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Tony Buckingham

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Tony Buckingham
Born
Anthony Leslie Rowland Buckingham

(1951-11-28) 28 November 1951 (age 72)
London, England
NationalityBritish
OccupationBusinessman
Known forHeritage Oil

Anthony Leslie Rowland Buckingham is a British businessman and oil industry executive with a significant shareholding in Heritage Oil Corporation. Heritage is listed on the Toronto Stock Exchange since 1999. In 2008, Heritage was listed on the London Stock Exchange.[1] Buckingham's direct and indirect shareholding is estimated to represent 33% of Heritage. This share was reduced in November 2007 via a share placement made through JP Morgan and Canaccord.

According to the Sunday Times Rich List in 2019, Buckingham is worth £425 million.[2] He is a former North Sea oil-rig diver.[3]

Private military background

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Buckingham is a former partner of the private military company Executive Outcomes.[4] A top-secret British intelligence report stated that "Executive Outcomes was registered in the UK in September 1993 by Anthony (Tony) Buckingham, a British businessman and Simon Mann, a former British officer".[5] Buckingham denies that he registered Executive Outcomes in London and consistently denies any "corporate ties" to the defunct organisation.[6]

Tony, along with founder and CEO of Executive Outcomes, Eeben Barlow, Deputy CEO Lafras Luitingh, and Simon Mann were the executive officers of Ibis Air, a separate partner company that was the aircraft procurement organisation that owned and operated many aircraft for EO and essentially operated as their private air force. Ibis Air could also access Soviet-era fighters and strike aircraft from the Angolan Air Force.[7][8][9]

He has had no involvement with such organizations since 1999[10] and has spent his time running Heritage Oil of which he is the founder and former CEO. He was appointed to the board of directors in early 2008, coinciding with the company's listing on the London Stock Exchange.[11][12][13]

He was part of the Valentine Strasser coup in Sierra Leone and was part of a group of mercenaries defending the National Provisional Ruling Council (NPRC), which later collapsed. To this day his name is still linked to these events and the fall of the government.[14]

Oil background

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Buckingham, the former CEO and major shareholder of Heritage has led the company through exploration finds, including the hydrocarbon system in Lake Albert, Uganda and the M’Boundi oilfield in the Republic of Congo. There are recently awarded licenses in the Iraqi Kurdistan and Mali.[15]

Heritage Oil's subsidiary, Heritage Oil and Gas, drew attention to the 2016 publication of the Panama Papers. Emails among the Panama Papers documents showed how Heritage Oil and Gas Ltd re-domiciled itself to avoid paying $400m (£280m) in capital gains Tax to the Ugandan government.[16]

DiamondWorks

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Anthony Buckingham became the controlling shareholder and director of DiamondWorks when DiamondWorks' acquired a private company, Branch Energy Ltd., based on the Isle of Man for US$24.4 million in 1995-6. Branch Energy Ltd had a mining lease on the diamond-bearing Koidu property in Sierra Leone. In the early 1990s Buckingham's military consultancy was retained by Sierra Leone and Angola to provide mercenaries to improve security conditions for foreign mining companies. His Executive Outcomes (EO) protected DiamondWorks. Executive Outcomes (EO) and DiamondWorks shared offices in London with Sandline International, another military consultancy. London-headquartered, Johannesburg-based diamond exploration company DiamondWorks Ltd. (TSX: DMW) was one of three junior mining firms that traded on Canadian stock exchanges, (along with Toronto-based AmCan Minerals and Rex Diamond) that contacted Sierra Leone President Joseph Saidu Momoh in the early 1990s when the president was seeking new investors. DiamondWorks was "an outgrowth of Carson Gold and Vengold, companies promoted by Eric and Robert Friedland. DiamondWorks and Branch Energy became "the subject of widespread interest because of their apparent but much-denied connections with two major international security firms, Executive Outcomes, and Sandline." It has been argued that "regardless of Executive Outcome’s purpose, its involvement in Sierra Leone was in a good cause. EO successfully protected a democratically elected government against a brutal and illegitimate rebel force." Buckingham resigned from DiamondWorks in 1998, retaining a 25 percent share.[17][18][19]

Sailing

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Buckingham is an avid and accomplished sailor, competing on behalf of Great Britain on many occasions.[20][citation needed] He has won many trophies at various regattas including Cowes Week. He won the Commodore's Cup in 2000.[21] His yachts are usually named after the Ngoni people.

References

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  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2020-03-08. Retrieved 2012-04-02.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ Times, The Sunday (2019-05-12). "Rich List 2019: profiles 301-348=, featuring Tim Martin and Simon Cowell". The Times. ISSN 0140-0460. Retrieved 2019-07-10.
  3. ^ Roberts, Adam (2009). The wonga coup : Simon Mann's plot to seize oil billions in Africa (Rev. ed.). London: Profile. p. 6. ISBN 9781846682346. Retrieved 23 July 2015.
  4. ^ "Who is Tony Buckingham? And why does everyone want to talk to him? - News - the Independent". Independent.co.uk. Archived from the original on 2012-08-14. Retrieved 2017-10-31.
  5. ^ Staff Reporter (24 January 1997). "Africa's new-look dogs of war". No. Online. Mail & Guardian. Africa. Retrieved 16 July 2015.
  6. ^ Cilliers, Jakkie; Mason, Peggy; Pech, Khareen (January 1999). "PEACE, PROFIT OR PLUNDER? The Privatisation of Security in War-Torn African Societies :- Chapter 5: Executive Outcomes – A corporate conquest p.106, №18" (PDF). ISS Africa. Institute for Security Studies in Africa. Archived from the original (PDF) on 4 March 2016. Retrieved 16 July 2015.
  7. ^ "Executive Outcomes". Source Watch. The Center for Media and Democracy. 15 November 2006. Retrieved 16 July 2015.
  8. ^ Cilliers, Jakkie; Mason, Peggy; Pech, Khareen (January 1999). "PEACE, PROFIT OR PLUNDER? The Privatisation of Security in War-Torn African Societies :- Chapter 5: Executive Outcomes – A corporate conquest p.88" (PDF). ISS Africa. Institute for Security Studies in Africa. Archived from the original (PDF) on 4 March 2016. Retrieved 16 July 2015.
  9. ^ Singer, P. W. (2003). Corporate Warriors: The Rise of the Privatized Military Industry (Updated ed.). New York: Cornell University Press. p. 106. ISBN 9780801459603. Retrieved 16 July 2015.
  10. ^ White, Gary (26 January 2011). "Profile: Tony Buckingham, chief executive of Heritage Oil - Anthony Leslie Rowland Buckingham – or Tony to his friends – is Jersey's richest resident with an estimated £565m fortune. He's also a former mercenary provider who hates being called a mercenary". No. Online. Telegraph Media Group Limited. London. Retrieved 16 July 2015.
  11. ^ Buckingham, Tony. "Tony Buckingham: Welcome to my Blog". Tony Buckingham. Tony Buckingham, Heritage Oil. Retrieved 16 July 2015.
  12. ^ "Heritage Oil". Heritage Oil Limited. Heritage Oil Plc. 2014. Retrieved 16 July 2015.
  13. ^ Goodley, Simon (13 November 2011). "Profile: Tony Buckingham, chief executive of Heritage Oil: Heritage Oil was formed in the 1990s to hold oil and gas exploration interests in offshore Angola". No. Online. Guardian News and Media Limited. UK. Retrieved 16 July 2015.
  14. ^ "The vagabond king". 2 February 2012.
  15. ^ "Heritage Oil – Overview". Heritage Oil Limited. Heritage Oil Plc. 2014. Retrieved 16 July 2015.
  16. ^ "Panama Papers: How Jersey-based oil firm avoided taxes in Uganda". BBC News. April 8, 2016.
  17. ^ Smillie, Ian; Gberie, Lansana; Hazleton, Ralph. The Heart of the Matter: Sierra Leone, Diamonds & Human Security.
  18. ^ "DiamondWorks remembers its dead, in silence". MAC: Mines and Communities. 11 November 2003. {{cite web}}: Missing or empty |url= (help)
  19. ^ Purcell, Will. "DiamondWorks remembers its dead, in silence". Stockwatch Street Wire. Canada.
  20. ^ "Rolex Regatta Sets Stage For Second Act Of OtterBox Melges 32 Virgin Islands Sailing Series". Caribbean Regatta. CaribbeanRegatta.com. Retrieved 16 July 2015.
  21. ^ "The Official Rolex Newsroom website" (PDF).
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