Decklar Announces Appointment of New Chief Executive Officer
September 15 2022 - 6:00AM
Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE:
A1U1) (
the “Company” or “Decklar”) is
pleased to announce the appointment of Mr. Oluwasanmi Famuyide to
the role of Chief Executive Officer (“CEO”) of the Company. Mr.
Duncan Blount has stepped down as CEO but will remain on Decklar’s
Board of Directors as an independent non-executive director.
Appointment of New Chief Executive Officer
Decklar is pleased to announce the appointment
of Mr. Oluwasanmi “Sanmi” Famuyide as CEO of the Company.
Mr. Famuyide has over
20 years of experience structuring and executing on oil, gas and
infrastructure transactions across Africa. He has worked as
Managing Director of Decklar Petroleum (Nigeria) Limited since its
founding, where he led the asset acquisition transactions resulting
in the Company’s current portfolio of three risk service assets in
Nigeria. Sanmi has performed the role of asset manager and has been
directly involved in and responsible for key stakeholder
engagements. His previous roles include Head of Business
Development at Lekoil Limited, Head of Investment Banking Coverage
at FBN Capital and Head of Oil & Gas – Marginal Fields and
Independents at Guaranty Trust Bank.
Mr. Famuyide has an
MSc in Applied Environmental Economics from the Imperial College
London, and a BSc in Chemical Engineering from the University of
Lagos. Confirmation of Mr. Famuyide’s appointment is subject to
TSX-V approval.
Duncan Blount
to Continue as Director
Mr. Duncan Blount has
stepped down as CEO of Decklar effective immediately and will
continue to serve on Decklar’s board of directors as a
non-executive director. The Company sincerely thanks Mr. Blount for
his important contributions as CEO throughout the early development
of the Company, the acquisition of the Company’s risk service
assets, and inception of the Company’s operations in Nigeria.
Decklar is pleased to retain Duncan as a director. His knowledge
and experience with Decklar’s operations and global oil & gas
markets will continue to be valuable to the Company.
For further information:
Oluwasanmi FamuyideChief Executive Officer Telephone: +234 703
332 2265Email: sanmi@decklarresources.com
David HalpinChief Financial Officer Telephone: +1 403 816
3029Email: david.halpin@decklarresources.com
Investor Relations: info@decklarresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Language
Certain statements made and information
contained herein constitute "forward-looking information" (within
the meaning of applicable Canadian securities legislation. All
statements in this news release, other than statements of
historical facts, are forward-looking statements. Such statements
and information (together, "forward looking statements") relate to
future events or the Company's future performance, business
prospects or opportunities.
All statements other than statements of
historical fact may be forward-looking statements. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect, "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, counterparty risk,
changes in oil prices, results of exploration and development
activities, competition in the oil and gas industry, uninsured
risks, energy transition risks, regulatory changes, defects in
title, availability of materials and equipment, timeliness of
government or other regulatory approvals, actual performance of
facilities, availability of financing on reasonable terms,
availability of third party service providers, equipment and
processes relative to specifications and expectations and
unanticipated environmental impacts on operations. Actual results
may differ materially from those expressed or implied by such
forward-looking statements.
The Company provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
does not assume the obligation to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities
laws.
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