Azinam names new non-executive director

Azinam Limited, the Seacrest Capital-backed oil exploration company, has appointed a non-executive director with immediate effect.

Azinam said on Thursday that it named Philip Loader as a non-executive director. Loader was also appointed as a strategic adviser to the Seacrest Capital Group.

Loader is a qualified geologist with over 30 years of experience working in the oil and gas industry. His previous roles include EVP of global exploration at Woodside Petroleum and non-executive chairman of Chariot Oil & Gas.

Before joining Woodside, Loader held senior executive roles at Mubadala, Anadarko, Triton Energy, Sasol, and Neste Oil. He has a BSc in Geology from the University of Manchester, an MSc in Petroleum Geology from Imperial College London, and an MBA from Henley Business School.

According to the company, Philip brings extensive corporate and technical expertise to Azinam, complementing the company’s existing leadership team.

Erik Tiller, chairman of Azinam, said: “Philip brings extensive operational and technical experience to the board, acquired at the most senior levels in a variety of successful oil and gas companies. In addition, Philip has valuable director experience in listed energy companies, both exploration focused and larger, integrated companies. We look forward to working closely with Philip both within his role in Azinam and as part of the wider Seacrest Capital Group.”

Regarding his appointment Loader added: “I am extremely pleased to be joining the board of Azinam during such an exciting and transformational time, and I look forward to contributing to the establishment of Azinam as an industry leader in the South Atlantic margin of Africa. I am similarly delighted to have the opportunity to contribute to the ongoing success of the Seacrest Capital Group.”

In related company news, Azinam recently acquired a 40% operating interest in Block 3B/4B and a 51% operating interest in Nearshore Block 3B/4B in the Orange Basin, offshore South Africa.

The licenses were previously held by Ricocure under technical co-operation permits. The exploration right applications have already been submitted for both Block 3B/4B and Nearshore Block 3B/4B. The partners anticipate this application to be completed and approved by the beginning of 2019.