12 January 2006
Offshore Hydrocarbon Mapping appoints Finance Director
Offshore Hydrocarbon Mapping plc ("OHM" or "the Company") has appointed Robert (Bob) Auckland as Finance Director with effect from 6 February 2006.
Bob Auckland (45), a member of the Institute of Chartered Accountants of Scotland has previously worked within the professional accountancy firms, Deloitte Haskins and Sells, and Coopers and Lybrand, before moving in 1994 to become finance director of privately owned fishing group, JW Holdings Limited.
Bob has been on secondment from J W Holdings Ltd to the Treasury and Special Projects Department of publicly listed John Wood Group plc since May 2005.
Commenting on the appointment, Dave Pratt, OHM's Chief Executive Officer said: "I am delighted that we have attracted someone of Bob's calibre to OHM.
At a time that the Company is seeing increasing order intake and sales enquiries, Bob's strong financial management experience is an important strengthening of the Board."
Ends
For further information, please contact:
Dave Pratt, Chief Executive Officer, OHM Plc, 0870 429 6581
www.ohmsurveys.com
Aquila Financial Limited Peter Reilly 020 7202 2601
ohm@aquila-financial.com
Notes to Editors
OHM's survey method transmits an electromagnetic field into the earth, which is modified by the presence of subsurface resistive layers. These changes in the field are measured and the resulting data is processed to provide information on the resistive structure of the subsurface.
Because hydrocarbon accumulations are generally very resistive, this method can indicate the presence of oil and gas in water depths of as little as 50 metres in certain circumstances, and can detect and map the edges of such accumulations. This reduces the risk of drilling non-commercial exploration wells and can reduce the need for appraisal drilling, thereby creating considerable value for oil explorers.
The company listed on London's Alternative Investment Market in March 2004.
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