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Sefton Resources CFO on new beginnings in Indonesia
Sefton Resources (LON:SER) finance chief, Raylene Whitford, speaks to Proactive about the new direction for the AIM-quoted oiler. After a troubled past, Sefton is switching its focus away from Kansas to South East Asia, restructuring its board and trying to win back shareholder support. This week it entered into a development agreement with UTAS Petroleum Services Ltd to explore a potential transaction involving producing oil and gas assets in Indonesia.
Biography
Raylene Whitford is a Cree-Métis finance professional with a well-established career in the international finance and energy sector. She is the founder of Canative Energy, a social enterprise which supports the economic development of Indigenous communities impacted by the energy sector in Canada and Ecuador. Her previous leadership positions include being an Executive Director for a company listed on the London Stock Exchange and directing a USD 42 billion capital efficiency project for a national oil company in the Middle East. In 2014, Whitford took a sabbatical from her corporate career with KPMG to return to Canada for a winter to roughneck on a triple-pad drilling rig in order to gain experience in the field. She is a strong advocate for Indigenous Professionals gaining international experience. Raylene is a Chartered Accountant, has an MBA in Oil and Gas Management from Aberdeen Business School (Scotland) and is currently completing a PhD in Indigenous Studies and Business at the University of Alberta.