Blackbird Energy Announces Appointment of Chief Operating Officer and New Director
22 2월 2011 - 11:30PM
Marketwired
Blackbird Energy Inc. (TSX VENTURE: BBI) ("Blackbird" or the
"Company"), is pleased to announce the appointment of Mr. Dennis
Paterson as a Director and Chief Operating Officer of the Company
effective immediately.
Mr. Paterson has more than 30 years of international oil and gas
exploration and production experience in diverse areas, including
China, the Middle East, Central and South East Asia, Kazakhstan,
Europe and North and West Africa.
From 2006 until 2009, Mr. Paterson was the President of ROC Oil
(Bohai) Company in Beijing and an executive director of its parent
company ROC Oil Company Limited from 2007 until 2009. There his
primary responsibility was to manage all aspects of the (approx.)
US$525 million Zhao Dong field expansion and C4 new field
development. This involved the fabrication, installation and
commissioning of four new offshore platforms and two subsea
pipeline tie-backs resulting in offshore production and processing
capacity of 145,000 bfpd.
Prior thereto Mr. Paterson consulted on projects in China,
Libya, and the Bahamas. He formed and managed Genting Oil and Gas
Limited based in Kuala Lumpur, which participated in the discovery
and subsequent sale of the Vorwata gas field which supplies the
BP-operated, Tangguh LNG plant in Papua, Indonesia. Mr. Paterson
was also previously the Managing Director of British Gas Malaysia
and the Country General Manager for British Gas Indonesia. Prior to
holding those positions he worked for British Gas in a variety of
senior commercial roles on the Karachaganak gas condensate field
and the Caspian Shelf Consortia in Kazakhstan. Mr. Paterson has
been involved with pipeline development projects in Kazakhstan,
Malaysia, Indonesia and China and in power generation projects in
Malaysia, Indonesia and the Philippines.
Mr. Paterson has been a director of a number of small
independent oil and gas exploration companies including BPC
Limited, Ramco plc and Medusa Oil and Gas. He was a Director of
Genting Sanyen Power Sdn Bhd, a 720 MW CCGT plant located at
Sepang, Malaysia.
Mr. Paterson was educated at the University of British Columbia
in Vancouver, Canada and at Imperial College, University of London,
London, England.
Garth Braun, Blackbird CEO, stated: "We are pleased to welcome
Mr. Paterson to our board and management team. The depth of
experience and knowledge that Dennis brings to the company is
extremely exciting, and we are looking forward to the opportunities
that may become available as a result."
In connection with the appointment, the Company has granted
700,000 incentive stock options to Mr. Paterson. Such options are
exercisable at the price of $0.27 for a period of five years.
Currently, an aggregate of 989,145 shares remain available for
issuance under the Company's stock option plan.
About Blackbird
Blackbird's wholly-owned subsidiary Blackbird Energy LLC
("Blackbird Energy") holds a 75% interest in 3,857 acres of
leasehold land located in Gray County, Texas known locally as the
"Mathers-Gordon Prospect". The Mathers-Gordon Prospect is a multi
pay oil and gas prospect. Blackbird Energy is the operator of the
prospect. In addition, Blackbird plans to actively look for further
oil and gas properties for acquisition or potential joint
ventures.
On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chief Executive Officer and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the Company's completion of the acquisition of TNH or the
satisfaction of any of the required conditions precedent.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given
that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a downturn in
general economic conditions in North America and internationally,
(2) the inherent uncertainties and speculative nature associated
with oil and gas exploration and production, (3) a decreased demand
for natural gas, (4) any number of events or causes which may delay
or cease exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (5) the risk that
the Company does not execute its business plan, (6) inability to
retain key employees, (7) inability to finance operations and
growth, and (8) other factors beyond the Company's control. These
forward-looking statements are made as of the date of this news
release and, except as required by law, the Company assumes no
obligation to update these forward-looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements.
The TSX Venture Exchange Inc. has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: Blackbird Energy Inc. Dwane Brosseau 604.662.4955
dbrosseau@blackbirdenergyinc.com www.blackbirdenergyinc.com
Blackbird Energy Inc. (TSXV:BBI)
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