CALGARY, Oct. 7, 2013 /CNW/ - Stream Oil & Gas Ltd.
(TSX-V: SKO) ("Stream" or the "Company") announces that
James Hodgson has resigned as Chief
Financial Officer of the Company effective September 30, 2013 to pursue other
interests. With his resignation, he has also stepped down as
a Director on the Board of Directors and as Corporate
Secretary. During his tenure, Mr. Hodgson was successful in
arranging over US$40 million in
financing, which permitted Stream to invest in its development
plans to increase production.
"I would like to sincerely thank Jim for his
contribution to Stream," said Dr. Sotirios
Kapotas, President and Chief Executive Officer. "His
financial acumen and leadership were instrumental in the Company's
financial development and improvement of our financial systems over
the last few years. On behalf of the Board and Stream, I wish
Jim the very best in his future endeavours."
Mr. Paul Plater,
Vice President, Finance and Corporate Controller, has been
appointed as interim Chief Financial Officer of Stream. Mr. Plater
has held his role as VP, Finance and Corporate Controller since
January 2013 and has consulted to
Stream through Plater Financial Consulting Ltd. since 2009.
He has had experience consulting in a CFO capacity to other
Calgary and Vancouver-based public companies in the energy
and investment sectors since 2006. His career encompasses
working at both Ernst and Young and Deloitte and Touche (where he
was lastly a Senior Manager in the Deloitte Mining Group), being
CFO of a Vancouver-based retail
chain, and a position at the BC Securities Commission. Mr.
Plater holds C.A. and C.P.A. (Illinois) designations.
Ms. Susan
Soprovich has been appointed as interim Corporate Secretary
for the Company. She is the Principal of Phoenix Strategies,
which provides strategic counsel to companies in both the public
and private sectors. In her career, Ms. Soprovich held senior
roles encompassing finance, investor/public relations and corporate
governance for companies of varying market capitalizations both
within and outside of the petroleum industry. Previously, she
held senior executive positions at Compton Petroleum Corporation
and at Bankers Petroleum Ltd. where she was responsible for the
strategic direction of those companies' international investor and
public relations, communications and regulatory activities. In
addition, she has managed several corporate transactions including
restructuring, refinancing, corporate splits, and mergers and
acquisitions. Ms. Soprovich holds a C.M.A. designation.
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About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based
emerging oil and gas production, development and exploration
company focused on the re-activation and re-development of three
oilfields and a gas/condensate field in Albania. The Company's strategy is to use
proven technology, incremental and enhanced oil recovery techniques
to significantly increase production and reserves.
Neither 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 Stream Oil & Gas Ltd.