Mogul Energy International, Inc. Announces the Appointment of John Masters as Chairman of the Board
20 Ottobre 2010 - 2:30PM
Marketwired
Mogul Energy International, Inc. ("Mogul") (OTCBB: MGUY) (FSE: BKX)
announces John Masters has joined the management team of Mogul as
Chairman of the Board, effective October 18, 2010.
Mr. Masters is recognized by the AAPG (American Association of
Petroleum Geologists) as one of the leading oil and gas explorers
of the 20th century and has more than 20 discoveries to his credit.
Mr. Masters co-founded Canadian Hunter. Canadian Hunter grew from
one of the smallest of the 712 registered energy companies in
Calgary in 1972 to the 12th largest 20 years later. During this
period, Canadian Hunter discovered more than 16 significant gas
fields including Canada's largest, the Elmworth field, which is a
30TCF pool and ranks as the third largest producing field in North
America. Under Mr. Masters' leadership Canadian Hunter grew from an
initial investment of $5 million in 1973 to a value of $3.3 billion
in 2001 when sold to Burlington Resources. Mr. Masters will be
assisting with the addition of new members to the Mogul management
team and the Mogul advisory board. These new members will be
actively reviewing the many oil and gas prospect files generated by
Mr. Masters in his long career.
Mr. Naeem Tyab, the Company's President, stated: "I am delighted
that Mr. Masters will be working to further develop our leadership
team by agreeing to the role of Chairman of Mogul. Mr. Masters
brings a significant level of contacts that can give us access to
many important decision makers in the industry." Mr. Tyab went on
to say that, "The company is at a stage which warrants emphasis on
developing exploration and production opportunities that we have in
inventory, and I am certain that John's strength, vision and
industry contacts will help create an eminent position for our
company in the upstream oil and gas industry."
Information concerning Mogul Energy International, Inc.:
Mogul Energy International, Inc. ("Mogul") is an oil and gas
exploration company with headquarters in Seattle, Washington. The
common shares of Mogul are quoted on the OTC Bulletin Board (OTCBB)
system under the symbol "MGUY," and the Frankfurt Stock Exchange
(FSE) under the symbol "BKX". Further information concerning Mogul
can be found in the Company's filings with the U.S. Securities and
Exchange Commission (http://www.sec.gov).
Forward-Looking Statements:
This news release contains "forward-looking statements" within
the meaning of the securities laws, which are based on current
expectations and beliefs, as well as on a number of assumptions
concerning future events made with information that is currently
available. Statements in this news release that are not historical
facts are forward-looking statements that are subject to risks and
uncertainties. Words such as "expects," "intends," "plans," "may,"
"could," "should," "anticipates," "likely," "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Inherent in Mogul Energy International, Inc.'s
("Mogul") business plan is a belief that Mogul can successfully
explore oil and gas properties in Canada and the United States, and
that Mogul can participate in the development of those properties.
Readers are cautioned not to put undue reliance on such
forward-looking statements, which are not a guarantee of
performance and are subject to a number of uncertainties and other
factors, many of which are outside of Mogul's control, which could
cause actual results to differ materially from such statements. For
a more detailed description of the factors that could cause such a
difference, please refer to Mogul Energy's filings with the U.S.
Securities and Exchange Commission. Mogul assumes no obligation to
update or supplement such forward-looking statements other than as
required by law.
Contact Information: Company Contact Naeem Tyab Mogul Energy
International, Inc. Tel: 206-357-4220 naeem@mogulenergy.com
http://www.mogulenergy.com
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