JOHANNESBURG (miningweekly.com) – TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday.
Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate finance and capital markets in Australia and, in particular, the listed oil and gas sector would complement the existing skill base and broaden its exposure to Australian capital markets.
“We are very much looking forward to working with him," he said, adding that Strata-X greatly appreciated the service of Schurman, who had been a director of the company since its inception.
The Denver, Colorado-based company advised that Hancock had extensive experience in corporate finance, capital markets and stockbroking in both Australia and the UK.
In this time he had specialised in mining and natural resources and had a background in the finance and management of small companies. Hancock was also a founding shareholder and the first chairperson of Cooper Energy, an exploration and production oil and gas company listed in Australia, where he served as nonexecutive director until 2011.
He was currently nonexecutive chairperson of AusQuest, an Australian mining exploration company with projects in Peru, Burkina Faso and Western Australia.
Hancock was also currently nonexecutive director of Zeta Petroleum, an independent oil and gas exploration and development company with a regional focus in Eastern Europe.
Strata-X was engaged in the business of oil and gas exploration and development, with several exploration opportunities in North Dakota, Illinois, California, Texas and Western Australia, and production and development opportunities in California.