Sector News

Hurricane Energy announces new CFO

March 17, 2016

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce the appointment of Alistair Stobie as Chief Financial Officer and as a director of the Company with immediate effect.

Mr Stobie brings significant capital markets and oil and gas industry experience to the Company. He was previously Director of Finance at AIM-listed Zoltav Resources and Chief Financial Officer at Oando Exploration & Production. Prior to this, Mr Stobie founded both Volga Gas, where he was Chief Financial Officer and led its AIM-IPO to raise US$135 million, and Pan-Petroleum (now Panoro Energy), which acquired an interest in the multi-billion barrel oil in place Mengo-Kundji-Bindi licence in Congo-Brazzaville. During his career Mr Stobie has been actively involved in numerous corporate transactions, including M&A and the acquisition and disposal of licence interests.

Dr Robert Trice, Chief Executive of Hurricane Energy, commented: “I am delighted that we have attracted such a high calibre CFO with extensive capital markets experience and specific expertise in the commercial and financial aspects of the E&P sector as we progress our strategy to bring the Lancaster field into production.”

Source: Hurricane Energy

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