Ms Helwig will become the new CEO effectively immediately. Brian Wilmot states the following, ?Although we were engaged in efforts to achieve profitability for the Company, it was not going to occur soon enough to maintain viability in the market. After careful consideration and discussions, Eagle Oil Holding Company determined the best way to advance shareholder value was with a new management team that brought new possibilities. Ms. Helwig has additional plans to expand the Company into new oil fields.