Sirius report the appointment of Ed Johnson as Chief Executive. Ed was recently appointed to the board of directors of Sirius (the “Board”) as Commercial Director to advise the Company on its acquisition strategy, where Siriusis currently considering a number of opportunities in the oil and gas sector with a particular focus in Nigeria.

The Board has decided to accelerate Ed’s appointment to Chief Executive in order to drive the Company’s development programme and build out the operational management team in line with the Company’s strategy to grow its oil & gas assets under management.

Toby Hayward will revert to Non-Executive Director with immediate effect.

The Company also announces a Subscription of 12,500,000 new ordinary shares in Sirius (“New Ordinary Shares”) raising £487,750 (net of expenses) to complement the Company’s existing working capital resources as the management team accelerates the operational infrastructure ahead of the Company’s first asset acquisition.

Tags: Sirius Petroleum