Empyrean Energy makes interim CEO its permanent chief
By Josh White
Date: Friday 27 Feb 2026
(Sharecast News) - Empyrean Energy announced the appointment of Gajendra 'Gaz' Bisht as its chief executive officer with immediate effect on Friday, formalising his role after serving as interim CEO for the past six months.
The AIM-traded oil and gas explorer, which has interests in Australia, Indonesia and the United States, said Bisht would continue to serve as technical director alongside his new permanent position as CEO.
It said the dual role represented the most prudent course in the circumstances and recognised Bisht's performance during his interim tenure.
The appointment followed the settlement with Conrad and the securing of Empyrean's participation in the Mako Gas Discovery, and reflected a focus on cost reduction as the group evaluated new value-accretive opportunities in the sector.
Empyrean said it was undertaking a disciplined review of its broader portfolio while assessing new growth opportunities.
It said Bisht has more than 36 years' experience in exploration and production and, over the past five years, had developed experience in strategy execution and building relationships with international companies and regulators across southeast and north Asia, particularly in Indonesia, China and Malaysia.
"Gaz has done a terrific job leading the company in difficult circumstances and following the successful conclusion of negotiations with Conrad, the board felt it appropriate that Gaz continue in the CEO role on a permanent basis," said chairman John Spencer Laycock.
He added that the company is also reviewing its board composition to ensure it has the appropriate skills and expertise to support management and serve shareholders going forward.
At 1437 GMT, shares in Empyrean Energy were down 3.7% at 0.07p.
Reporting by Josh White for Sharecast.com.
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