Thomas Nador appointed CEO of Buru Energy Limited

SYDNEY, AUSTRALIA: Buru Energy Limited has appointed Mr Thomas Nador as Chief Executive Officer. He comes to Buru from his current role as Group Executive – Development at Beach Energy, based in Perth.

Thomas Nador adds a depth of experience in project delivery and asset growth to Buru Energy that will ensure the Company delivers maximum value for its shareholders from its exciting portfolio of assets. He will assume his role no later than 1 September 2022 in line with his current employment conditions.

As CEO, Mr Nador will have responsibility for the Company’s day to day operations and for delivery of a forward program to capitalise on the enormous inherent value in the Company’s assets.

He will focus on both the commercialisation of the potentially world scale Rafael gas condensate discovery, and on providing impetus to the Company’s energy transition businesses, including the CCS Geovault program underpinned by the recent grant offer from the Federal Government.

As part of delivering the Company’s projects, Mr. Nador will also ensure the Company’s organisational capacity is aligned with its strategy.

The Executive Chairman, Eric Streitberg, will continue in his current role for an appropriate period as Mr Nador assumes day-to-day management of the Company. He will work closely with Mr Nador to ensure a smooth transition of responsibilities. Mr Streitberg will in due course, as part of the transition, assume the role of Non-Executive Chair to maintain oversight of the monetisation of Buru’s growth opportunities.

Thomas Nador is a globally experienced oil and gas executive with a track record of project delivery and performance enhancement.

He has 27 years’ experience in various roles across the oil and gas value chain, mining and metals, pipelines and infrastructure developments. Mr. Nador has been involved in the development of major oil and gas resources from discovery to production, managed significant pre- and post-merger integrations at an asset and corporate level, and has led large multidisciplinary and multicultural teams to deliver high value, complex and innovative programs of work.

His most recent role with Beach Energy included responsibility for the development of all of Beach’s oil and gas reserves, and included the development of Beach’s Perth Basin assets.

This required engagement with Joint Venture Partners, State and Federal Government departments and agencies, the Environmental Protection Authority, peak industry bodies, gas customers and potential business partners.

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