Directorate Change

Gasol plc (AIM: GAS), a company established to capitalise on acquisition and investment opportunities in the oil and gas sectors, announces that the Company's Chairman, Michael Weston, will step down from the Company's Board with effect from 17 May 2006 to pursue other business interests.

Gasol is continuing to pursue its focus on liquefied natural gas (LNG) in the Gulf of Guinea region of West Africa where the Company is continuing to investigate several potential opportunities. The Gulf of Guinea is an important and growing source of natural gas and the region's reserves are estimated at more than 200 trillion cubic feet.

The Company looks forward to updating shareholders on the progress of its negotiations in respect of potential opportunities in due course.

Download the Regulatory News Release - PDF (18KB)

For further information:

Gasol plc
Haresh Kanabar, Chief Executive
+44 (0)20 7297 0010

Panmure Gordon & Co
Katherine Roe
+44 (0)20 7459 3600

Buchanan Communications
Mark Court
James Strong
+44 (0)20 7466 5000

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