Buccaneer Energy Welcomes CFO
Buccaneer Resources, LLC, a wholly owned subsidiary of Australian listed Buccaneer Energy Limited, announced that Ron Huff has been appointed as Chief Financial Officer (CFO), effective July 9, 2012.
Mr. Huff has over 30 years of financial experience in the energy industry, most recently serving as the CFO of EdgeMarc Energy Holdings, a private equity Exploration & Production company focused in the Marcellus and Utica plays in the Appalachian Basin. He has also worked for other well-known U.S. based firms as Atlas Energy, Aurora Oil & Gas Corp and Transco.
"We are very pleased that Ron has joined Buccaneer Resources as CFO," said Curtis Burton, CEO, Buccaneer Energy. "Buccaneer has been seeking to strengthen its finance capability in its U.S. operational office to cater to what is expected to be a high level of activity and growth over the next 3 years. Ron will be instrumental in ensuring Buccaneer's continued rapid growth as a leading independent, operating in Alaska, Texas and the Gulf Coast. His experience in corporate financial management will most certainly complement our existing management team and serve our growth strategy extremely well."
Mr. Huff has completed in excess of $700 million in financings during his career including leading Aurora Oil & Gas Corp.'s first public equity offering, raising $60 million and securing a listing on the American Stock Exchange. He developed processes, procedures, models, and reporting structures to prepare Visual Edge Technology Inc. for rapid growth and he established and developed a private equity firm, TriMillennium Ventures LLC. Ron also directed a merger and acquisitions program for Belden & Blake Corporation that completed 14 major acquisitions that grew the company's revenue 1,000 percent and increased market capitalization from $25 million to $400 million in five years, which delivered 40 percent compounded annual returns to shareholders.
"I am very excited to take on this responsibility and look forward to working with the team to help build a dynamic and growth-oriented company," said Ron Huff, CFO, Buccaneer Resources. "Coming in at this stage to begin focusing on moving Buccaneer to the next level will be both challenging and rewarding for all of us and I am looking forward to making my contribution."