Denver-based Magellan Petroleum Corp. (NASDAQ: MPET) has announced its board of directors elected Milam Randolph Pharo to fill a vacancy on the Board resulting from the resignation of William H. Hastings from the board on July 16, 2012. Pharo was elected to hold office for a term expiring at the annual meeting of shareholders at which the term of the class of directors in which Hastings was elected expires, which is at the third succeeding annual meeting of shareholders after the 2011 annual meeting of shareholders.
Pharo, age 60, has more than 30 years of experience in the oil and gas industry, with an emphasis in the Rocky Mountain region. He has served in private legal practice focusing on oil and gas matters, and as general counsel to public oil and gas companies. He most recently served as the company's vice president - general counsel and secretary from November 30, 2011 to September 5, 2012. From 1996 to 2010, he held various positions with SM Energy Company, including vice president - land and legal and senior vice president and general counsel. Pharo received his B.A. degree from the University of Texas at Austin and his JD degree from Southern Methodist University.
J. Robinson West, chairman of the board, said, "We are delighted to have Randy Pharo join our Board. Randy brings to the board his extensive experience in the oil and gas industry and public company corporate governance. He will contribute substantially to the board's deliberations and strategic planning. With the addition of Randy to our board, we have a strong board with complementary experience and skills."
Recommended Reading
Air Liquide Eyes More Investments as Backlog Grows to $4.8B
2024-02-22 - Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.