New Zealand Energy (CVE:NZ) announced Wednesday a number of appointments to its management team, as the oil and natural gas company increases its exploration and production activities in New Zealand.
The expansion of its team includes the appointment of Bruce McIntyre
to the position of executive director, Chris Bush to the role of New
Zealand country manager, Mike Oakes to the role of general manager of
midstream operations, and the appointment of Cliff Butchko to the
position of general manager of upstream operations.
McIntyre has been president of New Zealand Energy since January 2011,
and has been key to the company’s growth. As executive director, he
will have the job of overseeing exploration and development
opportunities and will continue to represent the company within the
Bush will start his role as New Zealand country manager in October of
this year. He has more than 30 years of oil and gas experience in both
upstream and downstream sectors in New Zealand, Australia, Canada and
the United States, and his position will involve overseeing all aspects
of the company’s in-country activities, such as government and community
Prior to joining New Zealand Energy, Bush was New Zealand country
manager/director at Origin Energy, where he helped establish its oil and
Oakes will start the role of general manager of midstream operations
in early August, where he will be in charge of the producing wells and
operation of the Waihapa Production Station. He also worked at Origin
Energy, as asset manager and operational advisor where he oversaw the
development and operation of the company’s oil and gas assets and
Butchko, meanwhile, has been appointed general manager of upstream
operations, after joining New Zealand Energy in March 2011. He has over
30 years practice as a professional engineer with oil and gas experience
in both technical and business roles.
He will manage all site activities in his new position, including
procurement of well hardware and drill rigs, construction and operation
of pipelines, and drilling, completions and production activities.
"NZEC's ability to attract the industry's top professionals is
testament to the prospectivity of our asset base and the strength of our
team," said the company’s CEO, John Proust.
"With a significant exploration program set to begin in early August,
NZEC is building the foundation to support continued growth in all
areas of its business."
New Zealand Energy is focused on the production, development and exploration of petroleum and natural gas assets in New Zealand.
The company’s property portfolio collectively covers two million
acres of conventional and unconventional prospects in the Taranaki Basin
and East Coast Basin of New Zealand's North Island.
At the beginning of July, the company announced that continuous
production has begun at its Copper Moki-3 well on its 100 per cent-owned
Eltham permit in the Taranaki Basin.
The company also said that its Copper Moki gas pipeline is complete
and tied in to the Waihapa Production Station, with the operator
finalizing arrangements to receive the gas.
Cash flow is expected to be generated from natural gas production this month.
The Waihapa Production Station will give the company strategic
control over gathering, processing and sales infrastructure in the
Taranaki Basin. The company expects to be able to quickly bring on its
own near-term production additions, and also sees business opportunities
for processing oil and gas from third-party producers in the region.
Company shares edged up 0.60 per cent to $1.69 Wednesday afternoon.