88 Energy announces Philip Byrne as new chairman

Byrne is a petroleum geologist with over 40 years’ experience in the industry

88 Energy (AIM:88E) announced on Monday that Philip Byrne has been appointed as Non-Executive Chairman and to the board of the oil exploration company.

Byrne will replace Michael Evans, who retired after seven years in the role.

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The new 88 Energy Non-Executive Chairman, Phil Byrne, commented: “I am delighted to be joining the 88 Energy team at this exciting time. The Company’s suite of world-class acreage on the North Slope of Alaska offers huge potential for shareholder value in my eyes. I look forward to assisting the management team in the drive to unlock this value through our appraisal and exploration activities over coming seasons.”

Byrne is a petroleum geologist with over 40 years’ experience in the international oil and gas industry.

The AIM-listed company made two additional appointments in order to boost the management team. Robert Benkovic has been hired as 88 Energy’s new new chief operating officer, while Joanne Kendrick is a new-non-executive director.

Benkovic is a petroleum engineer and subsurface manager with almost 25 years’ experience across the oil and gas industry. Previous industry roles he has held include Group Manager, Reservoir Engineering at Inpex Corp, Kharaib Section Head at Maersk Oil, Reservoir Engineering Expert and Senior Reservoir Engineer at Apache Corp, Senior Petroleum Engineer at Schlumberger and Petroleum Engineer at Origin Energy.

While Kendrick is currently a Non-Executive Director of Buru Energy Limited and Sacgasco Limited and has previously held Board and senior management positions with various international oil and gas companies including more recently as Managing Director and CEO of Blue Star Helium.

The 88 Energy share price is up by 7.19% during the morning session on Monday.

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