PetroShale Inc. announced that Mike Wood has been appointed as President and CEO of the company. Mike is a petroleum engineer with 30 years of experience in operations, engineering, acquisitions and divestitures in numerous North America basins and has held a number of executive positions including: Development Manager Permian, Rockies and Gulf Coast for Chesapeake Energy; VP Canada Shale Division and VP Development and Engineering at Talisman Energy; and, Chief Operating Officer at two significant private equity sponsored oil and gas companies. Mike will be based in Denver office.

M. Bruce Chernoff will continue as Executive Chairman of the Board of Directors. The company also like to thank John Fair, who will be retiring from PetroShale in September, for his years of service to the Company and his role in developing the Company's asset base. James Fair, a current director of PetroShale, will not be standing for re-election to the Board of Directors at the Company's upcoming Annual and Special Meeting on July 6, 2017.