Union Jack says that Martin Durham, non-executive director, is stepping down with immediate effect. Martin has accepted a full time position with a joint venture partner and competitor and as a result there is potential for conflicts of interest. The Company has today also appointed Graham Bull as a non-executive director.

Graham, aged 68, is a geologist with 46 years of international oil and gas industry exploration experience. Following graduation from the University of Leicester in 1968 with a BSc Hons Geology he worked in Canada and held positions with Chevron, Dome Petroleum, Siebens Oil and Gas and Poco Petroleum and also provided exploration expertise to a Canadian drilling fund. He returned to the UK in 1982 taking the position as Chief Geologist to Sovereign Oil and Gas plc.

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