By BFN News | 02:38 PM | Thursday 18 December, 2014
Sterling Energy exploration director Dr Phil Frank has notified the board of his intention to resign and is expected to leave during the first quarter. Frank joined Sterling in 2011 and has guided the company through its exploration activity including the drilling of the Bamboo #1 well in Cameroon. In addition he secured Sterling's entry into the Odewayne project in Somaliland. Frank has decided that now is an appropriate time for him to stand down and has tendered his resignation. Matthew Bowyer has been appointed as Sterling's exploration manager with immediate effect and will be responsible for both the exploration activities on the company's existing assets and identifying potential new venture opportunities. Bowyer joined Sterling in 2012 as part of the exploration team and has more than 18 years of exploration experience with large and small upstream companies in many of the sub-surface basins in Africa. Frank is expected to leave during the first quarter after a transition period. At 2:38pm: (LON:SEY) Sterling Energy PLC share price was +0.01p at 19.88p Story provided by StockMarketWire.
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