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Clancy Exploration's managing director steps down

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Clancy Exploration's managing director steps down

ClancyExploration Ltd. said March 31 that Gordon Barnes stepped down asmanaging director, effective immediately. It appointed David Scoggin, whospecializes in risk assessment and M&A analysis, as nonexecutive director.

Clancy also said it is shifting its administrative office toPerth in Western Australia from Orange in New South Wales in the coming weeks.

The company no longer has any executive personnel in Orangeand is looking to reduce its operating cost base to a minimum while it focusesattention on securing a project to secure its future.