Barrel Energy, Inc. announced that Harpreet Sangha resigned as CFO of the Company, Mr. Sangha remains a Director and Chairman of the Company. The Board of Directors appointed Lowell Holden to a vacant position on the Company's Board of Directors. In addition, the Board named Mr. Holden CFO of the Company, replacing Harpreet Sangha in this capacity.

Presently Mr. Holden serves as a director and Chief Financial Officer of Nascent Biotech, Inc., the Chief Financial Officer of Skkynet Cloud Systems, Inc. (SKKY), Chief Financial Officer and director of EMR Technology, Chief Executive Officer and director of PTS, Inc. (PTSH).