- Valiant Petroleum has announced that David Blackwood has informed the Board of his intention to step down as a non-executive director of the Company with effect from 31 March 2012, in order to concentrate on other business interests in an executive capacity.

Valiant has initiated a search process for an additional independent non-executive director and will make further announcements when appropriate.

At 8:51am: [LON:VPP] share price was +7p at 523p

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