SOGP Sovereign Oil

 

TIDMSOGP 
 
RNS Number : 3836S 
Sovereign Oilfield Group plc 
18 May 2009 
 

 
 
FOR IMMEDIATE 
                                                      18th May 2009 
Ref: 0910 
 
 
SOVEREIGN OILFIELD GROUP Plc 
 
 
("Sovereign" or "the Company" or "the Group") 
 
 
Directorate Change 
 
 
Sovereign Oilfield Group Plc (AIM: SOGP) announces the resignation of Dr. Peter 
Felter, as Deputy Chairman. 
 
 
Dr Peter Felter co-founded the Company in October 2003 and has been Chairman 
since incorporation until 19th November 2008 when he stepped down to become 
Deputy Chairman. 
 
 
Dr Felter, LLM, PhD (Cantab) is a recognized leading international energy lawyer 
and was instrumental in building the Company and guiding it through flotation 
onto AIM in September 2005. He has played a key role in all the acquisitions 
made by the Company, and as General Counsel to the Company. 
 
 
With the Company now refinanced and trading in their shares about to resume on 
AIM, Dr Felter has decided to step down from the Board with immediate effect to 
pursue other business interests in the Middle East and elsewhere. 
 
 
Commenting on the resignation of Dr Felter, Graham Burgess said, "Peter Felter 
and I founded Sovereign Oilfield Group over five years ago and over the period 
Peter has played a critical role in the Company's development as it has grown 
organically and through acquisition. Peter remains a significant shareholder in 
Sovereign and remains strongly supportive of Sovereign, the Board and our 
current plans and strategy. I wish to place on record our gratitude for his 
contribution and wise counsel over the years. All at Sovereign join in wishing 
him well in his future endeavours". 
 
 
 Further information: 
Sovereign Oilfield Group Plc 
Tel: 01224 261900 
Graham Burgess, Chairman; Julie Cowie, Finance Director 
 
 
Charles Stanley Securities - Nominated Advisor 
Tel: 0207 149 6000 
Mark Taylor 
 
 
Buchanan Communications 
Tel: 0207 466 5000 
Tim Thompson/Catherine Breen 
 
 
About Sovereign Oilfield Group Plc 
 
 
Sovereign, which joined AIM in September 2005, was formed in October 2003, by Dr 
Peter Felter and Mr Graham Burgess, for the specific purpose of developing an 
oilfield service company focused on the provision of engineering, fabrication 
and drilling services and personnel to oil and gas companies and contractors in 
the UK and internationally and the promotion of new 'high tech' IP and 
technologies for enhancing oil and gas drilling and production. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAARMATMMBBBML 
 

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