GKP Appoints new Directors, Broker

By John Lee.

Gulf Keystone Petroleum (GKP) has announced the appointment of David H Thomas and Garrett Soden to its board as Non-Executive Directors with immediate effect.

The company said in a statement:

David H Thomas is a highly experienced oil and gas professional, having held a number of board level, senior executive and international management roles in a career spanning over 35 years. He started his career as a petroleum engineer with Conoco UK, working in the North Sea and Dubai before moving into reservoir engineering and operational asset management positions.

Subsequently, he joined LASMO where he became the Group General Manager Operations and, following the company’s acquisition, held three consecutive Regional Vice President roles with Eni SpA including managing the North Sea, Russia/Asia/Australia and West Africa asset portfolios. David’s subsequent Board directorships have included positions with several London and Canadian listed companies including President and COO of Centurion Energy, CEO of Melrose Resources and COO with Petroceltic International.

Most recently, in mid-2015 he briefly served on a caretaker Board at Afren and was subsequently retained by the company’s administrators to provide business stability and industry advice. David has a BSc in Mining Engineering from Nottingham University and an MSc in Petroleum Engineering from Imperial College.

Garrett Soden has worked with the Lundin Group of Companies since 2007 as a senior executive and board member. He is a director of Panoro Energy ASA, a Norwegian oil and gas E&P company focused on West Africa. He is also a director of Etrion Corporation, a Canadian solar power producer with assets in Italy, Chile and Japan. Garrett is the former Chairman and Chief Executive Officer of RusForest AB, a Swedish forestry company with interests in Russia.

He is the former Chief Financial Officer of both Etrion and PetroFalcon Corporation, a Canadian oil and gas E&P company focused on Venezuela. Garrett previously worked at Lehman Brothers in equity research and at Salomon Brothers in mergers and acquisitions. He also previously served as Senior Policy Advisor to the U.S. Secretary of Energy.  He holds a BSc honors degree from the London School of Economics and an MBA from Columbia Business School.

Appointment of Corporate Broker

The Board of Gulf Keystone is also pleased to announce that it has appointed Canaccord Genuity Limited as the Company’s sole corporate broker with immediate effect.

Commenting on today’s announcement, Keith Lough, Chairman said:

Throughout the restructuring we have focused on balancing the interests of all of GKP’s stakeholders.  Given the challenging set of circumstances that we faced, I am pleased with the outcome of what has been a long and complex process.  With its restructured balance sheet, the Company is now in a far stronger position than it has been for several years and we can look forward to continuing to develop Shaikan and rebuilding value for all stakeholders.”

“I would like to thank Cuth McDowell for his significant contribution since joining the Board in December 2015 and to welcome both David Thomas and Garrett Soden to the GKP Board. They bring a wealth of relevant experience to the Company and we look forward to their contribution at this exciting time. On behalf of the Board I would also like to welcome Canaccord Genuity as the Company’s corporate broker.”

(Source: GKP)

No comments yet.

Leave a Reply