Stream O&G announced the appointment of James Hodgson to the position of Chief Financial Officer. Mr. Hodgson is based in Calgary and is a Director of the Company. He has over 30 years of oil and gas experience with extensive expertise in strategy, financial management, petroleum marketing and business planning. Until recently Mr. Hodgson was the CEO of United Oil Projects in Kuwait and has held senior management and executive positions with Kuwait Foreign Petroleum Exploration Company, Qatar Petroleum, PanCanadian Petroleum (Encana) and Esso (Exxon) Canada.
Mr. Hodgson received his MBA (Finance) from the University of Toronto and has a M.Sc. (Finance) from the University of Leicester in England. He is a member of the Association of International Petroleum Negotiators and the Society of Petroleum Engineers.
The Board thanks outgoing CFO, Danny Davis for his contribution to the Company and wishes him success in his future endeavors.
Effective May 31, 2010, the Company's head office will move from Vancouver to Calgary, the center of the oil and gas industry in Canada.
Dr. Sotirios Kapotas, Stream's CEO said, "Stream's new Calgary office brings together our operational, finance and corporate management teams. Office costs will be reduced and the Company will be able to more efficiently focus on its development plans."
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