Zoltav Resources: Alastair Ferguson Appointed as Executive Director

Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce 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. Mr Ferguson was an Executive Vice-President Gas & Power with TNK-BP between 2003-2011 having successfully led its gas and power business in Russia and Ukraine. He continues to work in Moscow as an independent advisor on energy issues. Prior to that, he held a wide range of senior positions with BP during his 33 year career in the oil and gas industry.

As an executive director of Zoltav, based predominantly in Moscow, Alastair will assist in developing the Group’s leadership function. He will oversee the development planning for both the Bortovoy and Koltogor Licences and the Company’s acquisition strategy.

Symon Drake-Brockman, Executive Chairman, commented:

“Alastair’s highly relevant experience is valuable to Zoltav; so I am I am delighted that he has agreed to take on an executive role with the Company. We look forward to Alastair’s contribution to the advancement of Zoltav’s Koltogor and Bortovoy Licences and its acquisition strategy.”