Entek Appoints Non-Executive Director
Entek announced the appointment of Mr. Alex Forcke as a Non-Executive Director of the Company. Mr. Forcke is a public company executive with considerable financial and commercial experience gained in over twenty years in both the
resources and investment banking industries.
Mr. Forcke was a founding Director and Executive Chairman of Adelphi Energy Limited. Adelphi’s successful transition from explorer to producer was on the back of an oil and gas discovery in the now prominent Eagle Ford Shale in Texas, USA.
Prior to Adelphi, Alex was an Executive Director of ARC Energy Limited and was responsible for directing ARC’s financing, commercial and business development programs. He has also worked for Hardman Resources Limited in a commercial and financial advisory capacity.
Prior to entering the oil and gas industry, Mr. Forcke had established an international career in project finance and investment banking, including senior positions with Deutsche Bank and the Australian Industry Development Corporation Limited.
As previously advised, following and as a consequence of this appointment, Mr. Craig McGown will be resigning as a Director of Entek.
Commenting on Mr. Forcke's appointment, Entek's Chairman Graham Riley said, "l am delighted to welcome Alex on to the Entek Board. His past experience and credentials speak for themselves, and through my own previous professional association with him know that
he will add a layer of significant commercial horsepower as a Director at a crucial time in the Company's development.
"Our first task as a Board will be to undertake a full commercial and technical review of the Company's assets and forward plans, with a view to putting in place the exploration, development and capital requirement strategies necessary to maximize the Company's value
and effective shareholder returns going forward, in which Alex will, as a member of the Board, play an important overseeing role.
"l would also like to take this opportunity to thank Mr. McGown for his significant efforts as a past Chairman and Director during a difficult time for the Company, and wish him well with his future endeavors."
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