Petrokazakhstan (NYSE:PKZ)
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PetroKazakhstan Inc. - New Director and Officer Appointment
CALGARY, May 4 /PRNewswire-FirstCall/ -- The Board of Directors of
PetroKazakhstan Inc. (the "Company") is pleased to announce the appointment of
Mr. Graeme G. Phipps as Executive Vice President, Corporate Development and a
Director of the Company, effective May 3, 2005.
Mr. Phipps has thirty years of experience in the Canadian and international oil
and gas industry including Yemen, North Africa, Nigeria, Indonesia, Malaysia,
Australia, Mexico and Columbia. He is a Professional Geologist and Geophysicist
and has held management positions previously at Petro-Canada, Nexen and Esso
Resources.
It is planned that Mr. Phipps will be appointed President and CEO on September
16, 2005. Mr. Isautier will remain Chairman of the Board.
Mr. Isautier commented saying, "Mr. Phipps has achieved spectacular results in
his career. We welcome Graeme into our organization and look forward to his
successful leadership."
PetroKazakhstan Inc. is a vertically integrated, international energy company,
celebrating its eighth year of operations in the Republic of Kazakhstan. It is
engaged in the acquisition, exploration, development and production of oil and
gas, refining of oil and the sale of oil and refined products.
PetroKazakhstan shares trade in the United States on the NYSE, in Canada on the
TSX, in the United Kingdom on the London Stock Exchange and in Germany on the
Frankfurt Exchange under the symbol PKZ. As of December 27, 2004,
PetroKazakhstan shares began trading on the Kazakhstan exchange under the
symbol CA_PKZ. PetroKazakhstan's website can be accessed at
http://www.petrokazakhstan.com/.
Neither The Toronto Stock Exchange or any other stock exchange or
regulator has approved or disapproved the information contained herein.
BIOGRAPHY
Graeme G. Phipps
Executive Vice President - Corporate Development
Graeme graduated with distinction from the University of Alberta with a
Bachelor of Science, Honours in Geology and Geophysics. He has 30 years of
experience in the Canadian and International oil and gas industry with 10 years
of senior executive and board experience. His executive experience includes
positions as Exploration and International Vice President with Petro-Canada and
Vice President of Strategic Planning and Business Development and Vice
President Canadian Oil & Gas Division with Nexen. Prior to this he spent 20
years with Esso Resources and Exxon in various management and operational
positions.
Graeme's exploration experience includes the Western Canada Basin, the Beaufort
Sea and Arctic Islands, and off the east coast Canada and internationally in
the Gulf of Mexico, Alaska, Yemen, North Africa, Nigeria, Colombia, N.W. Shelf
of Australia, Indonesia and Malaysia. Additionally he has managed development
and production operations in the Western Canada Basin as well as having five
years experience in corporate planning and business development including
significant acquisition and divestment initiatives.
Graeme has a broad business background and extensive experience, along with
well-developed public speaking, presentation and negotiating skills.
Graeme is a director of Tundra Oil and Gas Limited, director, officer and VP
Exploration with Ausam Energy Corporation and founding partner of a private
international investment fund. Graeme is also an active member of the
Association of Professional Engineers, Geologists and Geophysicists of Alberta
(APEGGA).
Graeme is 52 years old, married and has two children.
DATASOURCE: PetroKazakhstan Inc.
CONTACT: Ihor P. Wasylkiw, Vice President, Investor Relations,
(403) 221-8658, (403) 383-2234 (cell); Jeffrey D. Auld, Vice President,
Treasurer, +44 (1753) 410-020, +44 79-00-891-538 (cell)