February 5, 2014 / ACCESSWIRE / Vancouver, British Columbia / Jagercor Energy Corp. (JEM:CSE) ( the “Company” or “Jagercor”) wishes to announce that Mr. Edgardo Russo is joining the Company’s Board of Directors and has also been appointedas Jagercor’s new President and CEO. Mr. Karl Antonius has resigned as the Company’s President and CEO.
Mr. Russo will dramatically enhance the company's ability to aggressively advance Jagercor on a number of strategic fronts.He brings 20 years of experience in the oil and gas industry in Argentina, mainly in YPF SA, largest integrated oil company of Argentina, and most recently working as Field Development manager for Baker Hughes.
His previous roles include General Manager of YPF SP, a drilling company owned by YPF Argentina, leading more than 500 employees in operating 15 Rigs including full responsibility and duties involving operation, safety, engineering, purchasing and finance, as well as reporting to the board of directors of YPF SA.
Most importantly, Mr. Russo brings deep local expertise in production, labor relations management, detailed knowledge of Argentina's oil basins, and a full book of relationships throughout the industry in Argentina and throughout Latin America
This experience makes Edgardo a valuable addition to the team, and coupled with Matias Bullrich, who just joined our board with 25 years in Wall Street finance, this formidable group continues to grow. Karl Antonius will remain on the Board of Directors to continue assisting Jagercor in its expansion.
Argentina presents today extraordinary opportunities in the Energy Sector, as recent changes in government policies show improving conditions for Production Management and Field Development. These favorable policies were enacted in order to increase production levels and thereby reduce energy imports. The country has a large portfolio of energy assets with additional development opportunities at the present time, where companies committed to investing sustainably long term; can put those opportunities to work and start contributing positively and in a socially responsible way; in order to help achieve energy sovereignty.
On behalf of the Board of Directors
President & CEO
For further information, please contact:
Contact Name: Karl Antonius at 604.218.9434
We seek Safe Harbor.