Cooper Energy’s Chief Financial Officer and Joint Company Secretary Jason de Ross, will resign from his positions effective 9 December 2016.
Managing Director David Maxwell said de Ross, who commenced employment in September 2012 has played an important role in the company’s relocation to Adelaide and its strategic growth.
More recently, Jason has supported the company’s gas strategy, which included the recent agreement to acquire Santos’ Victorian Gas Assets, and had been intimately involved in Cooper’s two capital raises in 2016.
“Jason’s work in establishing a new finance team and systems and his oversight of our finance and administration, particularly during the challenges of the low oil prices of the past two years, has been invaluable to Cooper Energy,” Maxwell said.
The company will initiate an external search process to replace de Ross. In the meantime, Grant Samuel will continue to provide capital management analysis and advice to senior management, with finalization of funding to enable a final investment decision on the Sole Gas Project in the March quarter of 2017 being a key objective.