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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
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.
About Emperor Emperor Oil is an international oil and gas exploration and development company.