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Bluebird Energy appoints James Ede-Golightly as non-exec chairman

Last updated: 08:09 02 Mar 2012 GMT, First published: 09:09 02 Mar 2012 GMT

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Oil and gas explorer Bluebird Energy (LON:BBE) has appointed 32 year old James Ede-Golightly as its new non-executive chairman.

Ede-Golightly is currently a non-executive director of ORA Capital Partners, through which he holds an indirect 25.8 percent interest in Bluebird, and chairman of East Balkan Properties.

He also holds non-executive directorships at several other companies including AIM listed stocks Obtala Resources (LON:OBT) and Paragon Diamonds (LON:PRG).

Back in December, David Bramhill resigned as executive chairman of Bluebird after deciding not to put himself up for re-election.

In August last year, Bluebird began a strategic review of its assets following the sale of a net 30 percent interest in the Centurion project in Sumner County by operator Running Foxes. The company subsequently disposed of its stake in Centurion for US$3.1 million.

The review concluded that the ongoing focus in the US should be on those assets where the company has, or intends to have, a controlling interest.

The future operational focus of the company in the US will be on Solitaire in eastern Colorado, where it has a 100 percent interest but where it will seek farm-in partners to assist in the future exploration and development of the project.

Bluebird added that UK and European on-shore projects will play a major part in its future.


 

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