BNET Industries

Melrose Resources Plc.

MRS is in the Energy Industry

Last Fiscal Year Sales:$158.1M
  • Public
  • UK
Dow Jones Description

Oil & Gas Exploration Services

Number of Employees 135
Contact Information

Exchange Tower 5th Fl 19 Canning Street

Edinburgh EH3 8EG

www.melrosereso...

(44) 01312213360

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Melrose Announces 1H Results

    8/27/09 - Financial Announcement - View Story

News & Analysis

melrose resources plc. - All News and Analysis

  • Melrose grabs gas storage contract in GBP60m coup ENERGY: BULGARIA

    - 2008-06-29

    DINBURGH oil and gas explorer Melrose Resources looks set to trump the Russian gas behemoth Gazprom to snatch a GBP60 million Bulgarian government gas storage contract as analysts dramatically raised expectations for the company. News of the deal emerged as Melrose chief executive David Thomas predicted that four...

    Tags: Gazprom, Melrose Resources Plc.

  • STOCKS FOCUS: MELROSE RESOURCES

    - 2008-05-18

    DESPITE making a pre-tax loss of dollars55 million (GBP27.3m) in 2007, Melrose Resources, the Edinburgh-based oil and gas exploration, development and production company, saw boardroom salaries soar to GBP1.7m compared with GBP1.148m in 2006. Earlier this month the company said it had abandoned its Obzor No.1 offshore exploration well in...

    Tags: Melrose Resources Plc.

  • Melrose Resources unfazed by loss.

    - 2008-03-18

    New oil production should make 2008 a transformative year for Melrose. Daniel O'Sullivan A full-year loss from Melrose Resources reflects a whopping $61m (GBP30m) write-down on its unsuccessful Bulgarian deepwater drilling in early 2007. Finance charges also look high compared with profits, but ...

    Tags: Melrose Resources Plc.

  • Egyptian delight for Melrose Resources.

    - 2007-10-10

    New discoveries should spell upgrades Daniel O'Sullivan Earnings upgrades look likely for Melrose Resources after the oil and gas explorer announced success on the first two of nine new exploration wells the company is drilling across its Egyptian licences. These should more than offset...

    Tags: Melrose Resources Plc.

  • New CEO at Melrose Resources.

    - 2007-05-08

    Experienced hand joins from recent rival Melrose Resources has appointed oil industry veteran David Thomas as its new chief executive. Mr Thomas was most recently the chief operating officer of Centurion Energy, a Canadian company that was outbid by Melrose for Egyptian assets last...

    Tags: Melrose Resources Plc.

  • MELROSE RESOURCES (MRS).

    - 2007-04-13

    Shares in Melrose Resources stumbled as the company's 2006 results revealed that it merely broke even after tax. One-off costs relating to the acquisition of erstwhile Egyptian partner Merlon Resources and increased tax charges negated a 17 per cent increase in operating profit, to US$37.5m. Still,...

    Tags: Melrose Resources Plc.

  • MELROSE RESOURCES (MRS).

    - 2006-09-15

    Melrose Resources' Half-year results don't accurately reflect current production or, indeed, the company's actual gearing. That's because the acquisition of Merlon Petroleum, Melrose's erstwhile partner in its Egyptian prospects, coincided with the end of the reporting period so, while debt raised for the deal is...

    Tags: Melrose Resources Plc.

  • MARKET REPORT: New management to raise hopes for Amvescap

    - 2005-11-05

    At the start of the week Amvescap shares were boosted by rumours of a bid for the fund manager, while UBS said yesterday the stock should be a strong performer even without a takeover approach. The Swiss broker said it was convinced the conditions were in place for a improvement...

    Tags: AMVESCAP Plc., Melrose Resources Plc., NETeller Plc.

  • UK-based Melrose Resources offers cash to Novar shareholders.

    - 2004-11-14

    By Richard Orange, The Business, London Knight Ridder/Tribune Business News Nov. 14--Melrose plans to funnel up to 400 million pounds (576 million euros, $744 million) back to Novar's shareholders if the hostile bid it launched on Thursday against the UK conglomerate ...

    Tags: Melrose Resources Plc.

  • Melrose to expand Wyoming before sale

    - 2002-04-28

    MELROSE Resources, the Edinburgh oil and gas exploration company, is looking to expand its Wyoming Ethanol business to boost its attractiveness to potential buyers in the US. Although a sale is now unlikely to be achieved until 2003, when the Wyoming State Legislature is expected to renew...

    Tags: Melrose Resources Plc.

Decision Makers

Name (plus bio) Position
David Thomas CEO
Robert F.M. Adair Founder
David Archer Director, Operations
J. Munro M. Sutherland Director, Finance
Alasdair N. Robinson Secretary

Board of Directors

Name (plus bio) Position
Anthony Richmond Watson Deputy Chairman
Ahmed L Kebaili Board of Directors
Alan Parsley Board of Directors
Chris Thomas Board of Directors
James Douglas Agnew Board of Directors
James T.C. Hay Board of Directors
Kelvin M. Hudson Board of Directors
William Wyatt Board of Directors

Organization Position Status
Melrose Resources plc CEO Current
Melrose Resources plc Chief Executive Current
Concho Resources Inc. Vice Presidentexploration and Land Current
Melrose Resources plc Board of Directors Current
Conoco, Inc. Senior Geologist Former
Tom Brown, Inc. Former
The University of New Mexico Bachelor of Business Administration Degree Former

Robert is founder and Chairman of Melrose Resources plc and Terrace Hill Group plc, both of which are quoted on the London Stock Exchange. He has wide ranging business interests and provides counsel to Revera's executives whilst overseeing the Board function.

Organization Position Status
Melrose Resources plc Founder Current
Revera Asset Management Limited Non-Executive Chairman Current
Melrose Resources plc Chairman Current

Organization Position Status
Melrose Resources plc Director, Operations Current
Melrose Resources plc Board of Directors Current
Melrose Resources plc Manager Former

Organization Position Status
Melrose Resources plc Director, Finance Current
Melrose Resources plc Board of Directors Current
Cairn Energy plc Finance Director Former

Organization Position Status
Melrose Resources plc Deputy Chairman Current
Yule Catto & Co. Plc Chairman Former
Yule Catto & Co. Plc Board of Directors Former
Melrose Resources plc Board of Directors Current

Organization Position Status
Melrose Resources plc Board of Directors Current
International Finance Corporation Principal Petroleum Engineer Former
East Company Former
Mobil Oil Corporation Former
The University of Tulsa PhD In Petroleum Engineering Former
The University of Tulsa Msc In Mathematics Former
University of Paris Former

Dr Alan Parsley initially joined Shell as an exploration geologist in 1969 before moving to Britoil in 1977, where he held various technical management roles including Exploration Manager. Following Britoil's acquisition by BP in 1988, Dr Parsley rejoined Shell in The Hague as the Head of Exploration New Ventures. He then moved to Syria in 1992 to take on the role of Chief Executive, Shell Syria, before returning to The Hague in 1995 as Head of Exploration and subsequently Head of New Business Ventures. In 1999, Dr Parsley moved to Australia where he was appointed as Chairman of Shell Australia, before returning to Europe and retiring in 2004. Dr Parsley is a graduate of the University of Edinburgh, and holds both a BSc and a PhD in Geology. He has been a member of the Court of Heriot Watt University since 2005 and was appointed an Independent Non-Executive director of Melrose in 2008.

Organization Position Status
Melrose Resources plc Board of Directors Current
Shell Australia Limited Chairman Former
University of Edinburgh Former

Organization Position Status
Melrose Resources plc Secretary Current

Organization Position Status
Renova Energy Plc Executive Chairman Current
Melrose Resources plc Board of Directors Current
Melrose Resources plc Managing Director Former
Melrose Resources plc Corporate Development Director Former

Organization Position Status
Melrose Resources plc Board of Directors Current

Organization Position Status
Melrose Resources plc Board of Directors Current

Organization Position Status
Melrose Resources plc Board of Directors Current

Organization Position Status
The Ad-Visory Chairman Former
Melrose Resources plc Board of Directors Current
Tge Marine Ag Member of The Board Current
Caledonia Investments plc Executive Director Current
Close Brothers Corporate Finance Limited Former

Executive News

  • UPDATE 1-Melrose Resources says H1 performance in line

    Reuters - 7/08/09 - View Story

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