Hydra Energy Welcomes Non-Executive Chairman

Hydra Energy announced the appointment of Mr. Andy Rigg as Non-Executive Chairman with immediate effect.

Andy has over forty years of experience in the oil and gas and energy sectors working in geological and managerial executive positions and also in non-executive Board positions in such companies as Esso Australia, Santos, Ampolex, Anzon Australia and MEO Australia. His most recent roles were as Deputy Chairman of Mosaic Oil prior to that company's successfully implemented Scheme of Arrangement with AGL Energy Limited in 2010, and as Managing Director of Elk Petroleum Limited.

Paul Nimmo, Managing Director of Hydra Energy said, "I have known and worked with Andy for a number of years and am delighted that he is joining the Hydra Energy team. His experience, knowledge and network within the upstream industry together with his significant geological expertise will further enhance the capabilities and strategic input of the board, leading to the continued growth of Hydra Energy."

Hydra Energy is backed by Barclays Natural Resource Investments (BNRI), a division of Barclays Capital.

Meb Somani, Head of Oil & Gas Investments at BNRI said, "We are very pleased to have a person of Andy's caliber joining the Hydra team and we look forward to working closely with him, and the Hydra team, as it acquires its first assets."