Cano Petroleum Announces the Departure of Michael J. Ricketts
16 Giugno 2011 - 11:00PM
Business Wire
On June 16, 2011, Cano Petroleum, Inc. (NYSE Amex: CFW) (“Cano”)
announced that Michael J. Ricketts informed Cano of his decision to
resign from his positions as the Senior Vice President and Chief
Financial Officer of Cano and from all other positions he holds
with Cano or any of its subsidiaries, effective as of the close of
business on June 20, 2011. Mr. Ricketts is resigning to accept a
position at another company. The Board of Directors of Cano
believes that it is in the final stages of its search for a Chief
Financial Officer to succeed Mr. Ricketts and expects to announce a
successor in the near future.
About Cano
Cano Petroleum, Inc. is an independent Texas-based energy
producer with properties in the mid-continent region of the United
States. Cano’s primary focus is on increasing domestic production
from proven fields using enhanced recovery methods. Cano trades on
the NYSE Amex under the ticker symbol CFW. Additional information
is available at www.canopetro.com.
Forward-Looking Statements
Safe-Harbor Statement — Except for the historical information
contained herein, the matters set forth in this news release are
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Cano intends that all
such statements be subject to the “safe-harbor” provisions of those
Acts. Many important risks, factors and conditions may cause Cano’s
actual results to differ materially from those discussed in any
such forward-looking statement. These risks include, but are not
limited to, estimates or forecasts of reserves, estimates or
forecasts of production, future commodity prices, exchange rates,
interest rates, geological and political risks, drilling risks,
product demand, transportation restrictions, the ability of Cano
Petroleum, Inc. to obtain additional capital, and other risks and
uncertainties described in the Cano’s filings with the Securities
and Exchange Commission. The historical results achieved by Cano
are not necessarily indicative of its future prospects. Cano
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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