Metawells Oil & Gas Inc. (OTC: KOSK) announced two major corporate developments: the appointment of Stefanos Kalogirou as President of the Board of Directors and the finalization of its acquisition agreement with South Plains Petroleum Inc. These moves signal a strategic shift for the development-stage energy company as it seeks to expand its operational footprint and accelerate growth.
Effective November 1, 2025, Mr. Kalogirou succeeds Ronald Minsky, who will continue as a senior advisor and consultant. Kalogirou brings over two decades of experience in project management and strategic planning, with a degree from Baruch College, City University of New York. His leadership comes at a pivotal time, as Metawells integrates new assets and pursues disciplined execution. “I am honored to join the Board of Directors at this pivotal time,” Kalogirou said. “I look forward to advancing Metawells’ strategic roadmap and supporting the Company’s growth through disciplined execution and new opportunities.”
The finalized acquisition of South Plains Petroleum Inc., after months of negotiations and due diligence, adds multiple properties in the Eastern Permian Basin of Texas and onshore Louisiana near the Gulf Coast. These holdings include significant proven oil and gas reserves ready for development. “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 is expected to bolster Metawells’ position in high-potential regions, leveraging South Plains’ existing infrastructure and reserves. Further updates on leadership initiatives and integration plans are anticipated in subsequent announcements. Metawells is a development-stage company focused on identifying and advancing oil and gas opportunities across North America, with a commitment to building shareholder value through strategic acquisitions and sustainable growth.
This announcement underscores the company’s shift from development to active operations, with the new board president and asset acquisition providing a clearer path forward. Investors and industry observers will watch for execution details as Metawells navigates the integration and operational ramp-up. The company’s forward-looking statements caution that actual results may differ materially due to risks including failure to complete anticipated sales, lack of revenue growth, and adverse legal developments.
