Tungsten West PLC (AIM:TUN, OTC:TNGWF) has appointed the former finance head of Hurricane Energy as its new chief financial officer.
Alistair Stobie, who joins the Devon-focused miner on 13 November, has a history of raising money and financing companies wherever he has worked previously, Tungsten West noted.
Hurricane Energy raised around US$$700 million to fund drilling campaigns and an Early Production System during his tenure.
After leaving Hurricane, he was CFO at Octavia Energy, an international oil and gas business operating in North Africa and the Middle East, while earlier in his career he was finance director at Zoltav Resources, where he sourced and acquired two assets for US$230 million total capital.
Tungsten West is focused currently on restarting production at the Hemerdon tungsten and tin mine near Plymouth.