Appointment of Chief Financial Officer
Sydney, July 27, 2022 AEST (ABN Newswire) - Empire Energy Group Ltd (
ASX:EEG) (EEGUF:OTCMKTS) is pleased to announce the appointment of Robin Polson as Chief Financial Officer.
Robin has been deeply involved in the development of the Australian east coast gas industry for over 20 years. He has extensive knowledge of the gas industry in general and in particular the Northern Territory gas market. Robin has strong relationships and experience working with key gas industry financiers, analysts, producers, transport providers, customers and relevant regulatory bodies. He also has substantial experience in building and inspiring high performing teams within effective business and risk frameworks.
His prior roles included 15 years as a financial advisory partner at Deloitte focusing on the Australian east coast gas sector, 3 years as Chief Commercial Officer of Central Petroleum Limited (which has production, appraisal and exploration interests in the Northern Territory and on the east coast) and most recently as Associate Partner of Enable Advisory Pty Ltd advising Empire and other gas sector clients over the last year.
Robin's wider experience also includes three years as a director of an investment bank, and almost 30 years with the big four accounting firms (Deloitte and PricewaterhouseCoopers) on three continents, covering audit, corporate finance, M&A and valuation & strategy. Robin has a Bachelor of Commerce degree and a Graduate Diploma in Applied Finance and Investment. He is a member of the Australian Institute of Company Directors.
Following the recent successful completion of the capital raising and share purchase plan, he will play a key role as Empire moves forward with the appraisal and de-risking of Empire's substantial Beetaloo Basin resource base.
Robin will be integral to building the organisation on the pathway to becoming the first Beetaloo Basin player to commence commercial production.
Comments from Managing Director Alex Underwood:
"I am delighted to welcome Robin to the Empire team. His appointment comes at a crucial time as we build the business through appraisal and into production. He has consulted to the Company on various initiatives over the last year and has proven the benefits his deep experience and network in the gas industry bring to Empire."
About Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a Sydney based Australian oil and gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory Beetaloo Sub-basin and central trough of the McArthur Basin.
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.
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