PRESS RELEASE
01 NOVEMBER 2006
Appointment of Finance Director
Ramco Energy plc ("Ramco" or the Company)
Ramco Energy plc ("Ramco"), the Aberdeen based independent exploration company, announces that it has appointed Christopher Gilbert Moar (aged 43) to the Board of Ramco as Finance Director with immediate effect.
Chris Moar, currently VP Finance & Company Secretary, joined Ramco in 1993 and was appointed Company Secretary in December 1996. Prior to this he was a planning and financial accountant for Baker Oil Tools (United Kingdom) Limited. Mr Moar has an MA degree in Accountancy from Aberdeen University and qualified as a Chartered Accountant with Arthur Young in 1987. His current directorships, as set out below, comprise a number of subsidiaries of Ramco including Lansdowne Oil & Gas plc, the Irish focussed exploration and production company which was admitted to AIM in April 2006, where he is also Finance Director.
Chris Moar, is interested in 14,816 shares in Ramco, representing 0.04 per cent. of the issued share capital. Chris Moar also has the following options in Ramco:
| Grant Date | Options | Price | Exercise period |
| 6 November 1996 | 6,200 | £7.550 | Any time up to 6 November 2006 |
| 29 April 1998 | 5,000 | £6.750 | Any time up to 29 April 2008 |
| 10 May 2001 | 50,000 | £3.475 | Any time up to 10 May 2011 |
| 29 July 2005 | 60,000 | £0.340 | Between 29 July 2008 and 29 July 2015 |
| Total | 121,200 |
All the above options are subject to performance criteria which are set out in the report and accounts of Ramco for the year ended 31 December 2005.
Mr Moar has confirmed that there are no other matters to be disclosed in relation to Schedule 2 paragraph g of the AIM Rules.
Stephen Remp, Ramco’s Executive Chairman said:
“Chris has been integral part of the team for a number of years now and we are delighted to be welcome him to the Board as Finance Director. He has extensive expertise in both the Ramco and Lansdowne stories and will undoubtedly continue to provide invaluable support in his new role as we move forward.”
ENQUIRIES:
Ramco Energy plc- Aberdeen
Steven Bertram, Managing Director,
Tel: 01224 748480
John East & Partners Limited
David Worlidge, Tel: 020 7628 220
College Hill - London
Nick Elwes, Tel: 020 7457 2020
Ramco Energy plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
United Kingdom
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481
Chris Moar’s current directorships comprise:
Ramco Eastern Europe Limited
Medusa (Montenegro) Limited
Ramco Seven Heads Limited
Donegal Exploration Limited
Lansdowne Oil & Gas plc
Lansdowne Celtic Sea Limited
Ramco Dormant Subsidiary Limited
Past directorships in the last five years:
MMS Petroleum Services Limited
Balkan Explorers Bulgaria Limited