C.O. Cyprus Opportunity Energy Public Company Limited Announces Resignation of Directors

CO Cyprus Opportunity Energy PCL is a Cyprus-based company engaged in the search for and the recovery and production of oil and natural gas. Such activities involve the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently drilling and operating the wells that recover and bring the raw oil and natural gas to the surface. The Company develops Operating and Farm-In Agreement with AGR Energy AS. Israel Opportunity - Oil and gas Exploration Ltd, investing in various energy-related projects and more specifically, in the oil and gas exploration sectors in Israel, is the controlling shareholder in the Company through its subsidiary, CO Cyprus Opportunity Oil & Gas Exploration Ltd.