Bloomberg: Paco Oil and Gas Inc. Appoints New Company President -- Moves Corporate Head Offices
HOUSTON, TX -- (MARKET WIRE) -- 02/18/09 -- Paco Oil and Gas Inc. (PINKSHEETS: POGC) (FRANKFURT: 4IP) -- as part of the corporation's recent amalgamation and re-organization the board of directors have appointed Mr. Frank Snortheim as Paco Integrated Energy's new president. Mr. Snortheim holds a M.Sc. Finance from Copenhagen Business School and further executive education from INSEAD, Fontainebleau, France. In addition, the newly appointed company president brings an experienced background in energy, technology, venture capital and investment banking with major financial institutions here and abroad.
The company will also utilize outside technical and financial consultants to assist management reviewing potential investment and divestment opportunities to control costs.
Paco Oil and Gas Inc. also announced the relocation of its head office to Houston, Texas.
17 South Briar Hollow Lane
Houston, Texas
77027
Office : 281-818-3450
European Offices: 11 45 204 19750
Management has begun the process of changing the company name to Paco Integrated Energy Inc. and expects to have this process completed by early March 2009.
