News

November 17, 2009

All Change At The Top For CBM Specialist European Gas Limited

There has been a major overhaul at European Gas Limited, the ASX-listed coal bed methane specialist. The company is no stranger to change, having in recent years transformed itself from an under-performing oil explorer in Australia’s Canning Basin to a producer of unconventional gas resources in France’s former coal mining regions. Now the management that spearheaded that change – MD Anthony McClure and director Alan Flavelle –has left and a new board has been formed.

The new Board of Directors comprises Julien Moulin, co-founder of investment management company Maoming Investment Manager Ltd, Rod Bresnehan, a petroleum reservoir engineer with 35 years of experience and corporate lawyer Sebastian Hempel. 

The newcomers quickly took action, commissioning Mastenbroek Enterprises Pty Ltd, run by Jan Mastenbroek, the former General Manager of the company’s coal mine methane production operation Gazonor in northern France, to conduct a strategic...