Vancouver, British Columbia-based Oracle (News - Alert) Energy Corporation—a 27-year-old oil and gas exploration enterprise that, just last week, revealed that it had discontinued efforts in Australia and had agreed to sell its interests in Romania—has announced the restructuring of its management team and board of directors.

Effective immediately, Nasim Tyab, the company’s former president, has been appointed chairman of the board and CEO. Tyab has more than 15 years of experience in corporate development, finance, strategic planning, and in the Canadian capital markets. He has been a director of Oracle Energy since 2000.

Art Green, formerly the company's chief operating officer, has been named president of the firm. Green has been in the industry for more than 35 years—including international executive assignments with Mobil and ExxonMobil in Indonesia and West Africa, and with Hess in Russia. He has successfully led many large-scale exploration, development, and production teams. He has been a director of Oracle Energy since 2008

Desmond Norris is now Oracle Energy's vice president of Exploration. The company describes Norras as “a proven oil finder” whose 36-year career includes a 24-year stint with Talisman Energy—working on basins in Indonesia, Australia, Papua New Guinea, New Zealand, South America, Oman, Algeria, and Trinidad and Tobago. His last position with Talisman was as vice president of Exploration Technology and Geoscience. He has been an officer of Oracle Energy since 2011.

Peter Francis is coming aboard as a director and vice president of Business Development. He boasts more than 35 years in the industry; and has lived and worked in the United States, Europe and Africa. Francis has held executive Treasury and Government Relations positions with Mobil, ExxonMobil, and Shell. He was instrumental in raising funds for the NNPC/Mobil $1 billion Oso field development in Nigeria; and guided Mobil's business entry strategies in Russia, Kazakhstan, Azerbaijan and Turkmenistan.

Martin Yeo joins the company as chief financial officer. Yeo has more than 27 years' experience in the oil and gas industry. He has held senior Finance and Administration roles with Mobil and ExxonMobil in Canada, Turkey, Indonesia, USA, Nigeria and Equatorial Guinea. He played major roles in government negotiations in both West African assignments.

Loren Currie, the firm’s former chief financial officer, has been appointed corporate secretary. Currie has been involved in the Canadian public market for 26 years and is a director and/or officer of two other Canadian companies. He has been a director of Oracle Energy since 2004.

James Ladner of Zurich, Switzerland and Mr. Robert McTavish of the UK will stay on as independent directors.

In a note attached to the restructuring announcement, Tyab said that Oracle Energy would seek “to acquire additional international projects in the future.”

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