Cequence Energy Ltd. announced that Mr. David Gillis has resigned from positions of executive vice president and CFO effective immediately. In support of the Company and its management, the Board announced that Mr. Donald Archibald has agreed to assume the role of Executive Chairman of Cequence and Mr. Howard Crone has agreed to assume the role of Executive Vice President and Interim CFO of Cequence. As part of the executive team, Mssrs Archibald and Crone will continue working with management and the Board towards identifying and pursuing various strategic alternatives for the benefit of the Company and its stakeholders, including, but not limited to, the sale of the Company, the sale of assets and the refinancing of the $60 million of unsecured notes held by CPPIB, due October 2018.