CALGARY, Nov. 23, 2017 /CNW/ - Imaginea Energy Corp. (the "Company") today announces changes made effective November 20, 2017 with its major shareholder, Lime Rock Partners ("Lime Rock") in order for each to pursue their divergent strategies.
A new management team led by Colin Davies, President and CEO, has assumed leadership of all parts of the Company pertaining to its oil and gas assets (offices, people, vendors, relationships, contracts, obligations) under the name of Cor4 Oil Corp. Lime Rock looks forward to the Company's return to a conventional oil and gas operations focus. Mr. Davies commented, "We are encouraged by the potential of the assets and the creativity of the existing team. The skillset and experience of our team is well suited to them".
The Imaginea vision, brand, relationships, partnerships, and intellectual capital will continue under the name Imaginea and the leadership of Suzanne West and Lindsay Goos. Imaginea continues to be excited about creating a new industry of Clean Hydrocarbons (producing with zero emissions, zero pollution and zero use of fresh water). Suzanne West, CEO of Imaginea stated, "We are very excited about the opportunities this pivot and freedom allows us".
SOURCE Imaginea Energy Corp.