Eaglewood Energy Appoints McGowan as COO
Eaglewood Energy Inc. reported that Mr. Michael McGowan of New South Wales, Australia, has been appointed COO of Eaglewood.
Mr. McGowan has 22 years of upstream international oil and gas experience with British Petroleum, Santos Ltd. and Oil Search Limited. As the Papua New Guinea ("PNG") Drilling Manager for Oil Search, Mr. McGowan played an important role in Oil Search's growth to become a leading upstream oil and gas producer in PNG.
Mike McGowan said; "I am delighted to be joining Eaglewood at this time. The Company has an exciting exploration portfolio in Papua New Guinea and I am looking forward to working with the Eaglewood team to develop this portfolio into a sustainable business."
Hal Hemmerich, Eaglewood CEO and President, said "We are pleased to welcome Mike McGowan to the management team of Eaglewood and we look forward to drawing on his vast experience in the oil and gas business in Papua New Guinea."
In connection with his appointment, Mr. McGowan has been granted stock options to purchase 400,000 common shares at a price of $0.75 per share for a period of two years, such options vesting as to 50% on January 31, 2009 and the remaining 50% on January 31, 2010. The stock option grant is subject to regulatory approval. Eaglewood has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of stock options to Mr. McGowan. The Corporation has further determined that an exemption from the various requirements of Ontario Securities Commission Rule 61-501 is available as the fair market value of the grant of options is less than 25% of the market capitalization of the Corporation.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension