VAALCO Energy Announces Appointment of New Chief Financial Officer
April 17 2017 - 4:37PM
VAALCO Energy, Inc. (NYSE:EGY) today announced the appointment of
Phil Patman, Jr. as Chief Financial Officer effective April 17,
2017.
Mr. Patman has over 20 years of experience in
the oil, gas and other areas of the energy industry in key roles
including finance, business development, and legal management.
Prior to joining VAALCO, from 2012 to 2016, Mr. Patman served as
Senior Vice President of Business Development, The Americas, for
Thailand's National Oil Company PTT Exploration and Production
(PTTEP). While at PTTEP, he led the company's E&P
mergers and acquisitions activities in the US, Canada, and to a
lesser extent, Brazil. These activities involved multiple
deal structures and tax regimes, and frequently required
assessments of the impacts to complex financial
statements. Mr. Patman also served as Managing Director,
Mergers & Acquisitions (Asia) for The AES Corporation from 2010
to 2011, where he led a team focused on acquisitions and sales of
single and multiple-asset portfolios of Asian independent power
plants. He also served as Principal, Global
Infrastructure, for Darby Private Equity, a unit of Franklin
Templeton Investments, from 2007 to 2010, with a specific focus on
Asian infrastructure, including energy systems and other
fee-generating infrastructure assets. Before that, Mr.
Patman was Director, Business Development-Asia, for Globeleq Ltd.
from 2004 to 2007 where he made acquisitions and divestitures; he
also served on boards of directors of holding and subsidiary
companies owned in part by Globeleq, and, as part of executing
board decisions, had responsibility for approving financial
statements. He also served as a Professional Consultant,
LNG and Natural Gas, for Marathon Oil from 2002 to 2004, where he
advised on the development of Marathon's Equatorial Guinea LNG
liquefaction facility.
Mr. Patman began his career as a lawyer in
private practice in Houston, from 1993 to 1997. He
earned a J.D. from the University of Houston Law Center and a B.A.
in the Plan II Honors Program from the University of Texas at
Austin.
Cary Bounds, VAALCO’s Chief Executive Officer
commented, “We are very pleased to have Phil Patman join us as our
new Chief Financial Officer and lead our financial team. Phil’s
extensive experience in international energy finance and business
development will be beneficial in helping VAALCO execute our
ongoing strategy. We believe as a team we can add significant
shareholder value through the development of our premier Etame
asset, while leveraging our existing infrastructure and technical
expertise to seek attractively valued development
opportunities.”
About VAALCO
VAALCO Energy, Inc., founded in 1985, is a
Houston, Texas based independent energy company engaged in the
acquisition, development and production of crude oil. VAALCO’s
strategy is to increase reserves and production through the
development and exploitation of international oil and natural gas
properties. The Company’s properties are located primarily in Gabon
and Equatorial Guinea in West Africa. Additional information
on the Company is available at www.vaalco.com.
For further information:
Investor Contact: Phil Patman 713-623-0801
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