Zoltav says that Alastair Ferguson, a non-executive director of the Company since 19 May 2014, has become an executive director.

Mr Ferguson has an extensive background in the oil and gas industry having held both technical and senior leadership roles in BP and TNK-BP. In particular, as a result of his time at TNK-BP he has considerable experience and knowledge of the Russian gas market which will be relevant following Zoltav's acquisition of the Bortovoy Licence in the Saratov Oblast in June 2014.

Mr Ferguson is a non-executive director of JKX Oil and Gas plc, listed on the London Stock Exchange with assets in Eastern and Central Europe, and Kazmunaigaz Exploration and Production, an oil and gas exploration and production company focussed on the Caspian region in Kazakhstan.

Tags: Zoltav Resources