Faroe Petroleum Names New Chief Financial Officer

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces the appointment of Jonathan Cooper as Chief Financial Officer.

Jonathan Cooper is a chartered accountant by training having qualified with KPMG before joining Dresdner Kleinwort Benson (later Wasserstein) in their Oil & Gas Corporate Finance and Advisory Team. In 2006 he was appointed as an Executive Director of Gulf Keystone Petroleum, followed by Sterling Energy plc in 2008, where he was Finance Director. He subsequently joined Lamprell plc as Chief Financial Officer in 2011.

Jonathan will take up his appointment on 1 July 2013. Iain Lanaghan is remaining with the Company until 30 June to ensure a seamless handover.

John Bentley, Non-Executive Chairman of Faroe Petroleum, commented:

“I am very pleased to welcome Jonathan Cooper to the Board of Directors of Faroe Petroleum. His knowledge of the sector and business pedigree is first rate and his appointment strengthens the team as we move to an exciting new phase of growth.

“I would also like to thank Iain Lanaghan again for all of his diligence and hard work over the last four years in guiding the Company into the position of financial strength and sustainability and the Board would like to wish Iain all the best for his future.”

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Press Release, May 13, 2013