Cheetah Oil and Gas Ltd., through its 10-percent stake in an 8.3-million-acre Papua, New Guinea resource prospect, is involved in oil and gas exploration. Beginning July 29th, Robert McAllister became the new president and CEO, while current board member Georgina Martin was appointed CFO.
Those changes were accompanied by the resignation of former company officers David Martin, Ian McKinnon and Dean Swanberg. The three men concurrently cited a desire to explore other business opportunities as their reason for leaving.
New CEO Robert McAllister seemed enthusiastic about taking the reins, stating: “I am excited about working with all the stakeholders of COGL. As such I am committed to rebuilding shareholder value from day one.”
Cheetah assures shareholders that they can expect frequent updates on the progress of the company’s interests in New Guinea. In addition, continued efforts are being made toward finding other lucrative oil and gas opportunities in other regions.
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