responsible for  discoveries  in  Mozambique (Rovuma  Gas),  Ghana  (Jubilee), 
Brazil (multiple Campos Basin discoveries), Alaska (Nikaitchuq), China  (Bohai 
Bay) plus  Angola, the  Gulf of  Mexico and  others. Most  recently Carol  was 
Exploration  Manager  -  East  Africa  &  Caribbean  for  Anadarko   Petroleum 
Corporation and was responsible for the team that discovered the  Prosperidade 
gas complex in Rovuma Area 1, offshore Mozambique.



In addition, Carol was  a member of the  technical team and later  Exploration 
Manager - West Africa, China, and Alaska  for Kerr McGee Oil & Gas.  Technical 
and managerial responsibility amongst her portfolio included offshore Morocco,
including what is now the Foum Assaka block held by Fastnet and Kosmos Energy.
Carol's Kerr McGee experience also included working in partnership with Kosmos
Energy in offshore southern Morocco, Benin, and Ghana.



Carol will retain outside interests but, as an Executive Director of  Fastnet, 
a significant  portion of  her time  will be  spent working  with the  Fastnet 
senior management team to develop and execute an oil and gas strategy  focused 
on near  term  growth.  She will  also  work  with the  technical  teams  and 
partners,  de-risking  and  high-grading  existing  opportunities  to   create 
shareholder value.  As Carol  is based  in Houston,  Texas, she  will  provide 
Fastnet excellent access to  the global oil and  gas sector and, in  addition, 
her proximity to  Dallas based  Kosmos Energy (Fastnet's  partner in  Morocco) 
will enable  her to  work closely  with their  Morocco team  to progress  that 
opportunity.



Michael Nolan non-executive director of  Fastnet and Finance Director of  Cove 
Energy plc, commented:

"At Cove, we  worked very closely  with Carol for  over three years,  starting 
with the hugely successful rank wildcat drilling campaign in the Rovuma Area 1
partnership in  2009,  which  has  delivered the  enormous  gas  resources  in 
Mozambique. She is due  enormous credit for her  commitment to and belief  in 
this project and her role in this world class discovery was very  significant. 
I have great confidence in her ability  to be a great addition to the  Fastnet 
team."



Cathal Friel, Non-Executive Chairman of Fastnet commented:

"We are delighted to welcome Carol to the Fastnet senior management team; with
her exploration track record offshore Africa and her working knowledge of  the 
Foum Assaka block in Morocco, Carol's  experience will be of vital  importance 
as we seek to mature the Moroccan acreage towards exploratory drilling.



"Beyond this, Carol's contact base  and reputation will enhance the  Company's 
ability to secure new exploration prospects, in line with our stated  strategy 
at the time of  our IPO, of  exposing shareholders to  near term, high  impact 
exploration opportunities."



                                   - Ends -

                                      



For further information, please contact:



Fastnet Oil & Gas plc                +353 (1) 644 0007

Cathal Friel, Non-Executive Chairman

Steve Staley, CEO
Shore Capital                        +44 (0) 20 7408 4090

(Nominated Adviser & Joint Broker)

Nomad

Bidhi Bhoma

Edward Mansfield



Corporate Broking

Jerry Keen
Davy                                 +353 (1) 679 6363

(ESM Adviser & Joint Broker)

John Frain

Brian Garrahy

Roland French


FTI Consulting                       +44 (0) 207 831 3113

Edward Westropp/Jess Allum           



Carol Ann  Law  (aged  52)  currently  holds,  and  has  held  (including  all 
appointments during the five years  preceding the date of this  announcement), 
the following directorships and partnerships, other than of the Company:

Current Directorships Past Directorships

None                   None

There are no other matters which are required to be announced under Rule 17 or
Schedule Two paragraph (g) of the AIM rules.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


ISEDKLFLLBFXFBE -0- Oct/30/2012 07:00 GMT