Investegate |Sterling Energy PLC Announcements | Sterling Energy PLC: Relevant changes to significant shareholders investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Sterling Energy plc ( Sterling or the Company ) an upstream oil and gas company listed on the AIM market of the London Stock Exchange (Ticker Symbol: SEY) announces that the Company has been informed that that Waterford Finance & Investment Limited and Mistyvale Limited have agreed to sell their shareholdings in the Company (representing 29.23% and 15.66% of the issued share capital respectively). The Company also confirm that it has provisionally agreed to appoint Paul McDade, the former CEO of Tullow Oil plc, and Ian Cloke, the former EVP at Tullow Oil plc, as executive directors of the Company. Paul and Ian have extensive experience and knowledge of identifying and developing oil and gas assets in West Africa and intend to refocus the Company s strategy on producing assets in this region.