Warrego Energy, the Aberdeen-based gas developer and producer with a potentially lucrative onshore asset in Western Australia, has appointed a full-time chief financial officer.
The company said it had appointed Jim Brunton to the role, with Owain Franks – who has been CFO on a part-time basis – remaining on the board as strategic development director.
Mr Brunton has more than 35 years’ experience in the oil and gas industry.
He previously held senior financial positions at Clyde Petroleum, Hess Corporation and Paladin Resources, and has worked internationally in Myanmar, Yemen and Indonesia.
Most recently, he was both managing director for the UK and CFO at Bridge Energy, which was sold to Spike Exploration in 2013.
Mr Brunton said: “The company presents a perfect opportunity to develop a niche sector of the oil and gas landscape, with developments on the horizon.”
Warrego was established seven years ago to invest in a global portfolio of onshore unconventional assets through the application of innovative drilling and production technologies.
It is working on the appraisal of the West Erregulla field in Australia’s North Perth basin, having secured funding from Dutch firms Dyas and Mazarine Energy earlier this year. First production from the field, which Warrego has said could be worth billions of pounds, is expected in 2016.