Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with
activities in Albania and the United Arab Emirates, today appointed
Tobias Gondorf Interim Chief Executive Officer of the company effective
December 1, 2011. Mr. Gondorf will succeed Karim Jobanputra, who will
continue on the Board of Directors.
Mr. Gondorf has more than 16 years of investment banking experience and
most recently as a partner and director with Fortes Capital/ETDDM
Corporation, which works with private and institutional investors on
investment opportunities requiring up to USD 200 million in equity.
Prior experience included Clayton, Dubilier & Rice, a private equity
firm, where Tobias was a member of the investment team as well as
advising the management teams of various portfolio companies on
financial, operational and strategic matters. Tobias began his career
with GE Capital in business development in Europe and North America,
where he was involved in a significant number of acquisitions and
investments for various GE Capital businesses in Europe, North America
and Asia. Tobias is a German national and holds degrees from the WHU
Otto Beisheim School of Management in Germany, Keio Graduate Business
School in Japan and ESSEC in France.
"The appointment of Tobias brings Sky Petroleum a seasoned global
executive with the expertise to execute our business plan," stated Karim
Jobanputra, Sky Petroleum's current CEO and president. "I look forward
to focusing my energies on growth opportunities as well as enhancing
About Sky Petroleum
Sky Petroleum (OTCBB: SKPI) is an oil and gas exploration company. Sky
Petroleum's primary focus is to seek opportunities where discoveries can
be appraised rapidly, and developments can be advanced either by
accessing existing infrastructure, or by applying the extensive
experience of established joint-venture partners. In addition, the
company also plans some higher risk, higher reward exploration
prospects. For additional information please visit www.skypetroleum.com.
Except for historical information, the matters set forth herein, which
are forward-looking statements, including statements related to
anticipated plans, prospects and projections, involve certain risks and
uncertainties that could cause actual results to differ. Potential risks
and uncertainties include, but are not limited to, the competitive
environment within the oil and gas industry, the accuracy of historical
data, risks related to geologic interpretation, extent and cost
effectiveness with which Sky Petroleum is able to implement exploration
and development programs in the oil and gas industry, political and
regulatory risks, and the market acceptance and successful technical and
economic implementation of Sky Petroleum's intended plan. Information
contained in this press release is presented for informational purposes
and are not intended to be included in the Company's SEC filings.
Additional discussion of these and other risk factors affecting the
company's business and prospects is contained in the company's periodic
filings with the SEC.