Global Oil & Gas Limited announced the appointment of Mr. Ricardo Garzon Rangel to the board of the Company, replacing Mr. Troy Hayden, effective from the 31st of December 2023. Mr. Garzon Rangel will hold the role of Non-Executive Director. Mr. Garzon Rangel is an industrial engineer and energy economist with over 15 years international experience in sourcing, managing and promoting oil and gas and mineral exploration projects.

He was a significant team-member in Baraka Petroleum's acquisition of a 260,000km2 tract of the Taoudeni Basin in West Africa and participation in a producing oil field and two brownfield oil exploration projects in Colombia. After serving as a member of the board of Baraka during 2009, Ricardo identified and progressed several exploration opportunities in South America and more recently in Australia. As a dual Australian and Colombian citizen, Mr. Garzon Rangel has a depth of experience in Latin America and has a proven ability to expand business operations into new regions and establish relationships with governments and other industry participants.

Mr. Garzon Rangel completed his bachelor degree of Industrial Engineering at Universidad Distrital Francisco Jose de Caldas in Bogotá Colombia and his MSc in Energy Economics and Management from Curtin University. Ricardo is a member of the Society of Petroleum Engineers (SPE).