Sovereign Oilfield Group Elects New Chairman of the Board

Sovereign Oilfield Group has appointed Robert Ellis to the board of Sovereign as a Director and elected him as Chairman by the Board.

Robert Keith Ellis (age 57) is an experienced business leader and is currently Chairman of a number of private companies. His skill and experience will assist the Company through its current refinancing and allow the Board to continue to develop the business.

As part of the restructuring of the Board, Dr Peter Felter continues as Deputy Chairman.

Graham Burgess, Chief Executive of Sovereign Oilfield Group plc commented, "The Board is delighted to welcome Robert to Sovereign. His knowledge and skills will complement that of the existing Board and his considerable financial experience, expertise and contacts will be a great asset to the Company."