www.ithacaenergy.com/ithaca_ir_news04282004.asp -
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Published on: 4/28/2004
Last Visited: 5/18/2007
April 28, 2004 - Ithaca Energy names Lawrence H. Payne, CEO, and Neil A. Carson, President
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Ithaca Energy names Lawrence H. Payne, CEO, and Neil A. Carson, President
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CALGARY, ALBERTA, April 28, 2004 -- Ithaca Energy Inc., a next generation oil and gas company focusing on the untapped potential of proven reserves on the UK Continental Shelf in and around the North Sea, is pleased to announce the appointment of industry veterans Lawrence (Lawrie) H. Payne and Neill A. Carson, as Chief Executive Officer and President respectively.
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Mr. Payne has over 40 years of senior management experience in the Oil & Gas industry.He completed his Bachelors degree in Economics and Master's degree in Marine Geology from the University of Alberta and Columbia University respectively.In 1964 Mr. Payne launched his career as a Landman with Pan American Petroleum (Amoco) and then as an Exploration Geologist with Kerr-McGee in 1970 where he was directly responsible for an 800 billion cubic feet gas find in Texas.In 1971, Mr. Payne joined Sunningdale Oils where in less than five years progressed from Exploration Manager to President, was very active in the North Sea where the company made several discoveries, and lead the sale of the company to Kerr-McGee.
In 1976, Mr. Payne became founding President of Sceptre Resources and created over 600% growth in two years.Mr. Payne also founded Atlantis Resources which grew from US$250 thousand to over US$85 million.After the sale of Atlantis in 1994, he managed and directed as President several private companies.Mr. Payne intends to reside in London.