Forza Petroleum Limited announced a leadership succession plan that positions it for the next stage of its evolution as a petroleum producer. Sami Zouari has notified the Corporation that he will step down from his position as Director and Chair of the Board of Directors effective March 1, 2023. He will be succeeded by current Chief Executive Officer, Vance Querio, who will step into the role of Director and non-executive Chair.

The Corporation's current Operations Director, Shane Cloninger, is being promoted to succeed Mr. Querio as Chief Executive Officer on March 1, 2023. Over the coming months, Messrs. Zouari and Querio will oversee an orderly transition of their respective responsibilities.