MR Emmet Brown has taken over as managing director of Tuskar Resources following the effective acquisition of the company by Allied Energy. He said the company is now in a "very active mode".

Allied, part of the Camac/Allied group now has 617.8 million Tuskar shares which give it a 65 per cent stake. It also has warrants to subscribe for 50 million ordinary shares at an exercise price of 3p per share, up to 2000.

This transfer of shares followed the purchase by Tuskar of a 40 per cent stake in an offshore Nigerian oil mining lease from Allied Energy. The deal was approved by Tuskar shareholders last week.

Tuskar has said that the lease offshore Nigeria, known as the "OML 110" contains the Obe Field and a number of other identified potential oil bearing structures. Mr Brown, a former managing director of Atlantic Resources has been a non-executive of Tuskar since 1992. Mr Duncan McGregor, chairman, had acted as chief executive and will retire in six months time. Mr Howard Wolf, who has a beneficial interest in Allied, has been appointed to the Tuskar board and will assume the chairmanship when Mr McGregor retires.