NEWS FLASH! – March 12 2009 – Oil change: top management leaves SPPC

TAMUNING Guam - Brian Y. Suhr president and chief executive officer and Michael S. Hahm executive vice president and chief operating officer are resigning from South Pacific Petroleum Corp. according to Journal sources.

SPPC has confirmed to the Journal that the departure is effective March 13.

The two will however remain shareholders in SPPC which does business as 76 gas brand and Circle K convenience stores. The company has 10 gas stations and 12 convenience stores two of which are free-standing.

Industry experts expressed continued confidence in Douglas Dean long-time petroleum industry . . .

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