SDX Energy Inc., the Egypt focused oil and gas company, is pleased to welcome Michael Raynes, Non-Executive Director, and Mark Reid, Chief Financial Officer, to the Board of Directors.
Paul Moase and Barrie Wright, formerly Non-Executive Directors, will retire from the Board with immediate effect and the Company thanks them both for their extremely valuable service during their directorships.
Michael Raynes is the Managing Partner of MEA Energy Advisory UK LLP, an Energy focussed investment advisory partnership, and a Director of MEA Energy Investment Company Limited. MEA Energy Investment Company Limited is a significant shareholder in SDX Energy Inc. Previously he was the Chief Operating Officer of Waha Capital with responsibility for all investing activity including Sales & Trading, Private Equity, Infrastructure, Real Estate and Energy. He brings with him an intricate understanding of investing in the Middle East and North Africa and has established a strong track record of adding value to businesses and generating strong returns for investors. Prior to Michael’s role at Waha Capital, he was a Senior Investment Banker with Barclays Capital in London.
A Chartered Accountant, Mark Reid spent his early career working with Ernst & Young Corporate Finance and BNP Paribas Fortis, where he spent seven years as an investment banker focused on Oil and Gas in Emerging Markets. Most recently Mark was Finance Director at Chariot Oil & Gas PLC and Aurelian Oil and Gas PLC where he had significant exposure to M&A transactions and the equity and debt capital markets. Mark was appointed Chief Financial Officer of SDX Energy Inc. on November 13, 2015.
Michael Doyle, Non-Executive Chairman of SDX Energy, commented:
‘I would like to thank Paul Moase and Barrie Wright for their significant contribution to SDX. We are extremely pleased to welcome Michael Raynes and Mark Reid to the Board of SDX. Collectively they bring a wealth of experience across finance, the oil and gas sector and the region. They join the Board at an exciting stage in SDX’s corporate development as we carry out important work-streams across our portfolio of exploration, development and production assets in Egypt. I am confident that their expertise will prove extremely valuable as we look to further grow the business.’
(SDX Energy Press Release)