President Petroleum Says Hello to New Finance Director

President Petroleum announced that Benjamin David Wilkinson has been appointed Finance Director, with immediate effect.

Ben, aged 30, qualified as a Chartered Accountant, before working in corporate finance at ABN AMRO/Royal Bank of Scotland. He joins President Petroleum from Levine Capital Management, President's largest shareholder.

Angelo Baskaran, the US-based former Finance Director, will step down from the board and will remain with the Company in a non-Board capacity focusing on President's US finances.

Commenting on the announcement Stephen Gutteridge, Chairman of President Petroleum, said, "On behalf of the board I would like to welcome Ben into his new role and onto the Board, further strengthening our finance capabilities. As a qualified accountant with experience in oil and gas corporate finance, strategy development and acquisitions, he will be an extremely valuable contributor to the Company's growth strategy. I would also like to thank Angelo for his contribution to the plc Board over the past 4 years"

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