An unknown third party signed a share purchase agreement to acquire 21.41% stake in C.O. Cyprus Opportunity Energy Public Company Limited (CSE:GAS) from Israel Opportunity - Oil and Gas Exploration Ltd. on March 10, 2020. Upon the completion of all conditions to the share purchase agreement, all three Directors serving on behalf of Israel Opportunity - Oil and Gas Exploration– Rony Halman, Uri Aldubi and Maya Gottdenker-Firon, shall resign from their duties and from the board of directors of C.O. Cyprus Opportunity Energy. The deal is subject to approval of Board of Directors of Israel Opportunity - Oil and Gas Exploration and C.O. Cyprus Opportunity Energy and the waiver of Israel Opportunity Oil and Gas, two Directors serving on its behalf and one service provider of C.O. Cyprus Opportunity Energy, for any debts of C.O. Cyprus Opportunity Energy towards them. As of April 30, 2020, all conditions to the share purchase agreement have been met.