Incremental Oil and Gas Limited advised that Chris Cronin has decided to retire as Chairman of the Board to pursue his private interests. Chris was a founding Board member of the company and has made a significant contribution to the company. Mark Stowel has been elected by the Directors as Chairman of the Board.

Mark is also a founding Director of the company, and has considerable corporate and industry experience, including as a founder and extensive involvement with the team in the formation and operation of Incremental Petroleum Ltd. up to its eventual takeover in 2009. Marks' other Board roles include: Non-executive Director of Mawson West Ltd. (TSX), Non-executive Director of Kula Gold Ltd. (ASX), Chairman of Or ex Resources Ltd. (ASX).