Prospectiuni Appoints New VP of Business Development

Prospectiuni SA is proud to announce the appointment of Timothy Branch as Vice-President of Business Development for the company. Mr. Branch was previously the Country Manager for Petroleum GeoServices in Morocco.

On his appointment Branch said, "I joined the Prospectiuni team because it is a fast moving company, with a great reputation at an international level. Being directly involved within the leadership of a very professional team was a critical factor in making the decision to come here."

Tim Branch's vast experience over the years includes key positions within Schlumberger Geco-Prakla, United Geophysical and Petroleum GeoServices. Branch holds a Bachelor of Science degree in Geology (Hons.) from the University of Southampton and has worked in Nigeria Yemen, Thailand, Senegal and Morocco, as well as most of the countries of Europe.

The Company's Administration Board president, Gehrig Schultz, declared that Tim Branch's appointment demonstrates that Prospectiuni is bringing together a team that will provide remarkable services to our clients. "I am delighted that we have succeeded in attracting one of the most talented professionals within the geophysical industry. I am sure that within a short space of time, our decisions will produce very positive results, because we have a very solid and ambitious team with a vast range of experience," Schultz stated.

Ovidiu Tender, the representative of the main shareholder, declared that bringing Tim Branch in to the team is a clear indication of the widening scope and direction of the company. "Prospecţiuni tries to bring together the best people in the industry in order to extend our international scope and complement our technical excellence to support growth in to foreign markets. I believe that we shall see the results of the new leadership team in a relatively short time."