Tap Oil board gets alternate director
- Business & Finance
Australia’s oil and gas E&P company Tap Oil has named Pantapom Panyarporn as alternate director to Frank Sakda Sreesangkom, effective Tuesday, March 14.
According to information provided on the Australian Securities & Investments Commission (ASIC) website, a company director can appoint someone to act as an alternate director for a set period of time and can include some or all of the powers that a director would have. The appointing director may stop the alternate’s appointment at any time.
Tap Oil said on Tuesday that appointment of Pantapom Panyarporn, the alternate director to the board, would be effective immediately.
Sreesangkom joined the Tap Oil board of directors together with James Menzies and Peter Mansell in May 2016. The three board appointments were a part of board renewal plan where the company included representatives of major shareholders, Northern Gulf Petroleum (NGP) and Risco Energy Investments, into the five-person board alongside three independent non-executive directors.
NGP, which provided support to the company with an AUD 7.75 million ($5.55M) rights issue, was represented on the board by Sreesangkom.
The alternative director, Panyarpom, has over ten years of experience in the oil and gas exploration & production business. He started working at Halliburton Energy Service (HES) before moving to PTT Exploration & Production (PTTEP) as a reservoir engineer and subsequently senior reservoir engineer. At PTTEP, he was responsible for the operation of the onshore gas field in North Eastern Thailand and also providing support for merging and acquisition projects.
Pantaporn later joined Pearl Energy, a company acquired by Mubadala Petroleum, as a senior reservoir engineer in the subsurface team operating one of the largest oil fields in offshore Thailand. He is currently the COO at NGP which holds two major discoveries in the Gulf of Thailand.