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Johannesburg - Oil and gas company SacOil Holdings [JSE:SCL] has appointed Willem de Meyer as vice-president - commercial, and Jordaan Fouche as vice-president - technical and new business, effective from Tuesday.
In a statement, the company said the two senior appointments are part of SacOil's ongoing process to strengthen its core technical and operational team to further develop current projects and advance initiatives to secure new value accretive acreage in proven hydrocarbon basins across Africa.
De Meyer has over 25 years' experience in the upstream exploration and production business in Africa, and will assist current vice-president - operations Bradley Cerff with the technical and operational development of SacOil's projects.
Fouche's understanding of the commercial aspects of the oil and gas business and established relationships, developed over 25 years as an investor in oil and gas companies and assets, would enable him to evaluate new accretive acreage and bolster SacOil's commercial initiatives into Africa.
SacOil CEO Robin Vela said: "We are delighted that Willem and Jordaan have joined SacOil. Both men are well known and regarded in the African O&G industry and have a sound understanding of its commercial aspects.
"They will contribute extensive technical and operational skills and near term deal flow as we seek to develop our current assets and grow our footprint across Africa."
The company also issued a further cautionary, advising shareholders that SacOil was still in the process of considering various proposals and potential transactions, which if successfully concluded, might have a material effect on the price of SacOil ordinary shares.
In a statement, the company said the two senior appointments are part of SacOil's ongoing process to strengthen its core technical and operational team to further develop current projects and advance initiatives to secure new value accretive acreage in proven hydrocarbon basins across Africa.
De Meyer has over 25 years' experience in the upstream exploration and production business in Africa, and will assist current vice-president - operations Bradley Cerff with the technical and operational development of SacOil's projects.
Fouche's understanding of the commercial aspects of the oil and gas business and established relationships, developed over 25 years as an investor in oil and gas companies and assets, would enable him to evaluate new accretive acreage and bolster SacOil's commercial initiatives into Africa.
SacOil CEO Robin Vela said: "We are delighted that Willem and Jordaan have joined SacOil. Both men are well known and regarded in the African O&G industry and have a sound understanding of its commercial aspects.
"They will contribute extensive technical and operational skills and near term deal flow as we seek to develop our current assets and grow our footprint across Africa."
The company also issued a further cautionary, advising shareholders that SacOil was still in the process of considering various proposals and potential transactions, which if successfully concluded, might have a material effect on the price of SacOil ordinary shares.
