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T5 Oil & Gas Appoints CFO

T5 Oil & Gas Limited has appointed Peter Heintzelman to the Board of Directors as Chief Financial Officer.

T5, established in the past year by former Tullow Oil Plc personnel, is an independent E&P company focused on identifying and acquiring highly prospective oil and gas assets, primarily in Africa.

Peter Heintzelman has over 23 years of experience in the oil and gas industry, primarily gained in US, Middle East, Africa and Europe.

His most recent role was as consultant to the executive team of Shelf Drilling (a private equity backed jack-up drilling company) based in Dubai as it prepared for a stock market listing.

Prior to this he was CFO of Atlantic Energy where he was responsible for developing the company's financial functions and funding capacity from start up through to IPO readiness.

Heintzelman also worked for seven years with Standard Bank in Dubai and London. As the Head of Oil & Gas for East Africa and previously through similar roles in the Middle East and other African countries, he helped transform Standard Bank's Oil & Gas business and position the bank as a leading provider to upstream independents and oilfield services companies alike.

Earlier in his career Heintzelman was part of Halliburton's executive team in the Middle East. Prior to this he held various international finance and risk management roles at both Enron and Constellation, a Goldman Sachs JV.

Pat Plunkett, Chairman, of T5 commented: "Peter is a key addition to the Executive team. His financial experience, in-depth knowledge of the industry, and capital markets expertise will be invaluable as we seek to grow and develop T5 into a substantial publicly listed E&P business”. (August 2014)

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