|By PR Newswire||
|August 13, 2014 02:01 AM EDT||
SINGAPORE and HAMILTON, Bermuda, August 13, 2014 /PRNewswire/ --
The Board of Directors of AziPac Ltd. is pleased to announce the appointment of Mr Frank Inouye as Managing Director, with immediate effect.
Frank brings over 34 years of industry experience to AziPac and the wider Azimuth and Seacrest Group. He has worked extensively in Australia, Asia, North Africa, Canada and South America and has a proven track record of building and managing asset portfolios in both public and private E&P companies. During his career Frank has held many senior management positions including; Executive Chairman, CEO/COO of Coastal Energy (a company he founded in 2004 and led until 2008, which was ultimately sold to Cepsa for $2.2 billion in 2013); CEO of Samudra Energy, a private Indonesian E&P company; Head of Corporate Development for Premier Oil; GM of Premier's SE Asian operations.
AziPac is a newly established exploration and production company focussed on exploring for oil and gas in the maritime basins offshore the Asia Pacific region and the Bay of Bengal. AziPac is backed by Seacrest Capital Group, the global energy investor. AziPac is headquartered in Singapore.
Frank Inouye commented:
"I am delighted to be working with the Azimuth Group and look forward to developing AziPac using the same strategy that has enabled the Company to create a global offshore exploration portfolio in Nambia, Ireland and the North Sea. Azimuth's unique strategy of utilizing existing state-of-the-art seismic data to drive portfolio development has proven to be very successful in other areas of the world and with their extensive SE Asian seismic database and access to capital, AziPac is in an excellent position to capitalize on a diverse range of opportunities."
Note to Editors:
AziPac is a Seacrest Capital Group backed E&P company, focused on South East Asia and Bay of Bengal.
Seacrest Capital Group is a leading energy investor specialising in offshore exploration, leveraging its proprietary assets and relationships to build a diversified, global portfolio of regionally focussed oil and gas exploration companies. Since 2011, Seacrest Capital Group has created and invested in a number of successful companies in the United Kingdom and Norwegian North Sea, West Africa, Ireland and South East Asia. As a result of Seacrest's support, AziPac is in a strong position to take advantage of and build on further opportunities as they arise in the offshore Asia Pacific and Bay of Bengal regions.
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