new board members add value

The new Waterford board members will add exceptional value to JPR:

"Alastair Beardsall

Alastair (56) has been involved in the oil industry for 30 years. In 1980 Alastair started work with Schlumberger, the oil-field services company, and from 1992 he began working for independent exploration and production operators, with increasing responsibility for specific exploration, development and production ventures.

Between September 2003 and October 2009, Alastair was Executive Chairman of Emerald Energy plc during which time Emerald grew, from a market capitalisation of less than $8 million, until in October 2009 Emerald was acquired by Sinochem Resources UK Limited, for $7.50 per share in a transaction that valued Emerald at $532 million.

Alastair is currently Executive Chairman on the AIM listed Sterling Energy Plc.

Baltabek Kuandykov

Baltabek is currently President of Meridian Petroleum, a privately held Kazakh oil & gas company. He was formerly President of Nelson Resources Limited, the oil development and production company operating in Kazakhstan which was listed on the Toronto Stock Exchange until its acquisition by Lukoil in 2005.

Mr Kuandykov has considerable experience in the oil and gas industry in the region, having served as President of Kazakhoil (predecessor of the Kazakh State oil company KazMunaiGas) and is a well respected consultant to Chevron Overseas Petroleum on CIS projects.

He also worked in a senior capacity for Kazneftegazrazvedka and was president of Kazakhstancaspishelf.

Mr Kuandykov also has extensive government experience in Kazakhstan, having served as Deputy Minister of Geology, Head of the Oil and Gas Directorate at the Ministry of Geology, and was Deputy Minister of Energy and Fuel Resources."

It would be hard to imagine anyone better to represent JPR in Kazakhstan than someone with the qualifications of Baltabek Kuandykov; no wonder the shares are on a roll...