88 Energy Limited Strengthening Board and Management (1276H)
02 Agosto 2021 - 8:00AM
UK Regulatory
TIDM88E
RNS Number : 1276H
88 Energy Limited
02 August 2021
This announcement contains inside information
88 Energy Limited
STRENGTHENING BOARD AND MANAGEMENT
Highlights
-- Appointment of Philip Byrne as Non-Executive Chairman and
Joanne Kendrick as a Non-Executive Director.
-- Appointment of Robert Benkovic to the role of Chief Operating Officer.
-- Retirement of Michael Evans from the Board.
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) ( 88 Energy or
the Company ) is pleased to advise of the following changes to its
Board and management personnel.
Mr Philip Byrne has been appointed as Non-Executive Chairman and
to the Board of 88 Energy. Phil is a petroleum geologist by
training with over 40 years' experience in the international oil
and gas industry across technical, exploration, commercial and
executive leadership roles. Previous positions he has held include
Executive Vice President Marketing & Trading and Commercial,
for Santos Energy, Managing Director and CEO of Nido Petroleum,
President of the North-West Shelf Australia LNG organisation (the
JV marketing arm of the NW Shelf LNG Project) and various roles
with BHP Petroleum including General Manager (Pakistan), President
Gas Marketing (Asia/Australia) and General Manager (Australia).
Ms Joanne Kendrick has been appointed as a Non-Executive
Director and to the Board of 88 Energy. Joanne is a petroleum
engineer with over 25 years' experience in the global oil and gas
sector. She is currently a Non-Executive Director of Buru Energy
Limited and Sacgasco Limited and has previously held Board and
senior management positions with various international oil and gas
companies including more recently as Managing Director and CEO of
Blue Star Helium.
Mr Robert Benkovic is joining 88 Energy in the role of Chief
Operating Officer (COO). Rob is a petroleum engineer and subsurface
manager with almost 25 years' experience across the oil and gas
industry. Previous industry roles he has held include Group
Manager, Reservoir Engineering at Inpex Corp, Kharaib Section Head
at Maersk Oil, Reservoir Engineering Expert and Senior Reservoir
Engineer at Apache Corp, Senior Petroleum Engineer at Schlumberger
and Petroleum Engineer at Origin Energy.
Mr Michael Evans has retired from the 88 Energy Board with
immediate effect following more than seven years of service as
Non-Executive Chairman. The Company would like to express its deep
gratitude to Michael for the substantial commitment and
contribution that he has provided to the business over this time.
88 Energy and its people wish Michael all the very best with his
future endeavours.
New 88 Energy Non-Executive Chairman, Phil Byrne, commented:
"I am delighted to be joining the 88 Energy team at this
exciting time. The Company's suite of world-class acreage on the
North Slope of Alaska offers huge potential for shareholder value
in my eyes. I look forward to assisting the management team in the
drive to unlock this value through our appraisal and exploration
activities over coming seasons.
"I would also like to thank Michael for his substantial
contribution to the 88 Energy business, culture and people over the
past seven years and would also like to welcome my fellow new
Non-Executive Director, Joanne Kendrick, and our new COO, Rob
Benkovic, to the 88 Energy team. I look forward to working with
Ashley Gilbert, Managing Director, and collectively we will
continue to strive to grow and realise maximum value from our asset
base for our shareholders."
Former 88 Energy Non-Executive Chairman, Michael Evans, also
commented:
"After some seven years as Chairman and in recognition of the
importance of Board renewal and succession planning, it is time I
stepped down. I do so in the belief that today 88E is one of the
most accomplished operators in Alaska and on the cusp of
significant success. I welcome both Phil and Joanne to the Board
and believe their credentials and experience will be invaluable in
taking 88E to the next level. I have enjoyed my time at 88E and
wish the entire team the success they deserve."
The following information is disclosed pursuant to Schedule Two,
paragraph (g) of the AIM Rules for Companies:
Ms Joanne Louise Kendrick (nee Williams), 47 years of age, holds
or has held the following directorships and/or partnerships in the
previous five years:
Current Directorships Former Directorships (in the previous
5 years)
Sacgasco Limited Blue Star Helium Limited
--------------------------------------
Buru Energy Limited BNL (USA Helium) Pty Ltd
--------------------------------------
Joanne L Williams * Santa Energy Pty Ltd
--------------------------------------
*personal consultancy.
Mr Philip Ambrose Byrne, 64 years of age, holds or has held the
following directorships and/or partnerships in the previous five
years:
Current Directorships Former Directorships (in the previous
5 years)
Byrne Corporate Pty Ltd -
--------------------------------------
Cosgrave Byrne Pty Ltd -
--------------------------------------
PB 55 Pty Ltd -
--------------------------------------
There is no further information required to be disclosed
pursuant to Schedule Two paragraph (g)of the AIM Rules in respect
of Mr Byrne or Ms Kendrick.
Media and Investor Relations:
88 Energy Ltd
Ashley Gilbert, Managing Director
Tel: +61 8 9485 0990
Email:investor-relations@88energy.com
Finlay Thomson , Investor Relations Tel: +44 7976 248471
Fivemark Partners , Investor and Tel: +61 410 276 744
Media Relations Tel: +61 422 602 720
Andrew Edge / Michael Vaughan
EurozHartleys Ltd Tel: + 61 8 9268 2829
Dale Bryan
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald / Derrick Lee
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END
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