REG - Empyrean Energy PLC - CEO Appointment and Board Composition Review

Empyrean EnergyAnnouncement

27/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260227:nRSa6206Ua&default-theme=true

RNS Number : 6206U  Empyrean Energy PLC  27 February 2026

27 February 2026

 

 

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

 

Empyrean Energy PLC ('Empyrean' or 'the Company')

CEO Appointment and Board Composition Review

 

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas exploration
and development company with interests in Australia, Indonesia, and the United
States, is pleased to advise that current Interim Chief Executive Officer
("CEO") and Technical Director Gajendra (Gaz) Bisht has been appointed as CEO,
effective immediately. Mr Bisht will also continue in his role as Technical
Director.

 

The appointment of Mr Bisht to perform both roles represents the most prudent
course in the circumstances and recognises his commitment and performance over
the past 6 months in the interim CEO role. This appointment follows the
successful settlement with Conrad and securing of Empyrean's participation in
the Mako Gas Discovery.  It also reflects a focus on cost reduction while the
Company assesses new value accretive opportunities in the oil and gas sector.
As advised, Empyrean is currently undertaking a disciplined evaluation of its
broader portfolio and is assessing new growth opportunities.

 

Gaz Bisht is an oil and gas professional with over 36 years of proven skills
in all aspects of Exploration and Production. In the past 5 years, he has
developed strong business acumen in strategy framing and execution and has
built deep and effective relationships with international companies as well as
regulators in South-East and North Asia, particularly in Indonesia, China and
Malaysia.

 

 

Chairman, John (Spencer) Laycock, commented:

 

"Gaz has done a terrific job leading the Company in difficult circumstances
and following the successful conclusion of negotiations with Conrad, the Board
felt it appropriate that Gaz continue in the CEO role on a permanent basis.
Empyrean is also currently undergoing a review of its Board Composition to
ensure it has the appropriate skills and expertise to best serve the Company
and its shareholders and support Empyrean's management moving forward".

 

 

 

 

For further information please visit www.empyreanenergy.com
(http://www.empyreanenergy.com/)  or contact the following:

 

 Empyrean Energy plc                                               Tel: +61 (8) 6146 5325
 Gaz Bisht

 Cavendish Capital Markets Limited (Nominated Advisor and Broker)  Tel: +44 (0) 207 220 0500
 Neil McDonald

 Pearl Kellie

 AlbR Capital Limited (Joint Broker)                               Tel: +44 (0)20 7469 0930
 Colin Rowbury

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOASEFEDMEMSEDE



            Copyright 2019 Regulatory News Service, all rights reserved