Magnolia Petroleum appoints CFO

Magnolia Petroleum

Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration and production company, has appointed Oliver Rigby as the company’s CFO.

Oliver is a chartered accountant with extensive experience as a corporate financier, advising small and mid cap companies on initial public offerings, mergers and acquisitions and secondary fundraisings. Most recently, Oliver specialized in Corporate Finance at Deloitte where he focused on providing regulatory and strategic advice to public companies in respect of transactions and their ongoing regulatory obligations.  Previously Oliver was a director of corporate finance at Daniel Stewart & Company plc from 2006 to 2012 where he worked with a number of AIM companies, including Magnolia.

The company has agreed to grant Oliver 1,754,386 share options, exercisable at 2.85p per share, being the closing mid-market price on 23 January 2013, under a Company share option scheme.  The options vest after 12 months and are thereafter exercisable for a period of four years subject to the terms of the scheme.

The appointment will take effect no later than April 30, 2013.

Related Articles

Glori Energy, Infinity complete merger and private placement

04/15/2014 Glori Energy Inc. and Infinity Cross Border Acquisition Corp. have completed the merger and share exchange agreement first announced on Jan. 8, and a simultaneous private placement led by Infinity ...

Regency closes merger with PVR Partners

03/24/2014

Regency Energy Partners LP and PVR Partners LP have closed Regency’s acquisition of PVR.

Glori completes acquisition of East Texas oil property

03/18/2014

Infinity Cross Border Acquisition Corp. and Glori Energy Inc. have completed Glori’s acquisition of producing oil assets in Wood County, Texas, from Petro-Hunt LLC for $40 million.

Drilling Tools International acquires Reamco

03/17/2014

Houston, TX-based Directional Rentals Inc., a portfolio company of private equity firm Hicks Equity Partners (HEP), has acquired oilfield services company Reamco Inc.

Glori Energy merges with Infinity, acquires East Texas oil property

02/07/2014 Infinity Cross Border Acquisition Corp. and Glori Energy Inc. are merging, and Glori has signed an agreement to acquire producing oil assets in Coke field and other operated production in Wood Coun...

More Oil & Gas Financial Articles

Glori Energy, Infinity complete merger and private placement

Tue, Apr 15, 2014

Glori Energy Inc. and Infinity Cross Border Acquisition Corp. have completed the merger and share exchange agreement first announced on Jan. 8, and a simultaneous private placement led by Infinity Group and Hicks Equity Partners LLC.

Regency closes merger with PVR Partners

Mon, Mar 24, 2014

Regency Energy Partners LP and PVR Partners LP have closed Regency’s acquisition of PVR.

Glori completes acquisition of East Texas oil property

Tue, Mar 18, 2014

Infinity Cross Border Acquisition Corp. and Glori Energy Inc. have completed Glori’s acquisition of producing oil assets in Wood County, Texas, from Petro-Hunt LLC for $40 million.

Drilling Tools International acquires Reamco

Mon, Mar 17, 2014

Houston, TX-based Directional Rentals Inc., a portfolio company of private equity firm Hicks Equity Partners (HEP), has acquired oilfield services company Reamco Inc.

Glori Energy merges with Infinity, acquires East Texas oil property

Fri, Feb 7, 2014

Infinity Cross Border Acquisition Corp. and Glori Energy Inc. are merging, and Glori has signed an agreement to acquire producing oil assets in Coke field and other operated production in Wood County, Texas, from Petro-Hunt LLC for $40 million.

 

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ