Canada Southern Petroleum (NASDAQ:CSPLF)
Historical Stock Chart
From Jul 2019 to Jul 2024
Canada Southern Announces Strengthening of Senior Management Team
CALGARY, Alberta, April 1 /PRNewswire-FirstCall/ -- The Board of Directors of
Canada Southern Petroleum Ltd. (Nasdaq: CSPLF; Toronto/Boston/Pacific: CSW)
today reported two important management additions that are expected over time to
contribute substantially to shareholder value. These are John W. A. McDonald,
President and Chief Executive Officer, and Todd R. Klippenstein, Controller.
Mr. McDonald joins the Company, effective April 1, 2004, from AltaGas Services
Inc. where he has most recently been in charge of that company's exploration and
production subsidiary. From 1989 to until joining AltaGas in 1994, he held vice
president positions in operations, supply and marketing for Western Gas
Marketing Limited, a subsidiary of TransCanada Pipelines Limited. From 1971
until joining TransCanada, Mr. McDonald worked for Imperial Oil Limited/Esso
Resources Canada Limited in positions of increasing responsibility dealing with
corporate planning, and oil and gas production. He holds Bachelor (highest
distinction) and Master of Engineering degrees from Carleton University
(Ottawa), M.B.A. from University of Toronto, and has completed the Advanced
Executive Program at the Kellogg Graduate School of Business, Northwestern
University.
Effective March 15, 2004, Mr. Klippenstein brought to the Company a skill set
that he has developed over a 20-year career in the oil and gas industry. Since
graduating from the University of Alberta with a Bachelor of Commerce degree, he
has worked at a number of small to medium sized private and public oil and gas
companies. Mr. Klippenstein will report to Randy Denecky, who had been serving
as the Acting President of the Company. Mr. Denecky will continue to serve as
the Company's Chief Financial Officer.
With these two gentlemen joining Randy Denecky, who has served the Company and
its shareholders so ably since joining it in 2001, Canada Southern has
established the core of a senior management team tailored to make optimal use of
the Company's assets and opportunities.
Canada Southern Petroleum Ltd. is an independent energy company based in
Calgary, Alberta, Canada. The Company is engaged in oil and gas exploration and
development, with its primary interests in producing properties in the Yukon
Territory and British Columbia, Canada. The Company's limited voting shares are
traded on the Nasdaq SmallCap Market under the symbol "CSPLF," and on the Boston
Stock Exchange, the Pacific Exchange, Inc. and the Toronto Stock Exchange under
the symbol "CSW."
Any statements in this release that are not historical in nature are intended to
be, and are hereby identified as "forward-looking statements" for purposes of
the "Safe Harbor Statement" under the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
indicated in the forward-looking statements. Among these risks and
uncertainties are uncertainties as to the costs, pricing and production levels
from the properties in which the Company has interests, the extent of the
recoverable reserves at those properties, and the costs associated with the
potential conversion of the Company's carried interest to a working interest at
Kotaneelee. The Company undertakes no obligation to update or revise
forward-looking statements, whether as a result of new information, future
events, or otherwise.
DATASOURCE: Canada Southern Petroleum Ltd.
CONTACT: Randy Denecky, Chief Financial Officer of Canada Southern
Petroleum Ltd., +1-403-269-7741