Horn Petroleum Corporation is pleased to announce that effective May 1, 2013, Mr. Mark Dingley joined the Company as Chief Operating Officer. Mr. Dingley has also been appointed President of Africa Oil Ethiopia B.V., a subsidiary of Africa Oil Corp. ("Africa Oil"). Africa Oil holds an approximate 45% equity interest in Horn and provides the management of the business. Mr. Dingley will be based out of Africa Oil's Addis Ababa office.
Mr. Dingley has 14 years of oil industry experience including 12 years with Talisman Energy Inc. where he served as Vice President, Middle East Operations as well as General Manager, Peru; Manager, Corporate Security & Surface Risk; and Manager, Government Affairs & Deputy General Manager, Sudan. Prior to entering the oil industry Mark spent 4 years working in the mining industry in various locations through Africa and he also served in the British Military for 12 years. His education includes both Bachelors and Masters degrees in Law from Canterbury, UK and he has also completed an Executive MBA at Harvard Business School. Mark was born and educated in Kenya.
Mr. Keith Hill, Chairman of Horn, commented, "We are very pleased to have been able to attract Mark to our organization and his skill set will be of great benefit to the Company as we move to conduct further operations in Somalia. Mark has extensive experience and knowledge throughout Africa which will assist us as we look to expand our operations in the region."
The Company also announces that it has granted an aggregate of 200,000 incentive stock options to certain officers, directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.19 per share.
