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Lime Rock hires Townes Pressler as managing director07/03/2007. Source: AltAssets. 
 Townes Pressler, formerly the co-founder of Peregrine Oil & Gas, has joined the Lime Rock investment team as a managing director in the firm's Houston office.
Pressler was an energy banker for ten years, following which he joined Donaldson, Lufkin & Jenrette in 1996. He became COO of Credit Suisse's Houston office and a managing director of its global energy group. Managing director at Harrison Lovegrove was his next move, where he established the boutique international firm's US presence. He co-founded Peregrine Oil & Gas in 2004, and with private equity backing, Peregrine has completed a successful drilling programme.
Jonathan Farber, managing director of Lime Rock, said, 'Townes is an ideal new leader at Lime Rock to help us continue to fulfil our promise as an investment partner. He has deep roots in Houston and throughout the energy sector. As a senior banker, he has helped leading E&P companies develop their long-term strategy and execute complex transactions. And, as an entrepreneur, he knows from the inside the challenges facing growing energy companies.'
Lime Rock has offices in Aberdeen, Scotland; Calgary, Alberta; Houston, Texas; and Westport, Connecticut.
Last year Lime rock hired Saad Bargach as a managing director, also based in Houston. His expertise is in technical, executive and international operating.
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