Industry veteran joines Desire’s board

MALVERN-based Desire Petroleum, the oil exploration company wholly focused on the North Falkland Basin, has appointed Graeme Thomson to its board as an independent non-executive director.

He will also be chairman of the plc’s audit committee with effect from today.
Mr Thomson, 54, has more than 30 years of public company experience and has held a number of senior positions in the oil and gas industry.

He was finance director and company secretary for seven years at Dragon Oil, which is headquartered in Dubai, and its predecessor companies.

Mr Thomson was also a co-founder of Sterling Energy, where he spent nine years as finance director, company secretary and chief executive until he left in December 2009.

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Since then, he has been advising oil and gas companies on their corporate finance, commercial and strategic affairs and is also currently a director of Frontier Resources International.

Desire chairman Stephen Phipps said: “I am delighted to welcome Graeme to our board and we look forward to working alongside him.

“He has significant experience of both the oil and gas industry and the capital markets and will further strengthen our board which now contains an impressive combination of different industry disciplines.”