TORTOLA, British Virgin Islands October 22 2018: Orca Exploration Group Inc. (“Orca” or the “Company”) announced today that its board of directors has appointed Nigel Friend as Chief Executive Officer of Orca effective November 1, 2018.
Mr. Friend has over 20 years’ experience in the international energy sector and has extensive experience of financing and developing integrated gas projects. He was a Board Director and Chief Financial Officer of Orca between 2004 and 2012 and led the financial and commercial activities for the Company in the initial years when the markets for the gas were being established. In the 1990’s he led Enron Europe’s investment in an onshore gas field in the Thrace Basin in Turkey and oversaw the development of its downstream gas markets. More recently, he jointly founded a company that is developing new modular technologies that will facilitate the monetization of natural gas.
He has extensive corporate and project finance experience. At KPMG in London, he headed up a corporate finance department that project managed several significant corporate acquisitions and privatizations. At Pan Ocean Energy Corporation, he coordinated the spinout of the Company’s Tanzania natural gas business unit to shareholders and the listing of East Coast Energy. At Enron, he was responsible for several strategic investments in E&P and energy related companies.
Mr. Friend is a qualified Chartered Accountant and holds a BSc (Hons) in Industrial Economics from Nottingham University.
The board of directors conducted a global search process with the assistance of a recruitment firm and Mr. Friend has all the qualities sought for the CEO of Orca. Mr. Friend’s initial focus will be to review the strategic options for the Company with a view to diversifying its asset base and increasing the liquidity in the trading of Orca’s shares.
Mr. Friend succeeds interim Chief Executive Officer E Alan Knowles. The board unanimously thanks Mr. Knowles for his valuable contributions during his tenure as both a director and interim Chief Executive Officer of Orca.
Orca Exploration Group Inc.
Orca Exploration Group Inc. is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.B and ORC.A. For further information please contact:
Chief Financial Officer
+44 1962 888042
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