Sydney, Oct 6, 2009 (ABN Newswire) - Drillsearch Energy Ltd (ASX:DLS)(PINK:DRLLF) Chairman Jim McKerlie announced the appointment today of two non-executive directors, Ross Wecker and Fiona Robertson, to the Drillsearch Board. These appointments are the result of a board renewal process committed to earlier in the year. The process involved an analysis of the skills required by the board followed by a wide-ranging candidate search.
The appointments support the Company's strategic objective of being a major player in the Cooper Basin where we have substantial opportunities and puts in place a strong, experienced and independent board that will drive and oversee the Company's growth objectives.
Ross Wecker was until recently the Managing Director of Innamincka Petroleum Limited and has more than 35 years' experience in the oil and gas industry. He is a highly experienced geologist with extensive exploration knowledge of the Cooper and Eromanga Basins. Prior roles include the direction of an exploration team in the Cooper Basin for Delhi Petroleum Pty Ltd and Esso Australia Limited and providing specialist technical advice to several Australian and American companies regarding the acquisition and management of exploration acreage in the Cooper and Eromanga Basins.
Mr McKerlie said "Ross Wecker brings a depth of knowledge and experience in the Cooper Basin that will be invaluable as the Company commercialises its assets in that region".
Fiona Robertson currently works as the Chief Financial Officer of Petsec Energy Limited and has a background of more than 30 years in corporate finance and the resources sector. She has extensive experience in financial reporting, international corporate finance, corporate governance and in working with emerging resource companies. Her career includes roles with Delta Gold and The Chase Manhattan Bank in New York, London and Sydney.
"Fiona Robertson brings a rigour and a depth of financial experience that will be fully utilised in her role as Chair of the audit and risk committee" said Mr McKerlie.
The full board now comprises Jim McKerlie (Chair), Brad Lingo (MD), Ben Kai Choo, Ross Wecker and Fiona Robertson.
Drillsearch Energy Limited (ASX:DLS) explores and develops conventional oil and gas projects. Drillsearch has a strategic spread of petroleum exploration and production acreage in Australia's most prolific onshore oil and gas province, the Cooper/ Eromanga Basins in South Australia and Queensland. The company's focus is on 'brownfields' exploration where geological risk is reduced and there is access to existing infrastructure, ensuring that any discoveries can be brought into production. The company also has offshore exploration interests in the Gippsland Basin and in PNG as well as oil & gas production interests in Canada.
Contact
Jim McKerlie Chairman Tel: +61-2-9241-4440 www.drillsearch.com.au
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