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Press Release Tulip Oil Holding BV 3 of December, 2020
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Press Release Tulip Oil Holding BV 3 of December, 2020

Press Release Tulip Oil Holding BV 3 of December, 2020

Tulip Oil Notification
Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) announces that Mr. Leo Koot, the
current Non-Executive Chairman of Tulip will become Executive Chairman of Tulip Oil with
immediate effect….

Download PDF: Tulip Oil Holding BV  Press Release 03 December 2020

Press Release
Tulip Oil Holding BV
3 of December, 2020


 

Tulip Oil Notification

Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) announces that Mr. Leo Koot, the
current Non-Executive Chairman of Tulip will become Executive Chairman of Tulip Oil with
immediate effect.

Mr Koot is a Dutch national with more than 30 years’ experience in the Energy sector. Leo
has a Master’s in Petroleum Engineering and a business accreditation from Harvard Business
School. During his extensive career, he has run oil and energy businesses as well as been an
active board member, including his current role as Senior Independent Non-Executive
Director with Sterling Energy PLC and Bahamas Petroleum Company PLC.
Mr Koot´s global energy experience includes his role as Managing Partner of MENA Gulf
Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA
Iraq) and Managing Director of TAQA UK, where he built the organisation from a few people
to a business of over 2,000 staff and contractors and delivered a mature E&P operating
company that managed 60,000 barrels/day production with US$1.7 billion in annual
revenues.

Leo Koot said “Imad and the team have done an excellent job building Tulip Oil to what it is
today. Q10 was built ahead of schedule and ahead of budget and has been a great story that
has opened up a new way of doing things in the Dutch North Sea. This is exactly what is
needed in a world that is heading towards an energy transition. I am excited to guide the
team to the next level of growth in both the Netherlands and Germany with near term
developments planned in both regions.”

The current CEO, Mr. Imad Mohsen has decided to leave the Company in January in pursuit
of other opportunities. The Company wishes Mr. Mohsen success with his future endeavors
with thanks for the successes he accomplished with Tulip Oil over the last several years.

 

Notes to the Editor:
THIS IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA OR ANY JURISDICTION OR
COUNTRY WHERE SUCH DISTRIBUTION OR USE WOULD BE CONTRARY TO LOCAL LAW
OR REGULATION OR WHICH WOULD REQUIRE ANY REGISTRATION OR LICENSING
WITHIN SUCH JURISDICTION

Tulip Oil Holding B.V. is a privately-held exploration and production operator based in The
Hague. The Company operates assets in both the Netherlands and in Germany and is owned
by funds advised by GNRI, management and staff.

Contact Details:
Email: info@tulipoil.com
Telephone: + 31707470300

Forward-looking Statements
Certain statements included in this announcement contain forward-looking information. By
their nature, forward-looking statements involve uncertainty because they depend on future
circumstances, and relate to events, not all of which are within Tulip Oil’s control or can be
predicted by Tulip Oil. Although Tulip Oil believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. Actual results could differ materially from
those set out in the forward-looking statements. Any forward-looking statements made
herein by or on behalf of Tulip Oil speak only as of the date they are made and Tulip Oil
expressly disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this announcement to reflect any
changes in its expectations with regard thereto or any changes in events, conditions or
circumstances on which any such statement is based.