ATI Oil Plc
LSE : ATIP

June 16, 2008 02:00 ET

Appointment of Directors

                                                                                          16 June 2008
                                                                                                      
                                                                       ISIN: GB00B04BP253/GBP/PLUS-exn
                                                   
                                              ATI Oil Plc
                                             Martin House
                                             5 Martin Lane
                                                London
                                               EC4R 0DP
                                                   
                                       Tel: +44 (0)20 7469 2940
                                       Fax: +44 (0)20 7469 2901
                                        Email: info@ati-oil.com
                                       Website: www.ati-oil.com


                                              ATI Oil Plc

                                        ("ATI" or "the Company")

                        Board strengthened by two new oil industry appointments


ATI is pleased to announce the appointment of two new directors to the Board with immediate effect.


Appointment of Chief Executive

Per  Gunnar  Loge, 59 and a Norwegian national, has over 35 years of experience in  the  oil  and  gas
sector, mainly offshore Norway, but also has experience in North Africa, the UK and Danish sectors  of
the  North  Sea  and  South  America. In 2005 he founded, and was Chief  Executive  Officer  of,  Ener
Petroleum  ASA,  a Norwegian independent, which was acquired by Dana Petroleum Plc in 2007.  Prior  to
that  he  founded,  and  was  Chief  Executive Officer of,  OER  Oil  AS  ("OER"),  another  Norwegian
independent, which was taken over by Endeavour International Corp in 2004.

Prior to joining OER, Per Gunnar was responsible for operated activities, quality management, HSE  and
government  relations in respect of Deminex/RWE-DEA's Norwegian activities. During his career  he  has
also  held  technical  and management positions with companies such as Aker and Thyssen,  as  well  as
working as an independent consultant to E&P companies.

During  his  career  Per Gunnar has also served as a Board Member of the Norwegian  Petroleum  Society
("NPF"),  as Chairman of the NPF Professional Council and as a member of the International Association
of  Oil and Gas Producers Committee on Safety, Health and Personnel Competence. He has also chaired or
served as a member of a number of programme committees and other professional bodies.



Current Directorships:
Loge Resources AS
Nordic Petroleum ASA

Past Directorships:
Ener Petroleum ASA
Lundin Petroleum Norway AS
OER Oil AS

Current shareholding in ATI:
Nil

Appointment of Non Executive Director

Erik  Costa  Jorgensen,  39, is currently the Chief Financial Officer of Amni International  Petroleum
Development  Company Limited ("Amni"), a private company exploring for and producing  hydrocarbons  in
Africa,  which, together with its partner Afren Plc, has within the last week achieved  first  oil  at
Okoru  Setu,  offshore  Nigeria. He previously worked in Shell's global M&A  team  as  well  as  Shell
Capital,  focusing on debt and equity investments and hybrid structures for growth  for  oil  and  gas
companies  in  emerging markets. His final Shell post was managing the Company's cross border  natural
gas business in Denmark. In 2005, after thirteen years with Shell, Erik joined Standard Bank Plc as  a
senior originator and energy finance advisor in their global oil and gas business, later becoming Head
of  Oil & Gas (Africa; Europe; Asia; Middle East), and as such the main deal manager and the focus for
proposed transactions. He left Standard Bank in November 2007 to take up his current role with Amni.

Erik  is  a  Chartered Engineer and FSA-registered Investment Advisor, and holds a  Corporate  Finance
Qualification from the Institute of Chartered Accountants in England & Wales, as well as a  BEng  from
Imperial College and an MSc from Cranfield University.

Current Directorships:
None

Past Directorships:
None

Current shareholding in ATI:
Nil

Following these appointments the directors' total beneficial shareholding remains at 542,000 and their
percentage ownership of ordinary shares of the Company is 0.58%.

Composition of Committees

Ian  Livingstone  is stepping down with immediate effect as both Chairman and a Member  of  the  Audit
Committee. Erik Jorgensen will take over the role of Chairman of this committee, whose other member is
Derek Musgrove.

Derek  Musgrove is stepping down with immediate effect as a Member of the Remuneration and  Nomination
Committee, to be replaced by Chris Foss. Ian Livingstone remains as Chairman of this committee.


Derek Musgrove, Chairman of ATI, commented on the appointments:

"I am delighted that ATI has managed to secure the services of Per Gunnar Loge and Erik Jorgensen.

I  have known both of them for some time and believe the appointment of individuals with their oil and
gas  calibre  is testament to the quality and potential of our substantial asset position,  which  has
been painstakingly built over a number of years alongside the operator, Northern Petroleum. With their
added  assistance this quality will become increasingly clear as they add their efforts and experience
to  our  progress  in creating and realising further value for the Company's shareholders.  These  are
exciting times."

Per Gunnar Loge, Chief Executive of ATI, added:

"I  feel honoured to be allowed to take on this exciting challenge of bringing a great potential  into
maturity.  I look forward to effecting a major transformation from recognising underground  assets  to
creating  commercial production and also realising shareholder value. I feel confident  that  we  will
succeed."


               The Directors of the Issuer accept responsibility for this announcement.
                                                   
                                                -Ends-
                                                   
Contact Details:

ATI Oil Plc
Derek Musgrove, Chairman
Per Gunnar Loge, Chief Executive
Chris Foss, Finance Director
Tel: 020 7469 2940

St.Helen's Capital Plc
Barry Hocken/Duncan Vasey
Tel: 020 7628 5582

Hansard Communications
Chris Roberts/Kirsty Corcoran
Tel: 020 7245 1100

For further information on ATI's Italian assets please see our web site, www.ati-oil.com.

Contact Information

  • ATI Oil plc