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Simmons Strengthens Corporate Finance Team

28 September 2009

Specialist energy corporate finance advisors Simmons & Company International today announced a number of senior promotions.

Nick Dalgarno & Craig Lyon, formerly Directors with the firm, have been promoted to Managing Directors with immediate effect.

Colin Welsh, CEO, Simmons & Company International Limited commented, “Nick is a talented, popular and key member of our senior team. He has a loyal network of clients and contacts who value his advice”.

Nick has managed and executed numerous transactions including the acquisition of Viking Moorings by HSBC Private Equity, the sale of Horizon Energy Partners to SGS and the investment by Bank of Scotland Integrated Finance in Integrated Subsea Services.

Commenting on Craig's promotion, Colin said, “Craig has been an integral part of our team throughout our 10 years in Aberdeen. Going forward Craig is being entrusted with, amongst other responsibilities, developing our operation in the Middle East, which will be a key plank in our future development. These promotions epitomise their importance to the firm and reflect the contribution they have made in shaping Simmons and our client's fortunes”.

Craig was instrumental in the successful completion of the acquisition by Production Services Network of Grasso Products Limited, the acquisition by Topaz of Doha Marine Services, the equity investment into Acteon by First Reserve Corporation and the sale of Downhole Products to Varel.

Simmons is also pleased to announce the promotion of Ingrid Stewart, who now becomes the firms' first female Director, Corporate Finance. Ingrid joined Simmons in 2006, having qualified as a CA at Deloitte. Commenting on Ingrid's promotion Mike Beveridge, Managing Director said, “We are delighted to recognise Ingrid's capability and contribution to Simmons. She has an excellent reputation in the Corporate Finance market and is highly respected by all of her colleagues”.

Ingrid played a pivotal role in advising on the sale of Insensys Oil & Gas Limited to Schlumberger, the sale of Energy Cranes to Close Brothers and the financing of Enermech by Lime Rock Partners.

In addition to these promotions, Ritchie Clark will join the company in September as a Vice President. Ritchie spent the last 7 years at the Bank of Scotland, latterly as Director - Integrated Finance providing funding to businesses operating within the oil and gas sector.

Colin Welsh continued, “These promotions and appointment demonstrate Simmons' commitment to recruiting and retaining high calibre people who fit in well with our culture”.