Vanoil Energy Ltd. announced the resignation of Mr. Sam Malin as president, chief executive officer and director of the company effective October 29, 2014. Vanoil announced the appointment of Mr. Don Padgett as interim president and CEO of the company. Mr. Padgett has an extensive investment banking background focused on corporate finance and the restructuring of troubled companies.

Don has served as a director for Vanoil since its inception in December 2009.