VANCOUVER, British Columbia, April 30, 2018 (GLOBE NEWSWIRE) -- Stamper Oil & Gas Corp. (TSX-V:STMP) (FSE:TMP2) (OTCQB:STMGF) (“Stamper” or “the Company”) today announces the resignation of Lutfur Rahman Khan as a Director and Chairman of the Board of Stamper effective immediately. At this time the Company will remain with a vacancy on the board until a suitable replacement is found.
The Company would like to thank Mr. Khan for his many years of service and for his sound advice that he brought to the Board over the years, specifically on assisting with the Company's prospects in Sudan. The Company wishes him the best of success in his numerous business ventures for many years to come.
Mr. Khan will continue to pursue opportunities with Stamper as Chairman of State Group of Companies for which the State Oil Corporation may farm-in up to a 50% interest pursuant to the Memorandum of Understanding (“MOU”) with the Sudan operator on Block 25. State will continue work on Sudan and to identify additional oil concessions.
David Greenway, Chief Executive Officer of Stamper Oil & Gas, said, "I, along with all my fellow board members and management of the Company, thank Lutfur for his guidance and dedication to the Company and the many important contributions he has made to Stamper. On behalf of the Company, I thank Lutfur for his contributions and wish him all the best in his future endeavors."
About Stamper Oil and Gas
Stamper Oil and Gas Corp. (TSX-V:STMP) is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Africa. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
For further information on Stamper Oil and Gas please visit www.stamperoilandgas.com
ON BEHALF OF THE BOARD OF DIRECTORS
“David C. Greenway”
President & Director
For further information, please contact:
Stamper Investor Relations
Phone: (604) 684-2401
Email: info@stamperoilandgas.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.