CFO Resigns

Rhea-AI Summary

Shoal Point Energy (CSE: SHP) announced a significant leadership change as Natasha Tsai steps down from her position as Chief Financial Officer, effective April 30, 2025. CEO Mark Jarvis will take on the additional role of Interim CFO.

The Board has accepted Tsai's resignation after her six-year tenure with the company. This Vancouver-based organization's leadership transition takes effect immediately, with Jarvis assuming the interim financial leadership responsibilities alongside his current CEO duties.

Positive

• None.

Negative

• Sudden CFO resignation indicates potential leadership instability
• CEO taking on interim CFO role suggests lack of immediate succession planning

Interim CFO Appointed

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("The Company"), announced today that the Board of the Company has accepted the resignation of Natasha Tsai as Chief Financial Officer of the Company, effective at today's date. Mark Jarvis has accepted the position of Interim Chief Financial Officer, also effective today.

The Board wishes to thank Ms. Tsai for her service over the last six years.

About Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company is suing the government of Newfoundland and Labrador for at least $483,000,000 for "de facto expropriation" or "constructive taking" of its rights to develop its oil and gas interests in western Newfoundland.

For further information, please contact:
Mr. Mark Jarvis,
Chief Executive Officer
Tel – 604 681 2300

The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250359

FAQ

Why did Natasha Tsai resign as CFO of Shoal Point Energy (SHPNF) in April 2025?

The press release does not specify the reason for Natasha Tsai's resignation as CFO of Shoal Point Energy. The company only announced that the Board accepted her resignation effective April 30, 2025.

Who is the new CFO of Shoal Point Energy (SHPNF) after Natasha Tsai's departure?

Mark Jarvis, the current CEO of Shoal Point Energy, has been appointed as Interim Chief Financial Officer effective April 30, 2025.

How long did Natasha Tsai serve as CFO at Shoal Point Energy (SHPNF)?

According to the press release, Natasha Tsai served as CFO at Shoal Point Energy for six years before her resignation on April 30, 2025.

Will Mark Jarvis continue as both CEO and CFO of Shoal Point Energy (SHPNF)?

The press release indicates that Mark Jarvis will serve as Interim CFO while maintaining his CEO position, but does not specify how long this dual role will last.

What impact does the CFO resignation have on Shoal Point Energy (SHPNF) operations?

The press release does not provide information about any operational impacts. The company has ensured continuity by immediately appointing CEO Mark Jarvis as Interim CFO effective April 30, 2025.