Board changes
Odessa Petroleum Corp OPC
Shares issued 15,013,254 Apr 1 close $1.05
Wed 1 Apr 98 News Release
Mr Peter Tsaparas reports
Dr Charles Kohlhaas has been appointed as president and chief executive
officer. Dr Kohlhaas has also joined the board of directors effective
immediately. This appointment is part of an overall plan to strengthen
management as the company prepares to enter the next planned phase of
exploration and operations.
Dr Kohlhaas has over 30 years experience in the oil and gas industry with
majors and independents in executive, technical, operating and research
roles. He has consulted extensively with financial institutions, foreign
government owned companies, and investor groups. Some of his specific
experience includes: extensive international negotiations with experience
in North and South America, Europe, Mediterranean, Southeast Asia, and the
Middle East; 17 years with major oil companies including Mobil and ARCO; a
founder of Kelt Energy. While with Kelt, Dr Kohlhaas managed an
acquisitions program which purchased 80 million barrels of reserves in less
than one year and positioned the company to go public in London.
Dr Kohlhaas will replace Peter Tsaparas as CEO. Mr Tsaparas will remain as
chairman of the company. For personal reasons Taly Keren has resigned as
interim president and director. George Humphrys, director has also resigned
to more actively pursue his consulting business.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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