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Oracle Energy appoints senior leadership

Staff writer |
Vancouver, BC, Canada - April 4, 2014, Vancouver, BC, Canada - Oracle Energy Corp., an oil and gas company, has named Peter Francis as chief executive officer, and Howard F. Jeter and Cyril Akporuere Odu will be joining the board as independent directors.

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Mr. Francis has more than 35 years of experience in the oil and gas industry. He has held a number of executive treasury and government relations positions with ExxonMobil and Shell, most recently based in Abuja advising on business development and legislative issues.

Mr. Francis has been instrumental in raising loans for Mobil's exploration and production worldwide operations including the groundbreaking NNPC/Mobil Producing Nigeria $1-billion loan for the Oso condensate field development. He has also guided ExxonMobil's new business entry strategies in Russia, Kazakhstan, Azerbaijan and Turkmenistan.

Mr. Francis serves on the board and chairs the audit committee of Africare, the largest African-American-led development organization. He holds professional qualifications of associate and fellow of the Chartered Insurance Institute in London.

Mr. Jeter retired from the State Department in 2003 after a distinguished 27-year career in the Foreign Service. He was the U.S. ambassador to Nigeria from 2000 to 2003. He also served as deputy assistant Secretary of State for African Affairs, state department director for West African Affairs, Bill Clinton's special envoy for Liberia and ambassador to Botswana. He also had multiyear assignments in Lesotho, Namibia, Tanzania and Mozambique.

Mr. Jeter was the recipient of numerous awards and commendations, including the Presidential Meritorious Service Award, Superior Honor Awards and several performance awards. He is a member of the Council on Foreign Relations, the American Academy of Diplomacy, the American Foreign Service Association and Phi Beta Kappa.

Mr. Jeter earned his bachelor of arts degree, with honours, from Morehouse College. He later received a master's degree in international relations and comparative politics from Columbia University, and a second master's degree in African studies from UCLA.

Mr. Odu is currently the head of the energy fund at Africa Capital Alliance, a Lagos-based investment bank. Prior to joining Africa Capital Alliance, he served 39 years with ExxonMobil, reaching the position of vice-chairman of the board of Mobil Producing Nigeria and chief financial officer for Exxon Mobil upstream companies in Nigeria.

Mr. Odu earlier served in a number of technical and management positions, including associate geologist, treasurer, controller, project finance director (Europe, Middle East and Africa), country human resources manager, and general manager for planning and new business development.

Mr. Odu was actively involved in developing and executing ExxonMobil business strategies in Nigeria, as well in as the implementation of several innovative financing and financing solutions, including the first upstream financing deal (the 1991 Oso condensate field development) in Nigerian history.

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