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NZO
05/02/2014 11:38
OFFICE
REL: 1138 HRS New Zealand Oil and Gas Limited
OFFICE: NZO: Change of Roles
A new General Manager, Exploration has been appointed at New Zealand Oil &
Gas.
Dr William Houston was previously Geoscience Manager and most recently Acting
Exploration Manager. He will join the senior management team.
Dr Houston has spent the past fifteen years in exploration, development and
new ventures. He worked in onshore U.S. conventional and unconventional
exploration and also raising private equity for exploration and development
projects. In 2010 he was an offshore senior geologist with PTTEP in Bangkok,
Thailand. He joined New Zealand Oil & Gas in 2011.
From 2009 to 2011 he served on the executive committee of the American
Association of Petroleum Geologists, an international professional society
with 35,000 members. He is an AAPG Certified Petroleum Geologist with a PhD
in Geology from Michigan Technological University.
"I am very pleased to have Bill's expertise used in this new role. He will
contribute strongly to the company's future success as we continue to build
our portfolio," New Zealand Oil & Gas Chief Executive Andrew Knight said.
"In addition to his leadership of the geoscience team, Bill Houston has
project managed our onshore Sumatra assets and screened new opportunities in
Southeast Asia."
Dr Houston's appointment follows Dr Mac Beggs' move to a new role in the
company identifying long term opportunities to discover oil and gas.
"As Vice-President and General Manager, Exploration since 2009 Mac Beggs has
overseen the revitalisation of the New Zealand Oil & Gas portfolio," Andrew
Knight says.
"The company has diversified overseas and rebuilt its New Zealand portfolio,
culminating in the 2013 Block Offer when we were awarded three new permits in
offshore Taranaki and Canterbury-Great South Basins. His ground-breaking
contribution has helped to shape the company's future.
"Last year he identified an important role identifying long term
opportunities for divestment and acquisition within the commercial team. In
this role he will focus on the long term balance of the company's protfolio.
"Our New Zealand geoscientists are one of our advantages that help to
position us as New Zealand's oil and gas company. Mac's expertise as a
petroleum geologist in his new role will strengthen our business."
John Pagani
External Relations Manager
+64 21 570 872
End CA:00246678 For:NZO Type:OFFICE Time:2014-02-05 11:38:05
