ARPETROL LTD V.RPT

Man of the hour

[TheRock07]

ABDEL F. BADWI

INTERIM CHIEF EXECUTIVE OFFICER

 

Abdel Badwi is an international energy executive and professional geologist with more than 35 years experience in the exploration, development and production of oil and gas fields in North America, Latin America, Europe, Asia and the Middle East. Mr. Badwi has been a director of ArPetrol since its inception. He is currently President & CEO of Bankers Petroleum Ltd., an oil & gas company with heavy oil operations in Albania. Previously, he served as President & CEO of Rally Energy Ltd. which had heavy oil operations in Egypt and other assets in Pakistan and Canada, and which was sold in 2007. He has been an officer and director of several Canadian public and private companies and is currently a director of Bankers Petroleum Ltd., Valeura Energy Inc. and ArPetrol.

[TheRock07]

Absolutely superb CV as do most of the BOD and tons of blue chip international expertise . We are several months overdue on the new reserves update. At the end of 2012, the 2P reserves discounted 10 % and after tax, was worth $87 million. We are now three weeks later than 2013 in the release of our 2013 annual financials ( but still well within the 120 day limit). Is this merely temporal