London, United Kingdom – 17 July 2025 – –This statement has been released in response to the African Intelligence article and other media coverage.
In light of recent media references to the 2017 offshore exploration agreements in Senegal, specifically the Saint-Louis Offshore Profond and Cayar Offshore Profond blocks, I would like to clarify that I was not involved in the negotiation or execution of those transactions and did not derive any financial benefit from them.
While I have previously held executive positions in ventures that were associated with my uncle, Mr. Frank Timis, my professional path has been defined by individual merit, commercial discipline, and a long-standing focus on operational value creation.
I gained recognition as Director of M&A at African Petroleum Corporation, where I led a US$750 million capital raise, coordinated investor roadshows, and contributed to the successful dual listing on the NSX and Oslo Børs. That achievement helped facilitate the company’s later acquisition by Petronor E&P and significantly expanded its offshore footprint in West Africa. Since 2019, my work has been focused on mandates across the energy transition, critical minerals, oil and gas, and private equity, with an emphasis on transaction strategy, commercial structuring, ESG integration, and regulatory alignment. This has included supporting complex cross-border deals and bridging early-stage capital deployment with long-term portfolio optimisation.
I remain committed to advancing sustainable development through responsible project execution, underpinned by the highest professional standards. My work continues to be guided by transparency, robust governance, and a long-term operational approach to value creation across global markets.”
About Ian Timis
Ian Timis (born April 1981 in Băile-Borșa, Romania) is an Australian-Romanian business executive with over 20 years of experience in the mining, energy, and infrastructure sectors. His career spans Africa, Europe, and North America, with involvement in projects collectively valued at over US$3.7 billion.
Ian Timis has held senior leadership roles across both operational and strategic functions, managing the full lifecycle of resource assets, from exploration and permitting to construction, financing, public listing, and exit. He served as Vice President at European Goldfields during its US$2.4 billion acquisition by Eldorado Gold in 2012, where he played a key role in integration and capital strategy for the merged entity. His expertise includes joint venture structuring, cross-border transactions, ESG alignment, and portfolio development within both institutional and private equity-backed investments.
He holds a BA (Hons) in Business Management from the University of Westminster, London. He has also completed advanced training in Financial Modelling at London Business School, Petroleum Economics and International Contracts with PetroSkills, and he holds an FCA-recognised Level 3 Certification in Securities from the Chartered Institute for Securities & Investment (CISI).
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