Sterling Energy has provisionally agreed to appoint Paul McDade, the former CEO of Tullow Oil plc, and Ian Cloke, the former EVP at Tullow Oil plc, as executive directors of the Company. Paul and Ian have extensive experience and knowledge of identifying and developing oil and gas assets in West Africa and intend to refocus the Company’s strategy on producing assets in this region.

Paul McDade: A Petroleum engineer who has over 35 years’ experience in the oil & gas industry gaining broad operational, commercial and management experience in the North Sea, Latin America and Africa. He joined Tullow Oil in 2001 and was a one of the Executive team who built Tullow Oil to be Africa’s leading independent oil & gas company, initially as COO and latterly as CEO, before retiring from this role in December 2019.

Ian Cloke: A Geoscientist who has over 25 years’ experience in the oil and gas industry gaining broad, technical, operational, commercial and management experience in Africa, North & South America, the North Sea and South East Asia. He joined Tullow Oil in 2005 after 10 years at ExxonMobil and built operated businesses across the group as a key member of the leadership team and latterly as EVP New Ventures Business, before leaving in September 2020.

The appointments of Paul McDade and Ian Cloke as directors remain subject to formally confirming shareholder opinions, pre-appointment due diligence and the approval of the Company’s nominated adviser.

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