Stans Energy Streamlining Operations at Kyrgyzstan Subsidiaries

Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) announced that it has started an operational review to streamline work functions at its subsidiaries in Kyrgyzstan. In addition, a review aimed at evaluating required staffing levels at the company’s subsidiaries has begun “in light of persistent obstruction of operations by Kyrgyz Authorities.”

As quoted in the press release:

As part of the streamlining process certain responsibilities within executive management at the Company’s subsidiaries will change. Mr. Gennady Savchenko who is currently Director General of Stans Energy KG and Kutisai Mining will now become Vice President of Kyrgyz Operations and retain the title of Director General, Stans Energy KG. Mr. Savchenko will continue to report to COO Boris Aryev.

Mr. Uzak Sultanidinov has been chosen to fill the role of Director General of Kutisai Mining. Mr. Sultanidinov is a former assistant to a Deputy Prime Minister, and a former parliamentary assistant. He has also served as an Expert in the Kyrgyz Financial Market Control and Regulation Service, Department of Securities Market Monitoring and Investor Rights Protection. Mr. Sultanidinov is a graduate of the Kyrgyz National University majoring in economics and production management.

Click here to read the full Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) press release.