PAN PACIFIC PETROLEUM: The company has appointed Tom Prudence as general manager, exploration and production. This newly-created position reflects the directors' commitment to expand the company's activities.
For the past four years Prudence has worked with RISC, an international consultancy in Perth, WA, where he has held the position of principal adviser/chief geoscientist.
In this capacity he has advised on multiple diverse projects throughout South-East Asia, the Middle East, North Africa, Australia and New Zealand, including valuations of exploration and producing assets, reserves auditing, and strategy and new business development.
His experience prior to that covered a range of international positions with the Shell group over 25 years including working in the United Kingdom, the Netherlands, Nigeria, the United States, Australia and Brunei, where he was exploration and technical services manager.
Prudence will take up his position with Pan Pacific Petroleum in Sydney at the start of
September.
ADVANCE ENERGY: The company wishes to advise the resignation of Gordon Sklenka, and the appointment of David Ballantyne as company secretary, effective immediately. Sklenka continues as a director.
PETRATHERM: The company is pleased to announce that John King has been appointed project manager of Petratherm's flagship Paralana Geothermal Energy joint venture project.
Reporting to the managing director, this senior role will be responsible for the project management and implementation of activities relating to the company's Paralana Project - a JV between Petratherm and Beach Petroleum.
As a former principal consultant with GHD, King has a wealth of engineering and project management experience built over 30 years, primarily in the oil and gas industry.
His appointment is timed to coincide with the ramping up of Paralana Project activities as it enters the next key stage of drilling the 4 km deep Paralana 2 well.
KEY PETROLEUM: The company advises that Terence Nilsen has resigned as a director of the company with immediate effect, to pursue personal interests.
Nilsen has been with the company since its listing on the ASX in April 2007 and has provided valuable input into the company's successful exploration program.
The board of Key Petroleum expresses its gratitude to Nilsen for all the hard work he has undertaken and wishes him well for the future.
Nilsen will remain with the company while a replacement is sourced and will provide ad hoc consultancy services to the company in the future.
CASPIAN OIL & GAS: The directors are pleased to announce that the company's chief operating officer, Graeme Parsons has been appointed as chief executive.
Parsons will lead the strategic development of the company as it continues successful exploration programs in Central Asia and will guide the company in its development as an oil and gas producer.
The board has agreed, subject to receipt of shareholder approval, to grant a total of 4 million options to Parsons; 2 million options would be exercisable at 10 cents each and the other 2 million options would be exercisable at 12 cents each over a 30-month exercise period.
RIALTO ENERGY: The directors are pleased to announce the appointment of Simon Potter as a non executive director of the board, with immediate effect.
Potter joins Rialto after his successful tenure at Hardman Resources where, as managing director and CEO, he led the growth of the company as an oil producer in Mauritania and as an explorer with considerable success in the rift valley of Africa, before its acquisition by Tullow Oil for $1.47 billion.
Prior to Hardman, Potter worked for 20 years with BP where he held a number of senior positions including chairman or CEO of a group of Russian subsidiary companies. Potter had overall responsibility for the Orenburg/Saratov division of the TNK-BP joint venture, a group of 150 fields between the Volga and the Russian border with Kazakhstan, which collectively produce 330,000 barrels per day.
Potter brings invaluable corporate experience to the board of Rialto and will be a vital part in the company's growth in the foreseeable future.
Rialto chairman Ted Jacobson said: "We are very pleased to have Simon join our board. His skills, experience and contacts make a strong fit with Rialto's international growth and expansion ambitions".
