CGX Energy Inc yesterday announced the appointment of Kerry Sully as the company’s Executive Chairman, and Steve Hermeston as new President and CEO with effect from June 13.
In a press release, the company said that Hermeston, who was also appointed to the company’s board of directors on Tuesday, has had an impressive 30-year career in the international exploration and production (E&P) industry. In addition to having led oil and gas exploration teams at several major E&P companies, his analysis has led to discoveries that include High Island A-22 (150 bcf in the Gulf of Mexico), Peregrino (250 to 650 mmbbl in Brazil) and the Llanos basins (five fields in Colombia totalling up to 50 mmbbl).
Sully is quoted as saying that from his first meeting with Hermeston, “I knew we’d found our new president.” He said Hermeston has a history of
