Melbana boss resigns for health reasons

Melbana Energy’s boss Peter Stickland has tendered his resignation for health reasons.

Melbana, formerly known as MEO Australia, said on Friday that Peter Stickland tendered his resignation as the company’s managing director and CEO, but would continue to support the company in a part-time capacity and would remain on the board as non-executive director.

Robert Zammit, currently the executive manager of commercial and business development was appointed as the chief executive officer of Melbana, effective January 12, 2018.

Zammit has over 25 years of international experience in the oil and gas industry. Before joining Melbana in 2011, Zammit had an extensive international career with ExxonMobil, where he worked in a variety of commercial and business development roles in Australia, Europe, Asia, and the USA.

In his role at Melbana Energy, Zammit had the responsibility for all the commercial and business development activities of the company and was instrumental in the recent transaction for the Beehive prospect with Total and Santos.

Melbana Energy’s chairman, Andrew Purcell, said: “We are very pleased to appoint Robert Zammit to the role of CEO, given his skills, experience and proven business development and commercial track record as evidenced by the recent transaction for the Beehive prospect.

“We accept Peter’s resignation with regret, but fully understanding his desire to spend more time with his family. We are pleased that he will be continuing to support the company in both a non-executive director and consulting capacity. Melbana has an active year ahead, with drilling commencing in New Zealand this month and drilling planned in Cuba from mid-2018.”

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