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Metawells Oil & Gas Inc. Announces New Board President and Finalization of Acquisition Agreement with South Plains Petroleum Inc.
Metawells Oil & Gas Inc. Announces New Board President and Finalization of Acquisition Agreement with South Plains Petroleum Inc..
About this update from Metawells Oil & Gas Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Metawells Oil & Gas Inc. Announces New Board President and Finalization of Acquisition Agreement with South Plains Petroleum Inc.\r\n \r\n \r\n\r\n\r\nMetawells Oil & Gas Inc. Announces New Board President and Finalization of Acquisition Agreement with South Plains Petroleum Inc.\r\n\r\n\r\n\r\n\r\n\r\nHARRISON, NY - November 4, 2025 (NEWMEDIAWIRE) - Metawells Oil & Gas Inc. (OTC: KOSK), a development-stage energy company, today announced two significant corporate developments: the appointment of Mr. Stefanos Kalogirou as President of the Board of Directors and the successful finalization of its acquisition agreement with South Plains Petroleum Inc. (www.southplainspetroleuminc.com).\r\nEffective November 1, 2025, Mr. Kalogirou succeeds Mr. Ronald Minsky, who has resigned from his position and will continue to serve the Company as a senior advisor and consultant. Mr. Kalogirou brings over two decades of experience in project management and strategic planning, with a track record of leading large-scale projects. He holds a degree from Baruch College, City University of New York.\r\n\"I am honored to join the Board of Directors at this pivotal time,\" said Mr. Kalogirou. \"I look forward to advancing Metawells' strategic roadmap and supporting the Company's growth through disciplined execution and new opportunities.\"\r\nIn parallel, Metawells has finalized its acquisition agreement with South Plains Petroleum Inc., following several months of negotiations and due diligence. South Plains holds multiple properties in the Eastern Permian Basin of Texas and onshore Louisiana near the Gulf Coast, with significant proven oil and gas reserves ready for development.\r\n\"This acquisition marks a transformative step for Metawells,\" added Mr. Kalogirou. \"The integration of South Plains' assets will strengthen our portfolio and accelerate our path toward operational expansion.\"\r\nFurther updates regarding leadership initiatives and the South Plains integration will be provided in subsequent announcements.\r\nAbout Metawells Oil & Gas Inc.Metawells Oil & Gas Inc. (OTC: KOSK) is a development-stage energy company focused on identifying and advancing high-potential oil and gas opportunities across North America. The Company is committed to building shareholder value through strategic acquisitions, dis...