Artumas Strengthens Executive Team
Artumas Group Inc. (OSE:AGI) Artumas announces the appointment of Mr. Duncan Nightingale as Senior Vice President Exploration, effective 12 November 2007.
Mr. Nightingale will be a key addition to the Artumas Group executive team, enhancing the strategic leadership required to facilitate the growth of AGI through the Company's ongoing exploration activities in the Rovuma Delta Basin in Tanzania and Mozambique and to ensure the effective development of our current assets in Tanzania.
Duncan Nightingale has over 26 years of international experience with major international companies. His most recent role has been with Dana Gas PJSC as General Manager, Exploration and Production based in the United Arab Emirates. From 1994 to 2002, he held senior level geoscience positions, including an in-country role as President & General Manager of Nexen Exploration and Production Ltd., Lagos, Nigeria. Prior to this, Duncan worked with EnCana Ltd. as General Manager, EnCana International, Oman, Qatar and Bahrain Ltd. Born in the United Kingdom, Duncan holds a B.Sc. (Hons) in Geology and Geophysics from the University of Nottingham.
Mr. Nightingale's experience includes all aspects of managing exploration programs, development production operations, new business ventures, portfolio management and strategic planning. Regions worked include the Middle East, Far East, Latin America, C.I.S. North Sea, Eastern Europe, Australasia as well as North and West Africa.
To the role as Senior Vice President Exploration Mr. Nightingale brings a proven track record and international depth in successful exploration program execution, production operations, project management and capturing new reserve additions, as well as building and leading highly efficient and successful multidisciplinary technical teams. He is culturally fluent in presenting to and negotiating with, foreign governments, national oil companies and related stakeholders.
On behalf of the AGI board of directors and executive, we welcome Duncan Nightingale to our team and look forward to his valued contribution towards the exciting growth prospects of Artumas Group.
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For further information, please contact: www.artumas.com
Stephen W. Mason, President & CEO +44 784 137 3695
Anthony Reinsch, Executive Vice President +1 403 268-6521
Wendy Shaw, Manager of Investor Relations +1 403 681-8960
Artumas Group Inc. is an international energy producer focused on monetizing its hydrocarbon resources in the Rovuma Delta Basin in Tanzania and Mozambique. By exploring, developing, producing and commercializing known petroleum systems, Artumas is poised to deliver a sustainable rate of return for its stakeholders while creating social and economic opportunities for the people of Eastern Africa.
Artumas' common shares trade on the Oslo Stock Exchange under the symbol AGI.
FORWARD LOOKING STATEMENTS
This news release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
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NOTICE
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