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Well perhaps an accountant may be able to engage a drilling Company with reliable equipment !
An accountant should not be running an oil exploration company. It's plainly ridiculous. It's like Gareth Southgate coaching the national rugby union team..." It's a ball, I can handle that". He is obviously an interim manager, before appointing hopefully a decent oil man with good contacts.
13:49 completely agree, but it always makes a few happy if they can get a quick kick in and preferably from behind :-)
I do not have a clue what Ashley Gilbert's personal qualities are but sense that he will have the nous to reach for guidance from appropriate sources as and when necessary.
Ashley Gilbert has been there over 4 years. You can learn a lot in four years about continuing the the strategic direction of a company if you are working shoulder to shoulder with the top man. Not many ppl actually use the discipline of the degree that they gained at university in their roles in life. So I'd say it's not completely true to say that if he's an accountant he cant do DWs role. In fact most of DWs intuition has been in financial matters. Deciding what to buy, recognising bargains, recognising tax breaks etc.
Just for balance folks. I'm still hoping that what Merlin results reveal will spark the re-rate. We'll see.
GS
There can NEVER be another guzzler LOL!
. "I would also like to welcome our new Chief
Financial Officer, Ashley Gilbert, to the team, a Chartered Accountant with more than 20 years’ experience in commerce
and significant experience in the oil and gas sector."
The above is an extract from the 2016 Annual Report.
GS
So he's to blame for Neptune's sad performance over the years? Oh well on we go...
So Ashley Gilbert
About
I am a Chartered Accountant with more than 20 years’ experience in commerce and public practice. My current role is C.F.O. of 88 Energy Ltd (ASX:88E; AIM:88E), an entity that operates a vast ~271,000 contiguous acres on the prolific oil rich world class Northern Slope of Alaska who are headquartered in Perth, Western Australia, with offices in Anchorage, Alaska.
Prior to my current role I was C.F.O. of Neptune Marine Services Ltd, a leading provider of integrated oil field services, and also C.F.O. of Nido Petroleum Ltd (ASX:NDO) for just under 10 years. Previous roles have also included various finance positions within Woodside Petroleum Limited, GlaxoSmithKline plc. in London and public practice in taxation, auditing, business development, financial management and governance roles.
More specifically my experience includes;
- financial control and accounting,
- statutory and joint venture reporting,
- tax planning and compliance,
- treasury management,
- Board reporting,
- investor relations,
- capital raising,
- negotiation of debt facilities,
- risk management and insurance matters,
- M&A and asset acquisition / divestments,
- strategic planning,
- asset and corporate modelling and valuations,
- Post-merger / company acquisition integration of staff, systems and policies across multiple locations;
- Coordination of ERP selection, design and implementation, and
- Company secretarial and governance matters.
I graduated from Curtin University of Technology with a Bachelor of Commerce (Accounting & Business Administration), and completed various post-graduate studies with professional bodies including with the Chartered Accountants in Australia & New Zealand, Australian Institute of Company Directors and Governance Institute of Australia.
No oil exploration experience whatsoever but plenty of financial experience including
Post merger/company acquisition hmmm. Is it just me or does it seem strange that they are replacing DW with somebody purely in the bean counting game. Why did we need DW if this guy can do his job anyway hmmmm.
If he's good at cash raises he will fit in well here
Think I've been pretty balanced regarding 88e.
My views on it haven't changed for years, I even signalled I bought when 1st TD was recently hit even though I believed the Mcap was too high.
Volume and SP was up on ASX so there was money to be made.
But I'm sure you understand the point I'm making regarding the new Mr Negative.
Didn't take me long to see straight through him back in 2015.
You could say Jiddy is the new guzzler
Which raises logical questions, why do we need financial experience to achieve or ultimate goal? Makes a least one wonder!
Anyone else see the irony?
As you will all know, Ashley Gilbert will be the new 88E MD wef next month.
Check him out on LinkedIn - he has had a raft of financial experience, including "multiple cash raises". In twenty six years he has never been a leader, so his new position will be a real challenge.