Rialto Energy has appointed Andrew Ian Sinclair to its Board in the interim. The appointment is to allow the company to comply with Australian requirements to have two directors resident in Australia, whilst it completes a search for a permanent Australian based Non-executive Director to replace Jeff Schrull, whohas stood down from the board.
Mr. Sinclair, who is based in Sydney, Australia, is a founder of Giant Capital, an international investment fund focused on the oil and gas sector which he founded in 2011. Previously,he had a 16 year career with Macquarie Bank in Sydney, London and Houston.
Rialto Energy has assets in Cote d’Ivoire, where is the Operator (85% working interest) of the CI-202 block offshore, which contains the Gazelle Field and Ghana, where it holds a 12.5% interest in the Offshore Accra Contract Area, operated by Ophir Energy.
The company also has an interest in the Apache operated WA-399-P Block in the Carnarvon Basin, Western Australia.