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Azimuth Group News

21 Aug 2014

Chariot Agrees Brazil Farm Out with AziLat

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited  through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas Basin, in return for paying 50% of the 3D seismic acquisition and processing costs to be incurred across these blocks. Chariot will remain Operator with a 75% equity interest. AziLat is a subsidiary of the Azimuth Group.

13 Aug 2014

Frank Inouye Appointed MD of AZIPAC

The Board of Directors of AziPac Ltd. have appointed 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.