Viking SeaTech Appoints New GOM Managing Director

Global offshore support specialist Viking SeaTech will officially announce the arrival of Gulf of Mexico Managing Director Tom Bower this week at Offshore Technology Conference (OTC) in Houston. 

Group chief executive Bill Bayliss said: "Tom is a spirited and inspiring leader to steer future American operations.  Formerly of Topaz Energy and Marine, Tom brings almost 30 years of experience to our leadership team. We are recruiting a talented group of highly skilled individuals to support Tom and drive Viking SeaTech's achievable ambitions.  Tom's rich industry knowledge and clout will attract new business and I look forward to the exciting future ahead. I am confident we can maintain the company's success and continue to exceed our customers' expectations stateside.

"Tom will define our strategy to move into the U.S. to strengthen Viking SeaTech's international reputation as a premier supplier of services and solutions. The U.S. market will also be a crucial stepping stone into neighbouring territories as part of group-wide development."

With offices in all of the world's main oil and gas hubs including Aberdeen, Stavanger, Perth, Singapore and Jakarta, Viking SeaTech has a knack of locating emerging business locations and developing their services within the specific marketplace.

Bayliss continued: "We can sense when a potential opportunity for business growth should be translated into reality. Indonesia is fast becoming one of the industry's brightest prospects and we moved swiftly to cultivate our name there. The Jakarta office is an example of our proactive nature and indicates our flexibility in an ever-evolving global energy sphere."

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Rialto Interim CEO Appointed Managing Director

Rialto Energy Ltd. announced Mr. Robert Shepherd, who has been Interim CEO since Nov. 26, 2012, has been appointed to the full-time position of managing director, based in London.

Further to the appointment of Mr. Shepherd, Rialto announces that Mr. Bruce Burrows has advised the Company of his intention to retire from Board during the course of March 2013 due to increasing time commitments elsewhere.

Commenting on today's announcements Chairman Mr. Bruce Burrows said:

"The Board is very pleased to welcome Mr. Shepherd to the Company in a full-time capacity. His appointment comes after an extensive international executive search in which we canvassed many excellent candidates. Mr. Shepherd's commitment and enthusiasm in his interim role has led to his appointment and the Board believes he and the rest of the Rialto team are well equipped to continue advancing the Company.

"I would also take this opportunity to advise that I will be retiring from the Board of the Company during March 2013 when it is intended that Mr. Andrew Bartlett will assume the role of Chairman. This decision comes at a time when the Company has gone through a process of rejuvenation and strengthening in terms of Board and Management. I have enjoyed my time with Rialto immensely and will leave the Board knowing the Company is well placed to move forward with its future endeavors."

Newly appointed Managing Director Rob Shepherd commented:

"I am very pleased that the Board has decided to appoint me to the post of Managing Director. Whilst the Company has been through a difficult 2012, Rialto has a great team and excellent assets and I will do all that I can to ensure that both existing and future shareholders can focus on a potentially highly rewarding 2013 and beyond."

Mr. Shepherd's base salary will be $402,509 (GBP 265,000) per annum along with incentive bonuses to be determined by the Board including, subject to shareholder approval, participation in Rialto's Employee Performance Rights Plan.

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