Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with
activities in Albania and the United Arab Emirates, is pleased to
announce the appointment of Mark Rachovides to its Board of Directors.
Mr. Rachovides is currently the Chairman of Deva Gold in Romania and is
a well-known specialist in Eastern Europe and the Former Soviet Union
('FSU?) region. Mark served for over 11 years at the European Bank for
Reconstruction and Development ('EBRD?). He is a member of Euromines
Board and the Chairman of the Euromines Gold Group. Euromines is
recognized as the representative body of the European metals and
minerals mining industry. Previously he was Executive Vice President and
Director of European Goldfields, a Gold Mining company listed in London
and Toronto, as well as Vice President, Europe at Dundee Resources
Limited.
Mark has been involved in a wide variety of projects in Eastern Europe
and the FSU. He was also a director of Uzhuralzoloto, one of Russia′s
largest gold producers until recently and remains on the Board of
Eurogas International, a company developing oil and gas projects in
Tunisia. He has been involved with a number of public companies and
natural resource projects in the region both as a company director and a
financier. He has also written a number of articles and conference
presentations for Euromines, the LBMA, the World Gold Council, PDAC, the
Mining Journal, the Russia-Canada mining group and other bodies.
'We are very pleased to have Mark join Sky Petroleum′s Board,? said
Karim Jobanputra, Sky Petroleum′s chairman. 'He is an experienced global
executive, and his knowledge and skill in Europe will be invaluable to
Sky Petroleum.?
About Sky Petroleum
Sky Petroleum (OTCBB: SKPI) is an oil and gas exploration company. Sky
Petroleum's primary focus is to seek opportunities where discoveries can
be appraised rapidly, and developments can be advanced either by
accessing existing infrastructure, or by applying the extensive
experience of established joint-venture partners. In addition, the
company also plans some higher risk, higher reward exploration
prospects. For additional information please visit
Except for historical information, the matters set forth herein, which
are forward-looking statements, involve certain risks and uncertainties
that could cause actual results to differ. Potential risks and
uncertainties include, but are not limited to, the competitive
environment within the oil and gas industry, the extent and cost
effectiveness with which Sky Petroleum is able to implement exploration
and development programs in the oil and gas industry, obtaining drilling
equipment on a timely fashion, commodity price risk, and the market
acceptance and successful technical and economic implementation of Sky
Petroleum's intended plan. Additional discussion of these and other risk
factors affecting the company's business and prospects is contained in
the company's periodic filings with the SEC.
