JERSEY, Channel Islands, April 14,
2014 /CNW/ - Horizon Petroleum plc (the "Company")
(TSXV: HPL), announces the results of its annual general meeting of
its shareholders held April 11, 2014,
including:
- re-appointment of Peter
Clutterbuck, Yogeshwar Sharma
and Read Taylor as directors of the Company;
- re-appointment of KPMG LLP, chartered accountants, as auditors
for the ensuing fiscal year;
- the Company's 10% rolling stock option plan was ratified and
approved; and
- the proposed amendment to the Company's Articles was approved,
regarding the appointment of additional directors from time to
time.
Each of the matters was approved by at least 99.9% of the votes
cast. The full text of the matters considered, including the
changes to the Articles, are set out in the Company's information
circular prepared for the AGM, as filed under the Company's profile
on SEDAR at www.sedar.com.
Immediately following the AGM, the directors re-appointed
John Patterson as a director, and
appointed Dr. Charle Gamba as a new
director of the Company.
Dr. Charle A. Gamba, has been the
Chief Executive Officer and President of Canacol Energy Ltd., since
October 2008. Dr. Gamba is a senior executive with almost 20
years working experience in the US and international upstream oil
and gas industry. He has considerable expertise in the
establishment and growth of public oil and gas companies listed on
Canadian stock exchanges. Mr. Gamba served as a Vice President
of Exploration at Occidental Oil & Gas Company from 2001 to
2008. In his seven years with Occidental, he worked in
Ecuador, Qatar, Colombia, and the
United States in a variety of technical management roles. He
started his professional career as a geologist with Imperial Oil in
Calgary in 1994.
Charle holds a PhD in Geology from the University of Toronto.
Commenting on Dr. Gamba's appointment, Yogeshwar Sharma, the Chairman of Horizon
said:
"We are delighted that Charle has agreed to join our Board at
a time when we are in the process of building the company's
portfolio internationally, with an initial focus on projects
with proven reserves and significant production
potential. Charle has a proven track record of
delivering results in a competitive industry and we are confident
that his experience and leadership qualities will ensure that we
are successful in implementing our long term objectives"
ON BEHALF OF HORIZON PETROLEUM PLC
Peter
Clutterbuck,
President and Chief Executive
Officer
Neither the 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 Horizon Petroleum PLC