Empyrean Elects New Non-Executive Finance Director

The Board of Empyrean has advised that John Laycock was appointed as Non-Executive Finance Director with immediate effect. His appointment will be part time and assisted by the Company's existing Company Secretary and Financial Controller, Jade Styants.

Laycock is a chartered management accountant, holds a degree in Mechanical Engineering (B.Sc. Hons) and has over 36 years experience in corporate finance and financial risk management predominately within the oil and gas industries. Laycock will be based in the UK and will assist the board in key finance, treasury, financial reporting and corporate services.

Chairman Dr. Patrick Cross commented, "I am delighted to welcome Laycock to the Board of Empyrean. He has a wealth of financial expertise, with over 30 years experience in international business, including 22 years in oil and gas with British Petroleum plc. He will make a substantial contribution to the future corporate strategy and growth plans of the Company."