KOIL Energy Appoints New Member to Its Board of Directors

Koil Energy Solutions, Inc. (OTCQB: KLNG) announced the appointment of Mr. Mads Andersen as an independent, non-executive director on its Board of Directors, effective April 22, 2025. With extensive experience in the energy sector, Mr. Andersen currently serves as CEO of Aibel ASA, a leading energy services company based in Norway, boasting 5,000 employees and generating annual revenues of approximately $1.5 billion. His impressive track record spans over thirty years in the international oil and gas industry, including previous positions as Divisional President at OneSubsea (SLB) and Executive Vice President at Aker Solutions.

Mark Carden, Chairman of the Board at KOIL Energy, expressed enthusiasm about Mr. Andersen's appointment, emphasizing that his extensive background as a CEO and Senior Executive in global companies will greatly enhance KOIL Energy’s strategic initiatives. Carden highlighted that Andersen's expertise in areas such as international business development, growth strategy, and mergers and acquisitions (M&A) will be crucial as KOIL Energy continues to pursue its growth ambitions and aims to expand its international footprint.

As a prominent energy services provider, KOIL Energy specializes in subsea equipment and support services tailored for the global energy and offshore industries, reinforcing its role as an influential player in the market. The addition of Mr. Andersen is expected to fortify the company’s board with seasoned leadership, positioning KOIL Energy for future success in a competitive landscape.

For more information regarding investor relations, the company can be contacted via email at ir@koilenergy.com or by phone at 281-862-2201. This strategic move is looked upon positively by stakeholders, as it aligns with the company's goals for further expansion and enhanced operational capabilities in a dynamic global energy market.

Koil Energy Solutions, Inc. (OTCQB: KLNG) recently appointed Mr. Mads Andersen to its Board of Directors, a strategic move that could significantly impact the company’s market position and growth trajectory. With over 30 years of experience in the oil and gas sector and a solid track record from his roles at Aibel ASA, OneSubsea (SLB), and Aker Solutions, Mr. Andersen’s expertise is expected to enhance Koil’s international business development efforts and growth strategies.

Investors should view this appointment positively, as it signals Koil's commitment to bolstering its leadership team with seasoned professionals who can guide the company through a competitive and dynamic energy landscape. Mr. Andersen’s background in managing large-scale operations and navigating complex mergers and acquisitions offers Koil a competitive edge, particularly as the company seeks to expand its service offerings and geographic reach.

As the energy sector undergoes transformations driven by technology and sustainability concerns, Koil Energy's focus on subsea equipment and support services positions it well within a niche that continues to see demand. The appointment of a leader with extensive industry knowledge may reassure investors about the company's ability to adapt and thrive amid industry challenges.

Short-term, investors may want to monitor KOIL’s stock for potential volatility as the market absorbs this leadership change. Additionally, it would be prudent to evaluate any changes in company direction or strategy that might arise from Mr. Andersen's input. Long-term investors should consider adding KOIL to their portfolios, particularly if the company announces strategic initiatives that capitalize on Andersen's experience and connections. Overall, this new appointment could be a catalyst for growth, making Koil Energy a stock worth watching in the upcoming quarters.