Pancontinental Oil & Gas NL announced that Director (and former Chairman) Mr. Dave Kennedy has taken up the role of Chairman from John Leach, who has stepped down as Chairman. John Begg and Marie Malaxos have joined the Board as Executive and Non-Executive Directors respectively. Begg takes over as CEO from Barry Rushworth.

Rushworth will remain on the Board as a Non-Executive Director and will continue to have responsibility for Pancontinental's high­ potential African ventures. Ernie Myers will also remain on the Board as a Non-Executive Director and Vesna Petrovic has stepped down from the Board but remains a part of the management team in the role of CFO and Company Secretary.