Sundance to appoint Reg Nelson as a Director
US-focused oil and gas developer, Sundance Energy Australia Limited (ASX: SEA) is very pleased to announce that Australian oil and gas industry leader Reg Nelson has agreed to join the Board as a non-executive director. The effective date will be announced separately.
Mr. Nelson is Managing Director of Beach Petroleum (ASX: BPT), with which Sundance recently signed an MOU to jointly identify, evaluate and potentially acquire new unconventional oil and gas assets in Australasia and, possibly, in other parts of the world.
He has a career spanning nearly four decades as an exploration geophysicist in the minerals and petroleum industries. He is a member and previous Chairman of the peak industry organisation, the Australian Petroleum Production and Exploration Association (APPEA).
Speaking at the Company’s AGM in
“Reg’s knowledge of oil and gas plays in Australia will allow us to further leverage our expanding US asset base, as well as identifying and exploring local opportunities here through the recent agreement with Beach,” Mr. Hannell said.
“This appointment adds significant depth to the Sundance Board and leadership team, and, following the signing of the MOU, further strengthens our relationship with Beach in a manner that will benefit shareholders of both companies,” he said.
Mr. Nelson said he was pleased to join the Sundance Board.
“Sundance has a proven track record of identifying shale opportunities in the