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Mosaic Oil appoints Alex Parks as CEO

Staff writer | Sydney, Australia | August 18, 2009
Mosaic OilAugust 18, 2009, Sydney, Australia - Mosaic Oil NL announces the appointment of Alex Parks as Chief Executive Officer, effective today.
Mr. Parks has a Master of Engineering, Petroleum Engineering degree from the Imperial College London. He is or has been a founder or chair of various state Chapters and Boards of the Society of Petroleum Engineers (SPE), is a Member of both the Petroleum Exploration Society of Australia (PESA) and Australian Institute of Company Directors (AICD), and was awarded Young Petroleum Engineer of the Year (SE Asia) by the SPE in 2005.

Mr. Parks was previously the CEO of Otto Energy from December 2006 to June 2009. During this time, he handled the acquisition of a substantial producing asset, raised over $100 million in new equity and broadened the shareholder base substantially, all of which resulted in more than a 10-fold increase in the market capitalisation of that company.