CBM Oil plc

March 12, 2008 08:58 ET

CBM Oil Plc: Appointment of Director

LONDON, UNITED KINGDOM--(Marketwire - March 12, 2008) - CBM Oil Plc ("CBM" or "the Company") wishes to announce the appointment of Leslaw Geller to the board on 11th March 2008.

Leslaw Geller is appointed to the Board as a director in accordance with the agreement between CBM Oil and Chornomornaftogaz governing the issue of CBM Oil shares to Chornomornaftogaz against certain milestones and the appointment of directors against certain milestones.

Mike Burchell, Chairman, CBM says "I am delighted that Leslaw has joined the board as he brings a wealth of experience and we believe he will be a great asset to the Company."

Leslaw has held the following directorships during the past five years:

Dynamik (Ukraine) Linde AG (Ukraine)
BIC (Ukraine)
Black Sea Oil & Gas AG (Ukraine)

There are no other matters which are required to be announced pursuant to Paragraph 18 of Appendix 1 of the PLUS Markets "Rules for Issuers".

The Directors of the Issuer accept responsibility for this announcement.

Contact Information

  • CBM Oil Plc
    Mike Burchell
    +44 (0) 1372 361772
    Email: mikeburchell@hotmail.com
    Alfred Henry Corporate Finance Limited
    Nick Michaels
    020 7251 3762