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ANTERRA ENERGY ANNOUNCES NEW PRESIDENT AND DIRECTOR
June 25, 2008
Anterra Energy Inc. (“Anterra” or the “Company”) today announced that William E. Johnson has joined the Company as President, Chief Operating Officer, and as a director.
Mr. Johnson will spearhead the Company’s move into non-conventional oil and gas exploration and development. He brings more than 20 years of experience in a senior executive role with two major Calgary-based oil and gas companies, where he developed strategies and implemented programs for the exploitation and development of oil and gas reserves throughout western Canada. In his most recent position, he managed a $190 million capital budget and added more than 40 mmscfd of gas production to the organization. Earlier in his career, Mr. Johnson managed several districts producing between 2,000 and 5,000 boepd and was responsible for the staffing and exploitation of annual operating budgets ranging from $50 million to $150 million. A member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta, he has a Bachelor of Science in Engineering from the University of Saskatchewan and a Masters in Petroleum Engineering from the University of Calgary.
"Anterra’s management team is excited to have the privilege of working with an executive of Bill’s calibre,” said Owen Pinnell, Chairman and Chief Executive Officer. “He is an experienced oil and gas executive with a proven ability to lead teams and develop strategies for evolving exploration and development projects, which makes him absolutely the right person to lead our non-conventional oil and gas initiatives. Bill is committed to growing production and increasing revenues and shareholder value for Anterra."
About Anterra Energy
Anterra Energy is an emerging energy company with a balanced portfolio of lower risk conventional and non-conventional development projects and high-impact exploration opportunities. The Company’s growth strategy is to increase reserves and production through focused development drilling while continuing to explore its high-impact opportunities through joint ventures and farm-out agreements. Complementing this strategy are Anterra’s company owned and operated oil and gas production and associated fee-based midstream facilities in western Canada. Anterra is a public Canadian company listed on the TSX Venture Exchange under the symbols AE.A and AE.B. More information about Anterra is available at www.anterraenergy.com.
For further information, please contact:
Owen C. Pinnell
Chairman and Chief Executive Officer
Anterra Energy Inc.
Telephone: (403) 215-2427
Facsimile: (403) 261-6601
E-mail: pinnello@anterraenergy.com
Forward-Looking Information
This news release contains forward-looking information related to the Company’s planned drilling program, production and operating costs. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates in relation to reserves, production and expenses; health, safety and environmental risks; and the uncertainty of dealing with government and obtaining regulatory approvals). Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in the Company's securities should not place undue reliance on them.
In addition, the term BOE or BOEs may be misleading, particularly if used in isolation. A BOE (barrel of oil equivalent) conversion ratio of 6 Mcf per one (1) BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Reader Advisory
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
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