Sky Petroleum, Inc. has announced that Sheikh Hamad Bin Jassim Bin Jabr al-Thani had become a major shareholder in the company holding approximately 36% of the issued shares of Sky Petroleum as a result of a recently announced private placement.
Sky Petroleum, Inc. is an emerging oil and gas company investing in international exploration and development activities in a prolific offshore oil & gas region in the United Arab Emirates.
Sheikh Hamad Bin Jassim Bin Jabr al-Thani is a member of the ruling family of Qatar, and Qatar's Foreign Secretary.
Sheikh Hamad has appointed Karim Jobanputra to the board of directors of the company. Mr. Jobanputra is an entrepreneur and owns several companies that do business primarily in the Middle East and Europe.
"We are very pleased that His Excellency Sheikh Hamad has become a major shareholder in Sky, and appreciate his confidence in the company and the project," said Dan Meyer, president at Sky Petroleum. "Karim is a strong addition to the board of directors and we believe his international experience in the Middle East will be of great value to the company."
