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.
