Park Place Energy Inc. (OTCMKTS:PKPL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
Appointment of Director & Officer
Effective December 31, 2018, Dr. Barry Wood was appointed to serve as a director on the Board of Directors of Park Place Energy Inc.(“we”, “us”, “our”, the “Company”). Dr. Wood’s joins incumbent directors Arthur Halleran and David Thompson, increasing the number of directors on the Board to three. Concurrently, David Thompson assumed the title of Corporate Secretary of the Company in addition to his roles as Chief Financial Officer and Director.
Dr. Barry Wood – Director – Age 71
From 2008 to the present Dr. Wood has been an Independent Exploration Advisor, having assisted companies such as Dana Gas, NPC, Sea Dragon, Maurel et Prom and others, establishing new offices, reviewing and recommending new opportunities, preparing contracts and managing G&G programs. From August, 2012 to 2015 Dr. Wood was an Advisor, Exploration, to NPC (Egypt). From 2008 to August 2012 Dr. Wood was an Advisor, Exploration, to Sea Dragon Energy in Egypt. From 2006 to 2007 Dr. Wood was Country Manager for Maurel et Prom, based in Dar es Salaam, Tanzania. From 2001to the present, Dr. Wood founded PetroQuest International Ltd. and advised to them in regards to new exploration fairways in Tanzania, Syria and Egypt. From 1997 to 2001 Dr. Wood was employed at Oxford University Research in regards to Reservoir & Structural Development through Lithospheric Folding. From 1993 to 1997 Dr. Wood was the Exploration Manager for Marathon International Oil Company, based in Cairo, Egypt. From 1989 to 1993 Dr. Wood was the Exploration and General Manager for Marathon International Oil Company, based in Damascus, Syria. From 1985 to 1989 Dr. Wood was the Area Manager, New Ventures, for Marathon International Oil Company, in the areas of Europe, N. & E. Africa, Middle East, based in London and Houston. From 1981 to 1985 Dr. Wood was an Advanced Senior Geologist with Marathon International Oil in Singapore. From 1980 to 1981 Dr. Wood was with Asamera Oil Ltd., Jakarta, Indonesia as a Senior Geologist (N. Sumatra evaluation); from 1978 to 1980 Oasis Oil Company of Libya, Tripoli, Libya as a Senior Geologist (Sirte Basin Evaluation); from 1976 to 1978 Pembina Pipeline, Calgary, Alberta as an Exploration Geologist, Western Canada Basin; and from 1972 to 1976 was with Shell Canada, Calgary, Alberta as a New Ventures Exploration Geologist (Canadian Frontier).
There have been no transactions between our Company and Barry Wood since our last fiscal year which would be required to be reported herein. There are no family relationships among our directors or executive officers.
Filing of Preliminary Prospectus
On January 11, 2019 we filed a preliminary non-offering prospectus with the British Columbia Securities Commission (“BCSC”). The prospectus is being filed in accordance with the provisions of Canadian National Instrument 41-101 – General Prospectus Requirements to qualify the distribution of our common shares in Canada. No new securities are being registered for offer. Concurrently with the filing, the Corporation is making an application to list the Corporation’s common shares on the Canadian Securities Exchange. The listing is subject to a number of conditions, including the filing of, and acceptance by, a final non-offering prospectus with the BCSC, and acceptance and approval by the Canadian Securities Exchange.
News Release
On January 15, 2019 the Company issued a news release announcing the filing of its preliminary prospectus with the BCSC, and the appointment of Dr. Barry Wood to the Board of Directors.
Park Place Energy Inc. Exhibit
EX-7.01 2 ex7-01.htm NEWS RELEASE PARK PLACE ENERGY INC. Park Place Energy Announces Filing of Preliminary Canadian Prospectus,…
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About Park Place Energy Inc. (OTCMKTS:PKPL)
Park Place Energy Inc. is an energy company. The Company is engaged in exploration for oil and natural gas, primarily in the Dobrich region of northeast Bulgaria. The Company’s Vranino project is situated in close proximity to a gas pipeline in northeast Bulgaria. The Company intends to initially drill approximately five exploration wells. The Company’s oil and gas properties are located in Bulgaria. The Company has not generated any revenues.