Sterling Energy appoints former DEO Petroleum boss as chief executive

Oil and gas exploration firm Sterling Energy announced on Wednesday that David Marshall has been appointed chief executive with immediate effect.

Marshall joins the AIM traded company with 35 years of experience in oil and gas production and development and expertise in technical solutions for accessing production from stranded assets.

Marshall’s experience includes holding managerial positions in oil and gas drilling operations in Tunisia, Turkmenistan, the North Sea, Gulf of Mexico, Gabon, the Middle East, Egypt and Holland, and serving as chief executive of DEO Petroleum prior to its acquisition by Parkmead.

He also holds an MA in petroleum engineering from Heriot Watt University and a BSc in civil engineering from Glasgow University.

Michael Kroupeev, non-executive chairman of Sterling Energy, said: "We are delighted to welcome David to the board of Sterling and feel he will make a great addition to the team. His considerable experience and expertise in the E&P sector will be invaluable to the company as it continues to pursue opportunities to add to the company's portfolio of assets."

As of 1231 BST, Sterling Energy’s shares were down 1.51% at 13.05p.