Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to announce the appointment with immediate effect of Feroz Sultan as Alba’s Technical Director – Oil & Gas. This follows the announcement on 9 April that Mr Sultan had joined Alba as a special adviser in relation to the Company’s oil investments.
Alba’s Executive Chairman, George Frangeskides, commented:
“We are very pleased that, after an initial period as an adviser to the Company, Feroz has now agreed to become more involved in our day-to-day activities by becoming Alba’s Technical Director – Oil & Gas. Feroz has a wealth of experience and has run significant oil and gas projects and companies in his time. His background and experience will be invaluable in helping to guide our investments at Horse Hill and Brockham.”
Feroz Sultan is a petroleum geologist with over 40 years of diverse experience in the management, exploration, development and production of oil and gas. He has managed both onshore and offshore oil and gas field developments and prepared field development plans and technical and commercial evaluations. His experience includes over six years (2007-13) as Chief Executive Officer/Director of Petro Ventures International, a private company which participated in the drilling of wells which have resulted in establishing gas fields in the UK North Sea and offshore Romania.
Mr Sultan also spent three years (2003-6) as Chief Operating Officer/Technical Director of Grove Energy Ltd, the AIM and TSX-V listed company which merged with Stratic Energy in 2007 with a merger valuation of approximately C$123 million.
Since January 2013, Mr Sultan has been a Director at the UK private company, DESS Energy, an equity partner in the Kirkleatham Gas Field and Westerdale Block, Yorkshire, England. DESS Energy is also pursuing oil and gas exploration and production opportunities in Europe and Mozambique.
Alba’s significant interests in both the mining and oil & gas sectors have prompted the Board’s decision to ensure that the Company has a separate technical team tasked with advancing Alba’s interests in each sector. Howard Baker’s position has accordingly been re-titled as Technical Director – Mining. Mr Baker will continue to oversee Alba’s technical and operational activities across its mining projects, while Mr Sultan will oversee Alba’s oil interests in the Weald Basin, at Horse Hill and Brockham.
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