Tullow Oil plc - Board Change
28/04/2008
28 April 2008 – The Board of Tullow Oil plc (Tullow) announces with regret that Tom Hickey has today given notice of his resignation from the Board and from the position of Chief Financial Officer of Tullow. Tom’s decision to leave Tullow reflects the considerable personal demands of his role in a London-based multi-national company and his desire to live full time in Ireland. Tom believes that it would not be possible for him to continue to fulfill the demands of his role from Dublin as Tullow continues its rapid growth.
The Board will immediately begin the process of recruiting his successor and Tom will remain in his role until a suitable candidate has been identified to ensure an orderly transition. It is currently envisaged that he will leave sometime after the Interim Results in August and before the end of the year.
Commenting today, Aidan Heavey, Chief Executive of
Tullow said:
“I am personally very sad that Tom is to leave Tullow as
he has made an outstanding contribution to the Group since he
joined us in 2000. His commitment has been exceptional and we are
all truly disappointed that he will not be part of the next phase
of growth and development of the business. We fully understand his
decision and wish him every happiness and success in the
future.”
Tom Hickey added:
“It has been a great pleasure to work with Aidan and the
team at Tullow for the last eight years. During this period Tullow
has consistently demonstrated strong business growth and delivered
exceptional shareholder returns and I believe the team we have
built will continue this performance. My decision to move on from
Tullow has been a very difficult one, but I believe it is the best
personal long-term course of action.”
For further information contact:
| Tullow Oil plc | Citigate Dewe Rogerson | Murray Consultants |
| (+44 20 8996 1000) | (+44 20 7638 9571) | (+353 1 498 0300) |
| Tom Hickey | Martin Jackson | Joe Murray |
| Chris Perry | Kate Delahunty |
Notes to Editors
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 100 exploration and production licences across 23 countries and focuses on four core areas: Europe, Africa, South Asia and South America.
Tullow’s European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames-Hewett areas and operates over 70% of its production.
In Africa, Tullow has exploration and production in Gabon, Côte d'Ivoire, Mauritania and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high impact exploration activities in India.
In South America Tullow has high impact exploration interests in Trinidad and Tobago, French Guiana and Suriname.
For further information please refer to our website at www.tullowoil.comENDS
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