CALGARY, Oct. 7, 2013 /CNW/ - Stream Oil & Gas Ltd. (TSX-V: SKO)
("Stream" or the "Company") announces that James Hodgson has resigned
as Chief Financial Officer of the Company effective September 30, 2013
to pursue other interests. With his resignation, he has also stepped
down as a Director on the Board of Directors and as Corporate
Secretary. During his tenure, Mr. Hodgson was successful in arranging
over US$40 million in financing, which permitted Stream to invest in
its development plans to increase production.
"I would like to sincerely thank Jim for his contribution to Stream,"
said Dr. Sotirios Kapotas, President and Chief Executive Officer. "His
financial acumen and leadership were instrumental in the Company's
financial development and improvement of our financial systems over the
last few years. On behalf of the Board and Stream, I wish Jim the very
best in his future endeavours."
Mr. Paul Plater, Vice President, Finance and Corporate Controller, has
been appointed as interim Chief Financial Officer of Stream. Mr. Plater
has held his role as VP, Finance and Corporate Controller since January
2013 and has consulted to Stream through Plater Financial Consulting
Ltd. since 2009. He has had experience consulting in a CFO capacity
to other Calgary and Vancouver-based public companies in the energy and
investment sectors since 2006. His career encompasses working at both
Ernst and Young and Deloitte and Touche (where he was lastly a Senior
Manager in the Deloitte Mining Group), being CFO of a Vancouver-based
retail chain, and a position at the BC Securities Commission. Mr.
Plater holds C.A. and C.P.A. (Illinois) designations.
Ms. Susan Soprovich has been appointed as interim Corporate Secretary
for the Company. She is the Principal of Phoenix Strategies, which
provides strategic counsel to companies in both the public and private
sectors. In her career, Ms. Soprovich held senior roles encompassing
finance, investor/public relations and corporate governance for
companies of varying market capitalizations both within and outside of
the petroleum industry. Previously, she held senior executive
positions at Compton Petroleum Corporation and at Bankers Petroleum
Ltd. where she was responsible for the strategic direction of those
companies' international investor and public relations, communications
and regulatory activities. In addition, she has managed several
corporate transactions including restructuring, refinancing, corporate
splits, and mergers and acquisitions. Ms. Soprovich holds a C.M.A.
About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based emerging oil and gas
production, development and exploration company focused on the
re-activation and re-development of three oilfields and a
gas/condensate field in Albania. The Company's strategy is to use
proven technology, incremental and enhanced oil recovery techniques to
significantly increase production and reserves.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Stream Oil & Gas Ltd.
For further information:
Dr. Sotirios Kapotas President & Chief Executive Officer P: (403) 531-2358
Paul Plater, Interim CFO P: (403) 531-2358