Prior to the appointment, Mr DeGraffenreid served as corporate secretary and director of land and business development for Sterling Energy. In a press release, Unicorp said that Mr DeGraffenreid brings with him extensive experience in oil and gas acquisitions and divestitures, along with a wide range of industry and business expertise.

Bob Munn, president and CEO of Unicorp, said: I am very pleased to have Jim join us as part of the management team at Unicorp. I had the pleasure of working with Jim for several years at Sterling and I am confident that he will be an important member of the Unicorp management team and a valuable contributor in growing the company.