New Board Member Announced7 Nov 2023 07:07
COPL Announces Board Changes
London, United Kingdom; Calgary, Canada: November 7, 2023 - Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company, with operations focused in Converse and Natrona Counties, Wyoming, USA, announces changes to its Board of Directors (the "Board").
The Company is pleased to announce, Mr. Atul Gupta has been appointed as a Non-Executive Director effective 2nd November, 2023. Mr. Gupta will assume the role of chairman of the Nomination committee and the Reserves committee and will sit on the Audit committee. He will serve until his re-election at the Company's Annual and Special Meeting in 2024.
Mr. Gupta is a petroleum engineer with over 40 years of experience in the oil and gas sector. Mr. Gupta has been Executive Chairman for Nostrum Oil & Gas Plc, Chairman for Seven Energy International Ltd., Managing Director at Hindustan Oil Exploration Co., Ltd., Principal at Petrofina SA, Principal at Charterhouse Petroleum Plc, Chief Executive Officer of Burren Energy Plc and Principal at Monument LLC. Mr. Gupta has a degree in Chemical Engineering from the University of Cambridge and a degree in Petroleum Engineering from Heriot-Watt University.
COPL also announces that Mr. Robert Chenery has stepped down from his role as director after 19 months on the Board. The Company wishes to thank Mr. Chenery for his service and contribution to the Company.
Thomas Richardson, Chairman, commented: "I am delighted that Atul has agreed to join the Board. He brings very valuable experience across multiple skill sets including reservoir engineering. Understanding the dynamic nature of the BFU reservoir has been our biggest challenge to date. I am very grateful to Bob for all his time and work on the Board."
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