The Board of Emerald Oil and Gas NL announced the appointment of Mr. Simon Lee AO as Chairman and Mr. Ross Stanley as Non-Executive Director of the company effective immediately. As a result of this appointment, Ross Williams will step down as Chairman but will remain as a Non-Executive Director of the company. As part of the Board restructure, Mr. Morgan Hart has been appointed as Managing Director of the company and Mr. Peter Pynes and Mr. Tim Kestell have resigned as directors effective immediately. Mr. Mark Clements has been appointed Company Secretary following the resignation of Ms. Amanda Burgess. Mr. Lee has had extensive management experience with a diverse range of business enterprises in a career that has based him in Asia, England, Canada and Australia. Mr. Lee has held a number of positions, which included Board Member of the Australian Trade Commission (AUSTRADE) and President of the Western Australian Chinese Chamber of Commerce Inc. Mr. Stanley is a well-respected mining executive with extensive experience both in Australian and African mining enterprises. Ross was formerly the majority shareholder and Managing Director of
ASX listed Stanley Mining Services prior to its merger with Layne Christensen in 1997. Stanley Mining was the dominant drill services provider in Ghana in the 1990's. Ross also served as a Non-executive Director of Equigold NL.