Perth-based clean fuel company Eden Energy Ltd has appointed the former director of Woodside's green energy subsidiary Metasource, Richard Beresford and former Woodside Browse Gas Project head Andrew Leibovitch to its board, the company announced today.
Perth-based clean fuel company Eden Energy Ltd has appointed the former director of Woodside's green energy subsidiary Metasource, Richard Beresford and former Woodside Browse Gas Project head Andrew Leibovitch to its board, the company announced today.
The full text of a company announcement is pasted below
The Board of Eden Energy Ltd ("The Company") is delighted to announce the appointment of Richard Beresford and Andrew Leibovitch as additional non-executive directors of the Company.
The extensive and highly relevant experience of both Richard and Andrew, as detailed in the summaries below, will provide a huge benefit to the Company as it pushes to rapidly expand all of its varied projects. These include the Hydrogen/Hythane ® project which is rapidly expanding particularly in India, the Coal Bed Methane project in Wales where drilling will commence this week, the Geothermal Energy Project in Australia and the Natural Gas project in Australia.
A summary of the qualifacations and experience of Richard and Andrew are detailed below;
Richard Beresford
Richard Beresford began his career in engineering and has since gained 25 years experience in the international energy business spanning research, technology commercialisation, strategic planning, operations, business development, capital raising, acquisitions, marketing and general management
- He has substantial experience and success in developing new business in the gas sector in Asia and Australia, in all stages of the gas supply chain.
- Most recently he has been advising the leading Hong Kong power utility on a planned LNG import project, including the potential for LNG to be made available as a replacement for diesel in heavy vehicles.
- He has driven clean energy start-ups including Cool Energy, which is now launching its cryogenic gas separation technology for commercial applications, and several renewable energy businesses.
- From 1996 to 2001 he was with Woodside developing downstream gas business, including investments in technology innovators such as Ceramic Fuel Cells Limited. He became Director of Downstream Business Development in 1999 and Managing Director of Metasource, Woodside's green energy subsidiary in 2001.
- From 1982 to 1992 he worked with British Gas in the UK. In 1990 he joined its Global Gas business with responsibility for Asia. He led negotiations in India leading to the formation of the Mahanagar Gas distribution joint venture with the Gas Authority of India Limited (GAIL). In 1992 he moved to Jakarta to become British Gas' first Country Manager in Indonesia.
- He is currently a non-executive director of Liquefied Natural Gas Limited (ASX:LNG) and Papua Petroleum Limited.
Andrew Leibovitch
Andrew Leibovitch is a Chartered Accountant from the United Kingdom and has more than 20 years experience in corporate finance and the resources industry. Andrew has substantial experience in strategic planning, business development, acquisitions and mergers, gas commercialisation, project development and general management.
- From 1997 to 2006 he was with Woodside performing a number of roles including strategic planning and developing and commercialising major gas projects. Andrew headed Woodside's Browse Gas Project seeking to commercialise over 20 trillion cubic feet of gas as a major LNG development. Andrew also headed Woodside's south eastern Australia gas business developing gas projects in the Otway and Bass Strait basins as well as interests in gas and electricity retailing in Victoria.
- Prior to joining Woodside, Andrew worked for Western Mining Corporation in the Corporate Planning and Acquisitions Group and as Group Finance Manager.
- From 1986 to 1993 Andrew worked as a Chartered Accountant in London before emigrating to Australia and working for Coopers & Lybrand in Perth.
Richard's international experience both in developing strategies and in delivering business results in gas and renewables will boost Eden's ability to realise the best value from its portfolio of clean energy opportunities, and Andrew's experience both in corporate finance and gas commercialisation will add considerable expertise to Eden's progress in commercialising its portfolio of alternate energy projects.
Under the terms of their engagement Richard and Andrew will each be issued 750,000 options to acquire ordinary fully paid shares in the Company. The options will be exercisable at 70 cents each on or before 7 May 2010.
