MX Oil makes management and board changes

MX Oil, an AIM-quoted oil and gas investing company, has made a number of changes to its board and management team. This follows the recent award of four onshore Land Contract Areas (LCAs) in Mexico and also the expected near-term commencement of oil production at the Aje field, offshore Nigeria.  

Nigel McKim, a non-executive director of the company, has been appointed as COO. He has 28 years of experience in field development planning and production in the oil and gas industry. McKim has previously been COO for Nobel Upstream, where he was responsible for the company's technical capabilities and participated in the building of a portfolio of assets in Texas, the UK, and Azerbaijan. Prior to this, he held senior positions with BHP Billiton Petroleum Ltd. and Hess Services (UK) Ltd.

Wilhelmus Burgers has joined the company’s executive committee as technical director. He has more than 30 years of exploration and development geoscience experience. Burgers has spent the majority of his career as a geoscientist with ExxonMobil and has geological, geophysical, and operational experience having worked in Colombia, Brazil, Gulf of Mexico (USA), and Mexico (on and offshore), Sub-Saharan Africa, Caspian, North Sea, and Central Europe. He holds a Master in Geology degree from Leiden University, the Netherlands, and has published a number of papers throughout his career. Burgers will formally be appointed to the board, subject to completion of due diligence and contract.

Nicholas Lee, who has been a non-executive director of MX Oil, has been elected non-executive chairman of the company, effective immediately. He has a background in both the natural resources sector and corporate finance. Andrew Frangos is stepping down from the board as non-executive chairman and director.  



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