Join our daily newsletter At The Bell to receive exclusive market insights
- Black Mountain Energy (ASX:BME) announces board and management changes in line with delisting plans
- Non-Exec Director Peter Cramer will step down by Feb 29, CFO Craig Couws by Mar 31; no replacement for CFO
- Chairman Rhett Bennett thanked the departing members
- Despite changes, BME focuses on cost-cutting, progressing Canning Basin approvals, and preparing Project Valhalla
- BME last traded at .8 cents
Black Mountain Energy (ASX:BME) has provided updates regarding changes to its board and management, aligning with the delisting process announced to the ASX in late December 2023.
Non-Executive Director Peter Cramer will step down effective February 29, 2024.
Chief Financial Officer Craig Couws will conclude his role by March 31, 2024. Finance responsibilities will transition to appointed consultants, and the CFO position will not be filled.
“I would firstly like to thank Peter for his significant contribution to the company as a director since July 2021 as we transitioned from an unlisted company through to our listing on the ASX,” Executive Chairman Rhett Bennett said.
He also acknowledged Mr Couws’ efforts, emphasising his role in facilitating the purchase and sale of the Half Moon asset and integrating it into the company.
These changes are part of the company’s strategy to reduce costs associated with its listing, in line with the guidance provided in the 2024 meeting agenda.
Despite these shifts, Black Mountain Energy remains committed to implementing cost-cutting measures while focusing on advancing Canning Basin approvals and preparing Project Valhalla for future appraisal activities.
BME last traded at .8 cents.
