|Blackbird Energy Inc. has appointed Dennis Paterson as a director and chief operating officer of the company effective immediately. |
Mr. Paterson has more than 30 years of international oil and gas exploration and production experience in diverse areas, including China, the Middle East, Central and South East Asia, Kazakhstan, Europe and North and West Africa.
From 2006 until 2009, Mr. Paterson was the President of ROC Oil (Bohai) Company in Beijing and an executive director of its parent company ROC Oil Company Limited from 2007 until 2009. There his primary responsibility was to manage all aspects of the (approx.) US$525 million Zhao Dong field expansion and C4 new field development. This involved the fabrication, installation and commissioning of four new offshore platforms and two subsea pipeline tie-backs resulting in offshore production and processing capacity of 145,000 bfpd.
Prior thereto Mr. Paterson consulted on projects in China, Libya, and the Bahamas. He formed and managed Genting Oil and Gas Limited based in Kuala Lumpur, which participated in the discovery and subsequent sale of the Vorwata gas field which supplies the BP-operated, Tangguh LNG plant in Papua, Indonesia. Mr. Paterson was also previously the Managing Director of British Gas Malaysia and the Country General Manager for British Gas Indonesia. Prior to holding those positions he worked for British Gas in a variety of senior commercial roles on the Karachaganak gas condensate field and the Caspian Shelf Consortia in Kazakhstan. Mr. Paterson has been involved with pipeline development projects in Kazakhstan, Malaysia, Indonesia and China and in power generation projects in Malaysia, Indonesia and the Philippines.
Mr. Paterson has been a director of a number of small independent oil and gas exploration companies including BPC Limited, Ramco plc and Medusa Oil and Gas. He was a Director of Genting Sanyen Power Sdn Bhd, a 720 MW CCGT plant located at Sepang, Malaysia.
Mr. Paterson was educated at the University of British Columbia in Vancouver, Canada and at Imperial College, University of London, London, England.
Garth Braun, Blackbird CEO, stated: "We are pleased to welcome Mr. Paterson to our board and management team. The depth of experience and knowledge that Dennis brings to the company is extremely exciting, and we are looking forward to the opportunities that may become available as a result."
In connection with the appointment, the Company has granted 700,000 incentive stock options to Mr. Paterson. Such options are exercisable at the price of $0.27 for a period of five years. Currently, an aggregate of 989,145 shares remain available for issuance under the Company's stock option plan.