Australia's New Standard Energy Names Li Hua as MD, Replaces Phil Thick

Australia's onshore exploration company New Standard Energy Ltd. announced Monday that (Bruce) Li Hua has been appointed managing director of the company, replacing incumbent Phil Thick who resigned as a director of the firm.

Prior to his appointment, Li, who has experience in business management and international trade with many large enterprises in China, was general manager of Beijing Hanrende Trade Co., Ltd. -- a firm which trades silicon steel, other metal materials and power products within China.

In a related development, Zhang Dongbo has been named non-executive director of New Standard Energy, while Song Hui assumes the role of non-executive chairman, succeeding Arthur Dixon following the latter's resignation.

Meantime, the Board and New Standard Energy's major shareholder Huizhou Energy are finalizing approvals for the previously planned and announced fully underwritten rights issue as the strategic direction of the firm is considered.

In addition, Huizhou Energy has decided following a technical review of New Standard Energy's Carnarvon Basin onshore permits, EP481 and EP482, that it will not proceed with new work programs or renew the permits when they expire.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Mobile, AL
 
Document Control Specialist
Expertise: Document Control
Location: Columbus, GA
 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours