LONDON, UK: Nostrum Oil & Gas PLC (LSE: NOG), an independent oil and gas company operating in the pre-Caspian Basin, has announced the appointment of Petro Mychalkiw as Chief Financial Officer (CFO) effective 21 August 2023.
Mr Mychalkiw is a chartered accountant with over 17 years of experience leading finance teams within the natural resources industry, including both oil and gas businesses and mining/metals companies. He has extensive public company experience and first-hand experience of E&P operations in Kazakhstan.
Mr Mychalkiw’s previous roles in emerging markets include serving as Group CFO at I-Pulse Inc, High Power Petroleum LLC, Equus Petroleum Plc and Orsu Metals Corporation and serving as Regional Finance Director and Group Head of Corporate Finance at Oriel Resources Plc.
The Company anticipates that Mr Mychalkiw will also join Nostrum’s Board of Directors in due course.
Stephen Whyte, Chairman of the Board, commented: “On behalf of the Board I am delighted to welcome Petro to Nostrum. He joins the Company following the successful completion of its restructuring and as Nostrum is now at an important stage in its development. His extensive experience at the Group CFO level will be integral in supporting many of the initiatives and the anticipated growth that we expect to deliver at Nostrum.”
Arfan Khan, Chief Executive Officer, commented: “Petro brings a wealth of corporate, finance and capital markets experience in the energy sector as well as knowledge and experience of working in Kazakhstan that will be of crucial importance as we continue to explore opportunities to commercialise our world class infrastructure as part of our mixed-asset energy strategy. I look forward to working with him at this very exciting time for the Company.”