Rose Appointed CFO of Gulfsands Petroleum
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq and the USA, is delighted to announce the appointment of Mr. Andrew Rose as Chief Financial Officer and Director.
Andrew Benedict Rose, 51, was the former Chief Financial Officer of Burren Energy ('Burren'), the UK independent oil and gas company which was acquired by ENI S.p.A. ('ENI'), the Italian oil major, for US$3.6 billion in January 2008. Mr. Rose, who holds a BSc in Engineering from Cambridge University, joined Burren Energy as Chief Financial Officer in 2001, when it was a private company. He was a key Director in developing and building Burren from a small private company, through to its listing on the London Stock Exchange in December 2003 and into one of the UK's most successful mid tier independent oil companies, culminating in its sale to ENI late last year.
Mr. Rose spent the greater part of his early career in investment banking, working in advisory, capital markets and structured finance roles, and prior to joining Burren was head of Corporate Finance for Eastern Europe, Middle East and Africa at Societe Generale.
It is expected that Mr Rose will begin to take up his responsibilities from the beginning of June 2008 and will join the Company on a full-time basis on 1 August.
Mr. Rose has been granted 1,000,000 options to subscribe for ordinary shares in the Company as part of his overall compensation package. The options are all exercisable at 175 pence per share and will vest in three tranches, being 500,000 on the date of his appointment and 250,000 on each of the first and second anniversaries of his appointment.
- Gulfsands Unable to Get Extension for its Fes Agreement Onshore Morocco (Oct 16)
- Gulfsands Ousts CEO, Names Waterford Nominee as Chairman (Apr 14)
- Gulfsands Confirms DOB-1 Well as a Gas Discovery (Feb 23)