Appointment of Geraldine Murphy as a Non-Executive Director
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.”
Impact Oil and Gas +44 1483 750 588
Mike Doherty (Executive Chairman)
Robert Wilde (Finance Director)
Phil Birch (Exploration Director)
Camarco +44 20 3757 4980
Billy Clegg / Georgia Mann
About Impact Oil & Gas
Impact Oil and Gas was founded in 2009 by experienced geoscientists who targeted a number of areas offshore South Africa which had very large hydrocarbon potential. Following licence awards and a successful 2D seismic acquisition campaign, a series of play concepts were identified and the company entered into a partnership with ExxonMobil in 2012 and with Statoil in 2015. The three companies are currently working on a substantial exploration programme offshore South Africa.
With a clear strategic focus as an Africa only, pure exploration company, management is committed to building an attractive group of exploration assets and securing large independent and major oil companies as partners. The company’s objective is to build a world class portfolio, in a number of different geological and political locations on the African continental margins. Management believes that by doing so, and by having oil industry partners validate its exploration concepts and ideas, it can deliver substantial shareholder value in the medium to longer term. The company’s current portfolio covers over 112,000km2 gross, across South Africa, Namibia, Gabon and AGC (Senegal/Guinea-Bissau).