Appointment of Interim Non-executive Director

Sacgasco Limited (ASX: $SGC) has appointed Mr David McArthur as an interim Non-executive Director following the resignation of Mr Andrew Childs. Mr McArthur, a Chartered Accountant with over 30 years' experience in the accounting profession, will serve as the interim Non-executive Director while the Company seeks appointment of a Non-executive Chair.

Executive Commentary

Mr David McArthur's appointment as an interim Non-executive Director brings a wealth of experience in the accounting profession and corporate management to Sacgasco Limited. His extensive background in capital raisings, company re-organisations, mergers and takeovers, and asset acquisitions by public companies will be invaluable to the Company during this transitional period.

Summary

Sacgasco Limited (ASX: $SGC) has appointed Mr David McArthur as an interim Non-executive Director following the resignation of Mr Andrew Childs. Mr McArthur, with over 30 years' experience in the accounting profession, will bring his expertise in capital raisings, company re-organisations, and mergers and takeovers to the Company. Sacgasco is currently focused on conventional oil and gas exploration and production in the Sacramento Basin in California and the Alberta Province in Canada, targeting supply to local markets and the burgeoning Asian market. The Company is also evaluating acquisition and sales of oil and gas producing and exploration assets to enhance its strategic needs.