London, 13 July 2016, Impact Oil and Gas (“Impact”), the African-focused pure exploration company, is pleased to announce the appointment of Geraldine Murphy to its Board as a Non- Executive Director. She will join the Board on 1st August 2016.
Geraldine is a highly experienced oil and gas advisory and financing professional with over 25 years of extensive deal-making experience across multiple geographies including the successful execution of over 50 M&A transactions.
Most recently Geraldine was Managing Director, Global Head, Oil and Gas Corporate Advisory at Standard Chartered Bank where she led the building out of the company’s Oil and Gas mergers and acquisitions business and advised clients on multiple transactions with a cumulative deal value exceeding US$ 25 billion. Geraldine also served as Head of Corporate Finance Europe for the bank.
Geraldine started her career as a geologist, before moving into energy advisory with Lovegrove & Associates, then joining CIBC World Markets in Calgary and London as an Executive Director between 1996 and 1999. In 1999 she joined Harrison Lovegrove, a leading, oil and gas advisory boutique, as a founding member. The company was sold to Standard Chartered Bank in 2007.
Geraldine holds a BSc. (Hons) degree in Geology and a MSc. in Petroleum Geology from University College Dublin.
Tim Saxton, who joined the Board when Impact was established in 2011, will step down at the end of July 2016. Tim will continue to provide advice to the company on an ad-hoc basis.
Impact Oil and Gas has a growing portfolio of attractive exploration assets in offshore areas of Africa and over the last 18 months has been involved, both directly and indirectly, in two successful farm outs to major oil companies. In February 2016 Impact reached an agreement with Woodside Energy (Senegal) Pty Ltd (“Woodside Energy”) a subsidiary of Woodside, for the farm-out of a 65% participating interest in a Production Sharing Contract and associated joint operating agreement in the AGC Profond block located in the joint development area between Senegal and Guinea-Bissau. In October 2015, Statoil joined Impact and ExxonMobil to explore the Tugela South Block, South Africa by acquiring a 35% interest in the ER 12/3/154 (“Tugela South”) Exploration Right.
Mike Doherty, Executive Chairman of Impact Oil & Gas said:
“We are delighted to welcome someone of Geraldine’s calibre to the Board of Impact. Geraldine’s wide ranging advisory skills, outstanding track record and deep sector knowledge and expertise complement the existing skills of the Board and will be of significant value to Impact as we enter our next stage of growth. Our business model is based on our ability to attract, and arrange joint ventures with, major companies in our industry.”