LONDON, United Kingdom – Monday, June 8th, 2015:
Azinor Catalyst (“Catalyst”), the Seacrest Group-backed E&P company focused on the United Kingdom Continental Shelf (“UKCS”), is pleased to announce that John McGoldrick has joined its Advisory Board to assist the Company in its exploration and expansion plans in the North Sea.
John brings over 30 years of upstream experience in a variety of senior management roles, notably at Enterprise Oil where he was responsible for its US operations up until Shell’s takeover in 2002. Since then John has served as Executive Chairman of Caza Oil & Gas Inc. (formerly Falcon Bay Energy LLC), a US onshore exploration and production company, which he took public in Toronto and London in 2007, becoming non-executive Chairman in 2010. From 2008 to 2013, John was a non-executive Director of Vanguard Natural Resources LLC, a NYSE-listed Oil & Gas company focused on the US. In January 2012 John joined Dart Energy International as CEO, subsequently becoming CEO of Dart Energy in March 2013. John held this post until Dart Energy’s takeover by IGas at the end of 2014.
Nick Terrell, Managing Director of Azinor Catalyst, commented:
“I am extremely pleased to welcome such an experienced industry figure to the Company’s Advisory Board. John’s extensive network and sector knowledge will assist us in our aim of delivering a leading exploration focused private equity backed North Sea company.”
John McGoldrick commented:
“I am delighted to assist Catalyst with its exciting exploration and expansion plans in the North Sea. This marks a return to a region in which I worked for a number of years for Enterprise Oil. I am as excited about the opportunities that exist in the North Sea today, as I was a young engineer starting out in the industry several decades ago. I look forward to helping Catalyst leverage the exciting investment landscape that exists for companies with the financial means to execute their strategies in a period of depressed asset prices and service costs.”
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Notes to Editors:
Azinor Catalyst is a Seacrest Capital Group-backed E&P company, focused on the United Kingdom Continental Shelf. The company is a qualified UK offshore operator and is focused on generating significant value for its stakeholders through advanced seismic technology and other geotechnical derisking technologies ahead of drilling oil & gas exploration opportunities.
Seacrest Capital Group is a leading energy investor specialising in offshore exploration, leveraging its proprietary assets and relationships to build a diversified, global portfolio of regionally focussed oil and gas exploration companies. Since 2011, Seacrest Capital Group has invested in a number of successful new exploration companies in the United Kingdom, Norway, West Africa, Ireland, South East Asia and South America.