Triangle Energy (Global) Ltd has overhauled its board of directors, bringing fresh perspectives to the company as it transitions into renewable energy production in the coming years.
Greg Hancock has been appointed non-executive chair, Conrad Todd as managing director, while Mike Collins has become non-executive director and Henko Vos has been named company secretary.
Hancock brings over 25 years of experience in capital markets to the role, specialising in corporate finance.
He has extensive experience in both Australia and the UK. Specialising in mining and natural resources, Hancock's background is in the finance and management of small, listed companies.
Hancock is the non-executive chair of ASX-listed companies Ausquest Ltd, BMG Resources Ltd (ASX:BMG) and LSE-Listed Cobra Resources PLC (LSE:COBR). He is also a non-executive director of Golden State Mining Ltd (ASX:GSM) and Group 6 Metals Ltd.
“The board envisions a smooth transition”
“The newly appointed directors are extremely pleased to be appointed to the board of Triangle and wish to acknowledge the contributions of previous directors and the company’s staff in building and developing the business to its current stage,” Triangle Energy non-executive chair, Hancock said.
“The board envisions a smooth transition and looks forward to generating further value for shareholders from the company’s attractive portfolio of assets.”
Todd holds a Bachelor of Science in geology and has 40 years of oil and gas exploration and development experience.
He has worked as exploration and development manager for Cooper Energy Ltd (ASX:COE) and Lundin in Malaysia.
In Indonesia, he was chief geophysicist and new business manager for LASMO and in Oman, he was chief geophysicist for Occidental.
Collins is a similarly experienced geologist, having worked for over 35 years in various oil and gas exploration and development positions.
He was vice president of exploration and geoscience for Mitsui E&P Australia and both senior geophysicist and senior business analyst for Woodside Energy Ltd in Australia. He was senior explorationist for AGIP (now Eni) in London.
Henko Vos is a member of the Australian Institute of Company Directors, the Governance Institute of Australia and Chartered Accountants Australia & New Zealand.
He holds similar secretarial roles in various other listed public companies in both industrial and resource sectors.
Chair Timothy Monckton and non-executive directors Malcolm King and Deanna Carpenter as well as company secretary, Lucy Rowe, have all tendered their resignations, effective upon the appointment of the new directors.
About Triangle Energy
Triangle Energy (Global) Ltd is an oil producer and explorer that has a majority interest in and is the operator of the producing Cliff Head Oil Field offshore Perth Basin and which includes the Arrowsmith Stabilisation Plant.
The company also has a 50% share of the Mt Horner L7 production licence and a 45% equity interest in the Xanadu-1 joint venture, both in the Perth Basin.
Additionally, Triangle has a substantial equity interest in State Gas Ltd (ASX:GAS), which has a 100% operating interest in the Reids Dome production licence (PL 231) in Queensland.
The company has recently made efforts to establish a joint venture agreement focused on eventually transitioning licence WA-481-P into a modular renewable fuel refinery by leveraging the company’s existing infrastructure in the Perth Basin.
Those efforts have been hampered by regulatory issues and uncertainty around future permitting regulations, but Triangle has not yet ruled out the possibility of pursuing the endeavour.