Windhoek, Namibia – Tuesday, September 4, 2018:
Azinam Limited, the Seacrest Capital-backed African Atlantic Margin oil exploration company, is pleased to announce the appointment of Azinam co-founder Daniel McKeown as Managing Director of the company, effective 5 September, 2018.
Daniel was a senior member of the Seacrest Capital Group investment team from 2012 to 2017. During this time, Daniel had a particular responsibility for Azinam, including the formation of the company and executing against Azinam’s strategy of becoming the leading Atlantic Margin focused independent oil exploration company offshore Southern Africa. Daniel has been tasked by the board of directors with leading the execution of Azinam’s three-year business plan, which includes drilling at least eight exploration wells, continuous high-grading of the prospect inventory and regional business development.
Daniel has over 15 years’ experience in oil & gas, investment banking and principal investing. He began his career as an investment banker in the UK Advisory Team, Investment Banking Division, Goldman Sachs International and the Oil & Gas team at Perella Weinberg Partners. Daniel’s most recent position was Head of Development Capital, Allied Irish Banks p.l.c. At AIB, he led the bank’s principal investment team, providing energy, infrastructure and growth companies with structured equity financing. Daniel was previously a director of Egerton Energy Ventures Limited and an investor observer to the boards of RockRose Energy and Transfermate Limited.
Erik Tiller, Chairman of Azinam Limited, commented:
“We are delighted to appoint Daniel as Managing Director. Azinam has an ambitious business plan and growth strategy. His outstanding credentials in energy investing, capital markets and corporate development and his long-standing involvement in Azinam are complementary to the skills of its existing first rate management team as it enters a new stage in its corporate development. The team, alongside Azinam’s international joint venture partners ExxonMobil, Tullow Oil and others, will focus on realising the world class hydrocarbon potential of the region via a multi-well, multi-year drilling campaign.”
Daniel McKeown commented:
“Azinam is at an inflection point for value creation as it enters a hugely busy operational period. I am delighted to assume the role of Managing Director at this time to help steer Azinam commercially and strategically both through the drilling phase and as we assess a number of future opportunities for the company. The Azinam team has developed a world class exploration portfolio offshore Southern Africa. In Q4 2018, Azinam will commence its first drilling campaign offshore Namibia, directly targeting 6 billion barrels of prospective resources via an 8 well drilling campaign. Historical drilling results and the analysis of the modern 3D broadband seismic acquired during the oil price downturn indicate the potential for material oil discoveries. This potential, combined with an attractive and stable investment environment and world class operations facilities, has highlighted Southern Africa as one of the key growth areas for the international oil and gas industry. This has been corroborated by recent investments by ExxonMobil, Total, Tullow Oil, Anadarko, ONGC and Shell, amongst others, indicating that the exploration targets along the Southern Africa margin are of sufficient size to have a material impact on the reserves replacement ratio of the world’s largest oil companies.”