Greenfields Petroleum Corporation announced the appointment of a new Chief Financial Officer and Treasurer. Mr. Jose Perez-Bello, who has served as the Senior Vice President, Chief Financial Officer and Treasurer of the company since June 2017 and a director of the Company since 2018, stepped down from these roles with the Company effective June 30, 2019. Mr. Perez-Bello has been instrumental in streamlining financial processes of the Company. Mr. Sanjay Swarup has been appointed as Chief Financial Officer and Treasurer effective July 1, 2019. Mr. Swarup is a chartered accountant from UK and India based in London. He is also Chief Executive Officer of SKS Business Services Limited. Mr. Swarup has worked in the planning department of the Exploration and Production division of BP plc at their head office in London.

The company also announced that it has executed a payment deferral letter with its senior debt lender, Vitol Energy (Bermuda) Ltd. (Vitol), to defer payments in the aggregate of $10.0 million until August 30, 2019. The Company anticipates the Deferral will give the Company sufficient time to comply with its obligations under the loan agreement between the Company and Vitol.