Bayou Bend Petroleum declares the appointment of the following new board members and senior officers:
John Ashbridge, Vice President Exploration
Mr. Ashbridge is a graduate of the University of Liverpool (UK) where he obtained an Honours degree in Geophysics with Geology, and is a postgraduate of the University of Aberdeen (UK) where he obtained a Masters degree in Petroleum Geology. Mr. Ashbridge has over 20 years experience in oil and gas exploration, development and production having started his career with BP Exploration followed by technical positions with Occidental and Elf Aquitaine (now Total). Since joining the Lundin Group in 2005, he has led efforts to build new business opportunities in the North Sea, Africa and the Middle East, notably resulting in the addition of Africa Oil Corporation to the Group. For the last three years, Mr. Ashbridge has been developing opportunities and establishing contacts for the Lundin Group to invest in Iraqi and other Middle Eastern countries.
Ian Gibbs, Chief Financial Officer
Ian Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a bachelor of commerce degree. Ian Gibbs has held a variety of prominent positions within the Lundin Group of Companies; most recently as CFO of Tanganyika Oil where he played a pivotal role in the recent $2 billion acquisition by Sinopec International Petroleum. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum which was the subject of an $800 million takeover.
J. Cameron Bailey, Director
Mr. Bailey is a Chartered Financial Analyst with a Bachelor of Commerce degree from the University of Calgary. He has worked in the energy investment business, specifically investment banking for the past 19 years. Mr. Bailey was a Managing Director of Network Capital; prior thereto he was a Managing Director of Corporate Finance at Peters & Co. Limited, a Calgary based investment firm specializing in oil and gas. He is the founder of, and has organized, the initial public offerings for a number of oil and gas exploration, production and oilfield services companies. Mr. Bailey has assisted in many growing and start-up oil and gas companies by providing advisory services, primarily for mergers and acquisitions. Mr. Bailey presently is President and CEO of Fortress Energy Inc. and also serves on the Board of Directors for Africa Oil Corporation, Pheonix Technology Income Fund and Crystal Lake Resources.
Alexandre Schneiter, Director
Mr. Schneiter is a graduate of the University of Geneva were he obtained a degree in Geology and a masters degree in Geophysics. Since 1993 Mr. Schneiter has worked within the Lundin Group of Companies and is currently Executive Vice President and Chief Operating Officer of Lundin Petroleum AB. As COO, he leads an experienced team of oil and gas professionals who are responsible for Lundin Petroleum's worldwide exploration and production operations. Over the years, Mr. Schneiter has been instrumental in the discovery of several major oil fields for the Lundin Group, including, among others, in Libya, Sudan and Malaysia. Mr. Schneiter's technical and operational expertise will be of great benefit to Bayou Bend.
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