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The Rt. Hon. Malcolm Rifkind QC Appointed to the Board of Ramco Energy plc.

LAFAYETTE, La.--(BUSINESS WIRE)--July 25, 1997--Ramco Energy plc (Ramco), the AIM listed independent oil company focused on the former Soviet Union and Eastern Europe, today announces the appointment of the Rt. Hon. Malcolm Rifkind QC to the Group's Board.

Rifkind, former Secretary of State for Foreign and Commonwealth Affairs, has been elected to join the Board as a Non-Executive Director with effect from 1 August 1997.

Wednesday (23 July 1997), Ramco announced a recommended share offer to acquire the whole of the issued, and to be issued, share capital of JKX Oil & Gas (JKX), the UK based energy company focused primarily on the Ukraine and Georgia.

Rifkind's experience in the areas in which JKX operates, as well as in the former Soviet Union and Eastern Europe as a whole, will be invaluable towards building Ramco's business in these regions.

Rifkind provides a further strength of regional and political knowledge to Ramco's Board, as well as a knowledge of Scotland and Scottish business through his time as Secretary of State for Scotland. Rifkind also has a good knowledge of the regions in which Ramco operates and high level political contacts within these regions.

Commenting on the appointment, Steve Remp, Chairman and Chief Executive of Ramco Energy plc, said, "It is a great compliment to Ramco to have a man of Malcolm's stature and extensive political relationships join us at such an exciting time in our Company's development. His particular interest in the former Soviet Union and Eastern Europe will prove invaluable towards our further growth."

The Rt. Hon. Malcolm Rifkind QC, added, "I very much look forward to joining Steve Remp and his colleagues in the Ramco Board's objective to build substantial shareholder value through its proven strategy in these regions."

The Rt. Hon. Malcolm Rifkind QC was called to the Scottish Bar in 1970. He represented the Edinburgh Pentlands constituency as their MP from 1974-1997. During this time, he also held the positions of: Parliamentary Under Secretary of State, Scottish Office (1979-82); Parliamentary Under Secretary of State, Foreign Office (1982-83); Minister of State, Foreign Office (1983-86); Secretary of State for Scotland (1986-90); Secretary of State for Transport (1990-92); Secretary of State for Defense (1992-95), and Secretary of State for Foreign and Commonwealth Affairs (1995-97).

The Rt. Hon. Malcolm Rifkind QC was educated in Scotland at George Watson's College, Edinburgh and at the University of Edinburgh where he received his LLB and Master of Sciences. He is married with a son and daughter, both in their early twenties and lives in Edinburgh.

CONTACT: Ramco Energy plc

Lisa J. Newman, 01306 888809, Mob: 0410 441232,

Out of hours: 01252 655370


Kathy M. McIlhenny, 318/232-5039
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Publication:Business Wire
Date:Jul 25, 1997
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