Houston American Energy Corp. announced the resignation of James "Jay" Jacobs as Chief Financial Officer, effective July 19, 2013. The company also announced that it would not be renewing the employment agreement of Kenneth Jeffers, and that Mr. Jeffers' position as Senior Vice President of Exploration would terminate on August 13, 2013.
Mr. Jacobs indicated that he had been offered, and accepted, a position as Vice President ? Corporate and Business Development at a larger oil and gas company.
John F. Terwilliger, Chairman and CEO of Houston American Energy, stated, "We are sorry to see Jay leave but excited for him and his new opportunity and wish him well. He has been a valuable member of our team and we will miss him." Mr. Terwilliger added, "While we continue to look at opportunities to continue to utilize Ken's expertise and services, Ken came to Houston American with a focus on our CPO 4 block. With the termination of our interest in the block, we have determined to eliminate that position for the time being. As with Jay, we appreciate Ken's service to the company and wish him well in the future."
Source: http://www.scandoil.com/moxie-bm2/news/houston-american-energy-makes-management-changes.shtml
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