February 28, 2013 09:00 ET
CAP ENERGY LIMITED
("Cap" or the "Company")
Appointment of Directors
CAP Energy Limited, a company listed on the ISDX Growth Market focused on upstream oil and gas exploration
in sub-Saharan Africa, is pleased to announce the appointment of Mr. Pierantonio Tassini as an executive
director of the Company and Mr. Alexander Haly as a non-executive director of the Company with immediate
Mr. Tassini, who joined the Company as Chief Operating Officer, is a petroleum engineer who has had a 42
year career with ENI S.p.A., a leading integrated energy company. During his career with ENI, Mr. Tassini
has held a variety of positions, including, since 1996, senior commercial and technical roles in West
Africa, both in the management of upstream activities and representing ENI's interests at shareholder level
in several large scale LNG projects.
Commenting on Mr. Tassini's appointment as Chief Operating Officer, Chief Executive Officer Lina Haidar
said: "We are delighted to welcome Pierantonio to the Company and look forward to having his expertise and
advice in the board room, especially as we develop our operations in sub-Saharan Africa."
"Mr. Haly, who joined the Company as a Non-executive Director, is a Director of Petroserve Holding BV
("Petro"), which provides and manages offshore support vessels to the oil and gas industry. Mr. Haly has
been CEO of Petro since 2006. Petro operates predominantly throughout the West African coast where it is
present in several countries."
Commenting on Mr. Haly's appointment, Lina Haidar said: "Alexander's experience and regional contacts give
the Company access to invaluable market information about the West African offshore oil industry, allowing
us to be better informed when making strategic decisions."
Save as disclosed below, no additional information relating to Mr. Tassini or Mr. Haly falls to be disclosed
pursuant to Rule 71 and paragraph 18 of Appendix 1 of the ISDX Growth Market - Rules for Issuers.
Current Directorships and Partnerships Past Directorships and Partnerships
Oligo Limited None
OSM Africa Limited
Petroserve Holding BV
Petro Services Congo SARL
Petro Services Gabon SARL
Petro Services Shipping Ghana Limited
World Natural Resources Limited
Mr. Tassini does not currently hold any Ordinary Shares. Mr. Haly is interested in 12,000,000 Ordinary
Shares, representing 20.08% of the Company's current issued share capital of 59,759,867 Ordinary Shares. Mr.
Haly and Ms. Haidar are also shareholders in Global Energy Trade Limited, which is interested in 30,000,000
Ordinary Shares, representing 50.20% of the Company's issued share capital.
The Directors of Cap Energy Limited are responsible for the contents of this announcement.
For further information please contact:
Tim Hearley, Chairman
Tel: +44 (0) 7850 390998
Lina Haidar, Chief Executive Officer
Tel: +44 (0) 20 7491 9196
Duncan Vasey and Mark Anwyl
Peterhouse Corporate Finance Limited
Tel: +44 (0) 20 7469 0930
Ian Proud Associates
Tel: + 44 (0) 7956 909418
25 Dover Street
Tel: +44 (0) 20 7491 9196
Cap Energy Ltd
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