CALGARY, ALBERTA -- (Marketwire) -- 02/09/12 -- GeoGlobal Resources Inc. ("GeoGlobal" or the "Company") (NYSE Amex: GGR) announced today that Mr. Jean Paul Roy has resigned from the Company's Board of Directors effective February 10, 2012.
Mr. Roy will continue to advise the Company as required. He continues to control Roy Group Mauritius ("RGM") which owns 50% of the KG Offshore asset. RGM will continue to support GeoGlobal Resources (India) Ltd., as a technical partner.
Mr. Roy's decision reflects a desire to spend more time with his family after 10 years of service. Mr. Roy felt this was an appropriate time for him to step aside, as new management is in a good position to continue to lead the Company toward a very promising future.
"I would like to take this opportunity to thank Mr. Roy with our deepest gratitude and to acknowledge the invaluable contribution he has made to the Company," said Mr. David Conklin, Chairman of the Board. "Mr. Roy was a co-founder of the Company and his dedication and contribution over the years will not be forgotten. We wish him well in his future endeavors."
About GeoGlobal
GeoGlobal Resources Inc., headquartered in Calgary, Alberta, Canada, is a U.S. publicly traded oil and gas company, which, through its subsidiaries, is engaged in the pursuit of petroleum and natural gas in high potential exploration targets through exploration and development in India, Israel and Colombia.
Cautionary Statement For Purposes Of The "Safe Harbor" Provisions Of The Private Securities Litigation Reform Act Of 1995
This press release may contain statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of GeoGlobal Resources Inc., its directors, or its officers with respect to the oil and gas exploration, development and drilling activities being conducted and intended to be conducted and the outcome of those activities on the exploration blocks in which the Company has an interest. The company updates forward-looking information related to operations, production and capital spending on a quarterly basis and updates reserves, if any, on an annual basis.
We caution you that various risk factors accompany our forward-looking statements and are described, among other places, under the caption "Risk Factors" in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans. If our plans fail to materialize, your investment will be in jeopardy.
An investment in shares of our common stock involves a high degree of risk. Our periodic reports we file with the Securities and Exchange Commission and Canadian provincial authorities may be viewed at http://www.sec.gov and www.sedar.com.
Contacts:
GeoGlobal Resources Inc.
Paul B. Miller
President and CEO
+1 403 777-9250
info@geoglobal.com
GeoGlobal Resources Inc.
Carla Boland
Investor Relations and Corporate Affairs
+1 403 777-9250
info@geoglobal.com
www.geoglobal.com
The Equicom Group
Dave Feick
Managing Director, Western Canada
+1 403 218-2839
dfeick@equicomgroup.com
KM Investor Relations Ltd.
Moran Meir-Beres
+011 972-3-5167620
moran@km-ir.co.il
www.km-ir.co.il
BPC Financial Marketing
John Baldissera
+1 800-368-1217
