Pyramid Consolidates Houston Offices, CFO Resigns

Pyramid Petroleum Inc. has completed the consolidation of its corporate, operations, accounting and administrative functions in Houston, Texas.

Consequently, Pyramid's CFO, Mansoor Anjum, has resigned from all officer positions with the Company and its subsidiaries. Anjum will continue to sit as a Director on the Board. The Company intends to hire a new CFO within the next 60 to 90 days and has started interviewing suitable candidates. In the interim, Pyramid's CEO is appointed Acting-CFO.

CEO, Acting-CFO Ilyas Chaudhary explained, "Unifying Pyramid's entire operations staff, including corporate accounting, in Houston serves our mission to optimize the Gulf of Mexico assets."


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