Oil and natural gas exploration and production company Portrush Petroleum has appointed Phil Pearce to the company's advisory board.

Mr Pearce has been an independent business consultant with Phil E Pearce & Associates since 1990. Prior to 1988, Mr Pearce was senior vice president and a director of E F Hutton, chairman of the board of governors of the National Association of Securities Dealers.

Mr Pearce was closely involved in the formation of the NASDAQ stock market, a governor of the New York Stock Exchange and a member of the advisory council to US Securities and Exchange Commission on the institutional study of the stock markets.

Mr Pearce is a graduate of the University of South Carolina and graduated from the Wharton School of Investment Banking SIA at the University of Pennsylvania.