Sign up USA
Proactive Investors - Run By Investors For Investors

Northcote Energy finance director steps down amid Dallas relocation

“We have built a strong finance team in Dallas so that reporting and accounting functions are close to operations,” said chief executive Randall Connally.
Northcote Energy finance director steps down amid Dallas relocation
New appointments will seek to increase Northcote's US and oil industry presence, Connally added

Northcote Energy (LON:NCT) has told investors that finance director Daniel Jorgensen has now stepped down, as part of a planned restructuring.

The company said that it is recruiting a qualified, US based financial controller. And it will base its finance team in the US as well.

Jorgensen will continue to work with Northcote to effect an orderly transition whilst the company considers new appointments, it added.

“We have built a strong finance team in Dallas so that reporting and accounting functions are close to operations,” said chief executive Randall Connally.

“We will be announcing additions to our board of directors in due course with an emphasis on increasing both US and oil industry presence.”

Jamie_55a91591db06b.jpg


Register here to be notified of future MYN Company articles
View full MYN profile

Mayan Energy Timeline

Related Articles

onshore drilling operation
May 16 2016
Wressle is expected to start production at rates of around 500 barrels of oil per day later this year, and it would deliver Union Jack Oil important cash-flows.
onshore drilling operation
September 23 2016
DT Ultravert is on test with the oil field services giant Schlmberger and potentially solves the problem of ‘bashing’.
oil workers
February 13 2017
"Regaining momentum in our Trinidad production and business development activities is a key objective for the company in early 2017,” said chief executive Neil Ritson.
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC