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Three directors resign from New World Oil and Gas

New World Oil and GasNew World Oil and Gas, an energy company, announced that Christopher Einchcomb, Stephen Polakoff and Georges Sztyk have resigned as directors.

Mr. Einchcomb was educated in the UK and graduated from Newcastle University with an BSc Honors in Geophysics and Planetary Science in 1982.

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Mr. Einchcomb started his career in Aberdeen and spent time working onshore and offshore UK and Norway before working on Alaska for BP.

Thereafter followed roles in the North Sea, Venezuela and Vietnam. Between 1997 and 2006 he played a leading role in BP's access and Joint Venture with Rosneft in Sakhalin.

Between 2006-2008 Mr. Einchcomb was Vice President for Exploration in TNK-BP and between 2008-2011 was Executive Vice President of Integra's seismic business.

In 2011 he rejoined TNK-BP as Vice President for International Projects and Exploration with responsibility for TNK-BP's assets in Vietnam, Venezuela and Brazil and its global exploration program.

Before the acquisition of TNK-BP by Rosneft Mr. Einchcomb was Senior Vice President for Exploration and is now Deputy Chief Geologist at Rosneft overseeing Rosneft International Projects and expansion.

Mr. Polakoff is general counsel of the FourWinds Group of Companies. Previously he was general counsel and director of Integra Group and he was the head of the Moscow legal department at Deutsche Bank responsible for activities in Russia, Kazakhstan and Ukraine.

Mr. Polakoff was formerly a senior associate with the law firm Clifford Chance in its New York and Moscow offices where. He is an independent director of private equity and hedge funds as well as a small cap oil company listed in Canada.

Mr. Sztyk has over 40 years experience in the industry and is a founder and Executive Director of the Company, with responsibility for overall financial control. After a 23-year career with Shell Canada, he embarked on an international Exploration & Production career.

Beginning with Kyrgyzstan in 1997, Mr. Sztyk was instrumental in the establishment of an operating company, Kyrgyz Petroleum Co. From 2003 to 2005, he was involved in the creation of Victoria Oil & Gas Plc, which was involved in Exploration & Production in both Kazakhstan and Russia.

From 2006 to 2009, Mr. Sztyk worked in Cameroon, establishing operations for Rodeo Development Ltd., now operating as Gaz du Cameroun.




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