InvestorsHub Logo
Followers 645
Posts 10641
Boards Moderated 2
Alias Born 03/07/2015

Re: CashCowMoo post# 1889

Thursday, 08/25/2022 11:03:42 AM

Thursday, August 25, 2022 11:03:42 AM

Post# of 1981
Its really about 100% preserved SS, filing, no debt, AND TONS OF PATENTS. The management shuffle (see recent news) is aimed at patent (esp. paraffin technol.) implications.

Wentworth “Buck” Eaton Joins Skye Petroleum as New CEO SUGAR LAND, TX, July 1, 2022- Skye Petroleum, Inc. (Pink Sheets: SKPO) is pleased to announce that Wentworth “Buck” Eaton has joined Skye Petroleum, Inc. as its new CEO and
Board Member. Gary Merritt has retired from his daily functions as CEO, but will remain as Chairman of the Board of Directors for Skye Petroleum, Inc. and becomes Chief Operations Officer.
Wentworth Eaton was an original co-founder of Skye Petroleum, Inc. in 2009 after the company re-established and reorganized to expand into the chemical segment of the oil industry. Before joining Skye as COO in 2009, he worked 16 years in the financial industry. He used that experience to reorganize Skye to the current capital structure with no debt. Additionally, as COO, he oversaw sales increase from zero to over $800,000 plus established distributor and blender relationships. He has worked as a Consultant for Skye Petroleum since resigning as an officer in February 2015.
Gary Merritt and Jon Laria, CFO and long standing Board Member, have kept the company debt free and prevented the company from sliding into bankruptcy like so many small oil industry companies did in 2015 after the oil markets crashed in 2014.
Buck says, “Skye Petroleum has great untapped potential. We began to see that potential materialize in 2014 before the oil markets crashed. Like others, we had to consolidate, but we are now ready to launch forward into a new season of growth with our paraffin destroying technologies.”