Roxi Petroleum names new COO, non-exec director

Roxi Petroleum announced the appointment of Hyunsik Jang as Chief Operating Officer.

Mr Jang, aged 53, is a Korean National who has 26 years experience in the upstream oil & gas industry, gained principally with LG where he worked in South East Asia, the Middle East and Latin America.

In 2006, he was promoted to Vice President in charge of the Energy Division and in 2007 transferred to Kazakhstan as head of LG's Central Asia region. Mr Jang was responsible for LG's interest in the ADA and ADA properties, which were previously of interest to Roxi.

Mr Jang will be responsible for the day to day activities in dealing with our partners in developing the interests in Roxi's assets. In particular, he will be responsible for controlling the execution of the expanding drilling activity across all assets during 2010, with a particular emphasis on the maintenance of high standards of quality, at the optimal cost, to achieve this objective. He will also be responsible for identifying sources of new finance from the Far East will be part of the management structures supervising the joint venture operations with our partners. 

Appointment of a non-executive director

Roxi is pleased to announce the appointment of Edmund Pery, Earl of Limerick, as a non-executive director.

Edmund Limerick has been involved in Central Asia and financing the oil and gas business for the last 18 years. He is a manager of the Altima Central Asia Fund which has invested in private equity in the oil sector in many countries in the region, and prior to that he spent many years in Deutsche Bank as a project financier and senior oil and gas investment banker in Moscow, London and Dubai.

Previously Edmund was a solicitor with Milbank Tweed in Moscow and Freshfields and Clifford Chance in London. His early career was spent in HM Diplomatic Service with postings in Paris, Dakar and Amman. He was educated in Oxford, London, Moscow and Paris and speaks Russian.

He is a non-executive director of Chagala Ltd, Saddleback Mining Ltd, GCRC 1 Ltd, a Governor of Ardingly College and a member of the Association of Conservative Peers.

Edmund will join the audit and remuneration committee of the Roxi board.

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