Horizon Petroleum Ltd. announced that at its AGM held on November 7, 2022, the shareholders elected Roger McMechan and Tan Shen Liang as directors of the company. Roger McMechan has over 35 years of diverse experience in managing domestic and international oil and gas operations. He has held senior management positions for Petro Canada and Burlington Resources in North Africa and Canada; was the Executive Vice President and Director of Winstar Resources with operations in Canada, Tunisia, Hungary and Romania; the Chief Executive Officer and Director of Iskandar Energy, a private company that operated in Bulgaria, Georgia, Poland and Ukraine; and more recently was the Technical Director of Block Energy Plc with operations in the country of Georgia.

Mr. McMechan received a BSc in Mechanical Engineering from University of Waterloo. Tan Shern Liang has more than 30 years of experience in both the banking and investment industries. Mr. Tan is the founder and Chief Executive Officer of One Tree Partners, a licensed asset management firm in Singapore.

One Tree Partners is one of the longest established fund management firms in Singapore. Over the years, One Tree Partners has invested in more than USD1 billion worth of mining and commercial real estate deals across the region. Prior to founding One Tree Partners, Mr. Tan held increasingly senior management and executive roles at Citibank, UBS and Goldman Sachs in Singapore.

Mr. Tan graduated with a Bachelor of Business Administration (BBA) degree from the University of Michigan. Mr. Yogeshwar Sharma and Mr. Henry Wilson did not stand for re-election at the meeting. Mr. Sharma was a co-founder of the Company, and Mr. Wilson has served as a Director since 2017.