Mr Ozbolt has over 30 years experience in the oil and gas industry, with experience in evaluating prospective property in regard to technical aspects of energy development.

His experience also involves economic modeling and sales of oil and gas properties, with sales and related budgets generally over $200m. While at The Oil and Gas Asset Clearinghouse, he was associated with over one billion dollars of oil and gas transactions, said ECCO Energy.

Mr Ozbolt has worked for such firms as Exxon, Texas Eastern, Enex Resources and The Oil and Gas Asset Clearinghouse.

Sam Skipper, president of ECCO, said: “Jack Ozbolt is becoming CEO of ECCO at an opportune time. His experience in oil and gas exploration and production will be invaluable to ECCO as we pursue our exploration and production goals during the coming year. He has a proven track record and leadership to create the most value for our shareholders.”