London Office
26 Dover Street,
London,
W1S 4L

Edward Roland Dawson, CEO & Managing Director
Edward holds a BEng and a MSc in Investment Analysis and has over 10 years' experience in the sector, as a financier of, investor in or holding senior management roles in junior oil and gas companies. Positions held include: Managing Director of Peppercoast Petroleum plc and Managing Director of Black Star Petroleum plc, Analyst on RAB Capital's Energy fund, Business Development and Finance Manager for Oilexco Incorporated and a Fund Manager for Park Place Capital.

Richard Paul Mays, Non-Executive Director
Richard holds LLB, LLM, PhD degrees and is a Solicitor in Scotland. Formerly Professor and Depute Dean of the Aberdeen Business School he has extensive industry, commercial and legal experience. He is VP and General Counsel at Canadian Overseas Petroleum Limited a TSX and FTSE listed company. He has leadership and senior management experience of other London Stock Exchange listed companies (formerly at DEO Petroleum plc and at Oilexco North Sea Limited). He has also served as Executive Chairman of Peppercoast Petroleum plc and Black Star Petroleum plc.

William (“Bill”) Hartman Smith, Non-Executive Director
Bill is a resident of Calgary, Alberta, Canada. He is a director of a number of listed and private companies including Orca Exploration Group (TSXV); Mosaic Capital Corporation (TSXV); PFB Corporation (TSX). He holds a license to practice law in Alberta and is a past senior partner of McCarthy Tetrault LLP in Canada. He has extensive corporate experience including a number of start-up ventures and also in the oil and gas sector and brings an international prospective to the board.

Rule 26
 

The information on this page is being disclosed for the purposes of AIM Rule 26.
Last updated on 26 September 2016.

Company Description and Investment Proposition
For a description of the company please follow the following link here. The Investment Policy Adopted on 11th May 2016 can be found here.

Board of Directors
Information on Prospex Oil and Gas plc's Board of Directors can be found by following the link here.

Corporate Governance
The board is committed to maintaining high standards of corporate governance. While Prospex Oil and Gas plc does not formally comply with an official corporate governance code, the board has implemented appropriate measures including the establishment of Audit and Remuneration Committees (detailed below) to ensure that the company adheres to a standard which is practicable for a company of its size and stage.

Table of Committees
The Board is committed to creating value for shareholders; determining strategy, investment and acquisition policy; approving significant items of expenditure; and considering significant financing and legal matters.

The Board has referred certain responsibilities to the Board Committees set out below which operate within defined terms. The current composition and responsibility of Board Committees is as follows:

Remuneration Committee
The Remuneration Committee consists of Bill Smith and Richard Mays, who also chairs the committee, and is responsible for making recommendations to the Board, within agreed terms of reference, on the Company's framework of executive remuneration and its cost. The Committee determines the contract terms, remuneration and other benefits for any executive directors, including performance related bonus schemes, pension rights and compensation payments. The Board itself determines the remuneration of the non-executive directors.

Audit Committee
The Audit Committee consists of Richard Mays and Bill Smith, who also chairs the committee, and provides a forum for reporting by the Company's external auditors. The Committee is responsible for reviewing a wide range of matters, including half-year and annual results before their submission to the Board, and for monitoring the controls that are in force to ensure the integrity of information reported to shareholders. The Committee advises the Board on the appointment of external auditors and on their remuneration for both audit and non-audit work, and discusses the nature, scope and results of the audit with the external auditors. The Committee keeps under review the cost effectiveness and the independence and objectivity of the external auditors.

Country of Incorporation
United Kingdom

Registration Number
03896382

Registered Office Address
Stonebridge House,
Chelmsford Road,
Hatfield Heath,
Essex, CM22 7BD

Main Country of Operation
United Kingdom

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Shares
Prospex Oil and Gas plc's shares are only traded on AIM, a market operated by London Stock Exchange plc and has not applied or agreed to have any of its securities admitted or traded to any other exchange or platform. Substantial shareholders and shares not in the public hand can be found here. The latest share price can be found here.

Takeover Code
Prospex Oil and Gas plc is subject to the UK Takeover Code.

Financial Reports
Recent financial reports:
Interim Report 2016
Annual Report 2015
Interim Report 2015
Annual Report 2014
Interin Report 2014
Annual Report 2013

Notifications
All notifications made in the past 12 months can be found by following the link here.

Competent Person's Report
AGR TRACS’s report on the Kolo Block can be found by following the link here.

Company Advisers
Details of the company's key advisers can be found by following the link here.

Number of Securities in Issue
As at 21 September 2016 the total number of ordinary shares of 1p in issue was 285,785,836.

There are no restrictions on the transfer of Prospex Oil and Gas plc's AIM securities.
As at 21 September 2016 the percentage of company shares not in public hands was 5.1%.

Admission Document and Circulars
The Notice for the Annual General Meeting of 14th July 2016 can be viewed here.

The Notice for the General Meeting of 11th May 2016, with supplemental letter, reposing an updated Investment Policy and power to allot share capital and disapplication of pre-emption rights can be viewed here.

The Notice for the General Meeting of 14th April 2015 renaming the Company Prospex Oil and Gas, CVA, Disposal of Central Asia Resources Limited, Adoption of new Investing Policy and other matters can be viewed here.

The Admission Document of Premier Management Holdings plc (the previous name of the company) can be viewed here.

The Article of Association of Premier Management Holdings plc (the previous name of the company) can be viewed here.



(Incorporated in England with Registered Number 03896382)

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