CALGARY, AB / ACCESSWIRE / January 18, 2024 / Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE:XOP)(LSE:COPL), an international oil and gas exploration, production and development focused in Converse and Natrona Counties, Wyoming, USA, announces the following executive and director changes:
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Mr. Peter Kravitz has been appointed as interim Chief Executive Officer;
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Mr. Mark Wall has joined its Board as a Non Executive Director to replace Mr. Atul Gupta who has stepped down.
Mr. Kravitz, a founding principal of Province, LLC, a leading restructuring advisory firm. Mr. Kravitz has an extensive resume of engagements, many of which involve notable brands like Sable Permian, PetSmart, BoardRiders, Samson Resources, Circuit City, RESCAP, Fleetwood, Radio Shack, Aegean Marine Petroleum, Core Media, Sable Permian, Nextpoint Financial, Philadelphia Energy Solutions, Intelsat, 5e Advanced Materials, Claire's and Washington Prime Group, among others.
Mr. Wall has more than 27 years of experience in the mining industry in executive, commercial, operations and sustainability roles. He has operated at various senior levels of publicly listed mining companies, including as the CEO of a Canadian TSX listed mining company, the Senior Vice President & Operations Officer for one of the world's largest gold mining companies listed on the TSX and NYSE, and the Chief Commercial Officer and lead Operations executive for a TSX listed copper project in the United States, which included the construction of a copper processing facility in Nevada. Mr. Wall holds various degrees and qualifications, including a Diploma in Minerals Processing, Master of Business Administration, Master of Management, Masters Certificate in Risk Management & Business Performance and Diploma of Project Management. Mr. Wall is a Fellow of the Australasian Institute of Mining and Metallurgy.
The Company thanks Mr. Gupta for his service as a Non Executive Director.
About the Company:
COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County Wyoming.
For further information, please contact:
Mr. Tom Richardson, Chairman
Mr. Ryan Gaffney, CFO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441
Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 251
Email: cathy@chfir.com
Charles Goodwin
Yellow Jersey PR Limited
Tel: +44 (0) 77 4778 8221
Email: copl@yellowjerseypr.com
The Common Shares are listed under the symbol "XOP" on the CSE and under the symbol "COPL" on the London Stock Exchange.