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    Thomas Bates to leave Reservoir Exploration Technology

    Company News // February 22, 2011

    Thomas Bates Jr has resigned as Chairman of the Board of Reservoir Exploration Technology (RXT). Kristen Jakobsen will act as Chairman of the board.

    The company thanked Mr Bates for what it called "the outstanding work he has done for RXT over the years, for his competence and for the way in which he always sought to take account of the interests of all stakeholders."

    "RXT fully recognizes his contribution since joining the board of RXT on 9 December 2008 following Lime Rock Partners V LP's investment in the company. RXT has highly benefited from his depth of knowledge and experience as chairman," said the company.

    The board will summon an extraordinary general meeting to elect an additional board member and a new chairman of the board as soon as the nomination committee has found suitable candidates.


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