Following completion of a farm-out to NewAge (African Global Energy), Euroil chairman Chief Ndieb-Nso George Tabetando has stepped down from the board of former Etinde operator Bowleven, along with general counsel Peter Wilson. Tabetando, a lawyer and traditional chief from South West Region, founded Euroil in 1995, and the company was awarded the Etinde permit in 1998. Euroil became part of Bowleven in 2001.