Well known PNG Figure back in action

Interesting read as partner KINA Petroleum appoints PNG GURU Phil Mulacek (ex interoil CEO) as Chief Operations Officer

This is a large positive for all involved

Exciting times ahead

Read article below


ASX ANNOUNCEMENT (ASX: KPE) 9 May 2019Phil E. Mulacek – Appointment as Chief OperationsOfficer – Upstream and LNGKina Petroleum Corporation (“Kina” or the “Company”) is pleased to announce theappointment of Mr. Phil E. Mulacek as our Chief Operations Officer – Upstream andLNG, with immediate effect.Mr. Mulacek is the company’s principal shareholder through his investmentcompany, PIE Holdings, LP. As a new member of the management team, Mr.Mulacek will take an active role in the Company as we seek to develop our existingoil and gas discoveries and expand our exploration activities in Papua New Guinea.Mr. Mulacek’s reputation, experience and achievements in oil and gas explorationand development in Papua New Guinea are well known in the industry. He foundedInterOil Corporation and served as chairman, CEO and a director until his retirementfrom the company in November 2013. During his tenure, InterOil’s marketcapitalisation grew from approximately US$10 million to over US$4.5 billion.Mr. Mulacek led InterOil’s discovery of the world-class Elk and Antelope gas fields inin Papua New Guinea, which are among the largest onshore discoveries in Asia inrecent years, as well as the nearby Triceratops gas field. InterOil also constructedthe first petroleum refinery in Papua New Guinea, a 36,000 bpd facility at NapaNapa, with a fully integrated downstream business that contributed to support of thecompany.Since retiring from InterOil, Mr. Mulacek has remained actively involved in theupstream oil and gas industry in Papua New Guinea, the US and elsewhere globallythrough his affiliated companies with offices in Singapore and branch offices in theUnited States. He resides in Singapore.Mr. Mulacek has over 35 years of experience in oil and gas exploration andproduction and holds a Bachelor of Science Degree in Petroleum Engineering fromTexas Tech University.Kina Petroleum Corporation (KPE)phone 02 8247 2500 fax 02 8247 2599 postal address PO Box R1834 Royal Exchange NSW 1225office address Suite 209, 111 Harrington St Sydney NSW 2000 website www.kinapetroleum.comKina Petroleum Corporation (KPE)PNG Company Number: 3-120494ARBN 629 063 547Address Suite 209111 Harrington St.Sydney NSW 2000Phone 02 8247 2500Web www.kinapetroleum.comKina’s Managing Director, Richard Schroder, commented:“The appointment of Phil Mulacek to our management team is a very positivedevelopment for the company and represents the next step in our strategy todevelop our existing oil and gas discoveries and further explore our extensive verypromising licence areas.Phil brings a wealth of experience and skills that will further enhance ourmanagement team. He will be supported by a highly skilled support staff withintimate knowledge of our PNG assets obtained from our extensive analysis of theprospects and related development options over the last few years.”