CALGARY, Nov. 25, 2013 /CNW/ - The Board of Directors of Emperor Oil Ltd. (TSXV: EM), (OTC: CHVFF), (Frankfurt: 8CV), (Europe: ISIN: CA29159B1031), (WKN: A1J3EL), ("Emperor" or the "Company") are pleased to announce Mr Gregory Fedun has been nominated Chief Executive Officer and President. The nomination is pending review of his Personal Information Form by the TSX Venture Exchange which is being submitted concurrently to the Exchange.
Coming from a long lineage of OIl and Gas professionals Mr. Fedun has attained significant experience in the natural resource sector and in particular, the oil and gas sector. Mr. Fedun has assisted several companies in the development of their resource projects in North America, South America, Africa and the Middle East. These projects included the development of an off shore hydrocarbon assets in the Gulf of Mexico which was comprised of successfully acquiring, developing and bringing an asset on stream. Mr. Fedun previously worked extensively with the Al Mualla Royal Family (UAE) consulting on various projects. Additionally Mr. Fedun, assisted Voyageur Oil & Gas Corp. in reforming its management team adding a former Technical director from BP OIL. This resulted in Voyageur securing a business combination transaction with Anadarko Petroleum Corporation in access of $ 70 million. The companies he has worked with have raised in excess of 150 million over the past 6 years.
Mr. Fedun has worked with the Emperor Board of Directors and Management to secure Oil and Gas projects as well as providing assistance in capital raising endeavors.
Upon completion of the Exchanges review of Mr. Fedun's personal information form and presuming that such is cleared, Mr. Fedun will replace the interim Chief Executive Officer, Mr. Michael Dake, who will remain an independent director.
The Company also announces the resignation from the Board of Directors Dr. Abdel Rahman and the appointment of Mr. Daryn Gordon, the Company's chief financial officer, as a member of the Board. The Company looks forward to continuing working with Mr. Gordon who has brought significant oil and gas financial expertise to the Company.
Emperor Oil is an international oil and gas exploration and development company.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Emperor's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
SOURCE: Emperor Oil
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Emperor Oil Ltd