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EX-10.1 - JACOBSON CFO EMPLOYMENT AGREEMENT - Amazing Energy Oil & Gas, Co. | exhibit_10-1.htm |
8-K - AMAZING ENERGY OIL AND GAS, CO. 8-K - Amazing Energy Oil & Gas, Co. | amaz_8k-17892.htm |
EXHIBIT 99.1
Amazing Energy Welcomes Incoming CFO Benjamin Jacobson, III
Announces Resignation of Marty Dobbins
PLANO, Texas / February 13, 2020 -- Amazing Energy Oil and
Gas Co. (OTC:
AMAZ) (“Amazing”,
“Amazing Energy”, or “the Company”), today
announced that the Company has contracted with Benjamin Jacobson
III as its new CFO upon the departure of Marty Dobbins who resigned
for personal reasons. Mr. Jacobson will assume all corporate
responsibilities previously held by Mr.
Dobbins.
“We are excited that Ben has joined Amazing Energy as its new
CFO,” stated Will McAndrew, III, the Company’s Chief
Executive Officer. “He brings tremendous experience and a
proven track record of financial and corporate success. He will
help align our capital structure to optimize the value of our
considerable oil and gas and field service assets.
“I would also like to personally thank Marty for his
contributions to Amazing,” continued McAndrew. “His
knowledge and professionalism will be missed. Over the past year,
we have accomplished several important strategic and financial
milestones positioning us to expand our production base, reserves
and cash flows."
Amazing Energy represents a compelling opportunity,” said Mr.
Jacobson. “The Company’s strong management team and
significant asset base of development opportunities provide a great
platform to improve capital structure and grow enterprise and
equity value. I look forward to working with the team as it
continues to improve the Company’s capital discipline and
grow returns from its asset base.”
Prior to joining Amazing Energy, Mr. Jacobson co-founded ICP, LLC,
a company focused on investing in Exploration and Production
companies targeting acquisition and development of highly
profitable domestic oil fields. ICP was formed to capitalize on
cyclical commodity pricing by acquiring distressed and proven
producing oil assets while creating value through improved
operational and financial efficiencies. Ben also spent time working
as a consultant and capital advisor to a high growth oil and gas
service company focusing on financial structuring and creating exit
strategies. Previously Ben spent over a decade as an alternative
investment manager and Specialist with New York Stock Exchange
Member firm, Benjamin Jacobson & Sons where he was a partner
and subsequently 6 years as Vice President of Goldman Sachs after
its purchase in 2001. He directed the trading operations and risk
management activities while serving a clientele of major global
corporations. Ben holds a Bachelor of Arts degree from the
University of Denver. Ben serves on the staff of his church as well
as certain charitable organizations.
About Amazing Energy Oil and Gas
Amazing
Energy Oil and Gas, Co. is an independent oil and gas exploration
and production company headquartered in Plano, Texas. The
Company’s primary leasehold is in the Permian Basin of West
Texas. The Company controls over 75,000 acres between their rights
in Pecos County, Texas and assets in Lea County, New Mexico, and
Walthall County, Mississippi. The Company primarily engages in the
exploration, development, production and acquisition of oil and
natural gas properties. Amazing Energy’s operations are
currently focused in the Permian Basin and Gulf Coast regions. More
information may be found on Amazing Energy's website
at www.amazingenergy.com.
Notice Regarding Forward-Looking Statements
This
news release contains forward-looking information including
statements that include the words "believes," "expects,"
"anticipate," or similar expressions. Such forward
looking-statements involve known and unknown risks, uncertainties,
and other factors that may cause the actual results, performance or
achievements of the company to differ materially from those
expressed or implied by such forward-looking statements. In
addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof. Information concerning
these and other factors can be found in the Company's filings with
the SEC, including its Forms 10-K, 10-Q, and 8-K, which can be
obtained on the SEC's website at http://www.sec.gov.
Investor Relations Contact
Derek
Gradwell
Investor
Relations
Phone:
512-270-6990
Email:
ir@amazingenergy.com
Web:
www.amazingenergy.com