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Calima Energy adds financial experience to board with appointment of Mark Freeman

Last updated: 19:29 22 Jun 2021 EDT, First published: 19:22 22 Jun 2021 EDT

Calima Energy Ltd -
Calima completed a merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer.

Calima Energy Ltd (ASX:CE1) (OTCMKTS:RLTOF) (FRA:R1Y) has added debt and equity market, mergers and acquisitions, joint venture management and operational experience to its executive team with the appointment of Mark Freeman as finance director.

Freeman is a chartered accountant with worldwide experience in the energy and resources sector, having worked in Africa, North and South America, Asia and Australia as well as with Calima Assets for the last six years.

Reflection of commitment and dedication

Speaking to the appointment, chairman Glenn Whiddon said: “Mark has been an integral part of the Calima team over the past few years, working closely with both Alan and myself and is well known to many.

“Mark's appointment to the board is a reflection of his commitment and dedication to the company over the years, but more importantly, his experience and expertise as a senior finance executive in the oil and gas sector.

“He was integral in the acquisition of Blackspur Oil Corp and the recent financing and will be a key member of the executive team going forward.”

Further board changes

As part of the board changes, Alan Stein stepped off the board on June 22.

Calima says the company is grateful for Stein’s contributions and leadership and wishes him well in his future endeavours.

Whiddon continued: “Stein was managing director of Calima from 2017 to 2020 shepherding in the Montney Assets and the generation of the 2 Tcfe resource.

“Under his leadership, the company built and drilled three industry-leading wells in the Montney and with the current Montney consolidation the fundamental value of our acreage position will be realized.

“Stein will continue to be available to the company as a consultant and we look forward to continuing our relationship.”

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