CGX Energy announces that it has made some additions and changes to its management team in order to better facilitate operations.
In a press release, the company said that Nadia Heffernan has been appointed Vice President, Contracts and Negotiation. Heffernan “brings extensive oil and gas legal experience to CGX” having held legal positions in land and contract negotiations with Hess Corporation, Anadarko Petroleum Corporation and Kerr-McGee Oil and Gas Corporation. Her experience has included contract negotiations in Africa, the Caribbean, Europe, the Middle East and South America. She holds a BA in International Relations from Boston University and she obtained her Juris Doctorate from the University of Oklahoma. Heffernan is also a member of the Texas Bar Association, the Association of International Petroleum Negotiators and the Houston Association of Professional Landmen.
CGX also said Tralisa Maraj, who joined the company in September as Controller and Chief Accounting Officer has assumed the role of Chief Financial Officer; and Charlotte May, who has been with the company since 2003, is increasing her role to include Corporate Secretary. James Fairbairn, who has been an integral member of the CGX team since the company’s inception, will be assuming the position of Director, Corporate Affairs to focus on the company’s active involvement in Guyana.
CGX Energy President and CEO Stephen Hermeston said that he is pleased that Heffernan has joined the company as her extensive skills in contract negotiations will be “extremely helpful in progressing our forward plans.” He also said CGX stands to benefit from the changes made to Fairbairn, Maraj and May’s portfolios as it has a very busy 2012 planned and the addition of these key roles strengthens the team that is in place to execute drilling plans across its acreage.
According to CGX, Heffernan has been granted 300,000 options, Maraj, an additional 200,000 and May and additional 250,000 options.
They are exercisable at $1.05 until January 3, 2017 with 390,000 options vesting immediately and the balance of 560,000 vesting until January 3, 2013.
