Metawells Oil & Gas Inc. has announced the appointment of Stefanos Kalogirou as President of the Board of Directors and the successful finalization of its acquisition agreement with South Plains Petroleum Inc. These developments represent significant strategic moves for the development-stage energy company as it positions for growth in the competitive North American energy sector. Effective November 1, 2025, Kalogirou succeeds Ronald Minsky, who resigned from the position but will continue serving the company as a senior advisor and consultant.
Kalogirou brings more than twenty years of experience in project management and strategic planning to his new role, with a demonstrated history of leading large-scale projects. His educational background includes a degree from Baruch College, City University of New York. I am honored to join the Board of Directors at this pivotal time, Kalogirou stated. I look forward to advancing Metawells' strategic roadmap and supporting the Company's growth through disciplined execution and new opportunities. The leadership transition comes at a critical juncture for the company as it seeks to expand its operational footprint and enhance shareholder value.
The acquisition of South Plains Petroleum Inc., accessible through their official website at https://www.southplainspetroleuminc.com, follows several months of negotiations and due diligence. South Plains holds multiple properties in strategic energy regions, including the Eastern Permian Basin of Texas and onshore Louisiana near the Gulf Coast. These assets include significant proven oil and gas reserves that are ready for development, providing Metawells with immediate operational opportunities and resource potential.
This acquisition marks a transformative step for Metawells, Kalogirou added. The integration of South Plains' assets will strengthen our portfolio and accelerate our path toward operational expansion. The combination represents a strategic alignment that could significantly enhance Metawells' position in the energy market by adding developed properties with established reserves to its portfolio. The Eastern Permian Basin properties position Metawells in one of North America's most productive oil regions, while the Louisiana Gulf Coast assets provide access to additional energy resources and infrastructure.
These acquisitions demonstrate the company's commitment to building value through strategic acquisitions and disciplined project execution. Further updates regarding leadership initiatives and the South Plains integration will be provided in subsequent announcements as the company moves forward with its expansion strategy. The dual announcements of new leadership and completed acquisition signal Metawells' aggressive approach to capturing market opportunities in key energy-producing regions across North America.
