(DPL.L) Dominion Petroleum Ltd Buy/Sell

RNS Number : 8181B Dominion Petroleum Limited 03 November 2009

3 November 2009

Dominion Petroleum Limited

("Dominion" or "the Company")

Appointment of Chief Executive Officer

Dominion today announces that Andrew Cochran has been appointed as Chief Executive Officer with immediate effect. Andrew's role will be to work with the existing management team to continue to strengthen the Company's financial position, following the investment by BlueGold Global Fund L.P, which was completed in September 2009.

Andrew was previously Business Development Director at Salamander Energy PLC, a FTSE-250 oil and gas company, of which he was a founder. Prior to that, he was New Ventures Manager at Endeavour International Corporation and before that Exploration Advisor at Anadarko Petroleum.

As a result of Andrew's appointment, Justin Dibb has stepped down from the Board and his role as Interim Chief Executive with immediate effect, but will remain with the Company as a Managing Director.

Roger Cagle, Dominion's Chairman, commented:

"We are extremely pleased to have Andrew join us at Dominion. His considerable industry experience will bring a complementary skill set to existing competencies within the Company and we look forward to having him guiding the Company through its most exciting phase of exploration and corporate repositioning."

Andrew Cochran commented:

"The coming months are set to be an interesting time for Dominion and I hope to help complete the process of simplifying the company's capital and operational structure and strengthening its balance sheet. I am very much looking forward to working with Dominion. There is an impressive team in place, with the operational capabilities to run an active drilling programme. "

The disclosures required to be made under Rule 17 of the AIM Rules in respect of the new directors are set out in the Appendix to this announcement.

ENQUIRIES:

Dominion Petroleum Limited
Roger Cagle, Chairman +44 (0) 20 7747 2000

Pelham Public Relations
Archie Berens +44 (0)20 7337 1509 / +44 (0)7802 442 486

Seymour Pierce Limited +44 (0)207 107 8000

Corporate Finance: Nandita Sahgal, Christopher Wren Corporate Broking: Richard Redmayne

Canaccord Adams Limited +44 (0)207 050 6500

Jeffrey Auld, Elijah Colby

ABOUT DOMINION PETROLEUM

See www.dominionpetroleum.com

APPENDIX

Andrew Liam Cochran, aged 40, holds, or has held within the past five years, the following directorships:
Postion Company/Partnership Position still held

Executive Director Salamander Energy PLC No

There is no further information to disclose in respect of Andrew Cochran under paragraph (g) of schedule 2 of the AIM Rules.

This information is provided by RNS The company news service from the London Stock Exchange

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