Wrangler West Energy Corp (TSXV:WX)
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CALGARY, May 19 /CNW/ --
CALGARY, May 19 /CNW/ - Wrangler West Energy Corp. ("Wrangler West", the "Company") (TSXV "WX") today announced two officer appointments approved by the
board of directors to take effect immediately and provided a brief
operations update.
Appointments Effective May 19, 2011
Crista L. Ferguson is appointed Chief Financial Officer. Ms. Ferguson
is a certified general accountant ("CGA") and was appointed Controller
in January 2010, reporting to the President and Chief Executive
Officer. Since Wrangler West's inception in 2002, she has held
increasingly more senior positions. Previously, she had worked with our
predecessor companies. She holds a Bachelor of Administration
(Accounting) from SAIT Polytechnic. In her new role, Ms. Ferguson will
continue to have responsibility for Wrangler West's finance and
accounting systems including shareholder and regulatory reporting.
Charles A. Brehon is appointed Vice President, Exploration. Mr. Brehon
is a professional geologist with 23 years of expertise developing and
executing exploration projects in the Western Canada Sedimentary Basin.
He has served as a director of the Company since 2006. Previously, Mr.
Brehon was manager of geology at Wrangler West, having fulfilled that
role at Player Petroleum Corporation. He holds a Bachelor of Science
degree from the University of Saskatchewan and is a member the
Association of Professional Engineers, Geologists and Geophysicists of
Alberta. In his new role, Mr. Brehon will manage the Company's
geological and technical strategies to accelerate oil and natural gas
exploration programs and projects both within the Corporation and with
industry partners. Further, he will work within the management team to
review and recommend potential asset acquisitions and/or dispositions
to enhance the Corporation's strategies for production growth.
The board of directors welcomes both officers and looks forward to their
contribution within the Company's senior management team.
Operations Update
Wrangler West recently engaged Sayer Energy Advisors to assist in the
divestiture of the Company's 100 percent working interest oil property
at Grand Forks in southern Alberta. Following completion of the
planned divestiture, the Company intends to redeploy the proceeds to
projects in other areas of operation.
Wrangler West expects to report 2011 first quarter results on June 17,( )2011 or very soon thereafter. During the 2011 first quarter, the
Company produced approximately 1,030 boe per day.
Corporate Profile
Wrangler West is a Canadian junior oil and natural gas producer which
explores for and develops crude oil and natural gas production assets
in the Province of Alberta. Since inception, our mandate has been to
use the drill bit to add shareholder value. Disciplined management of
our operations and production portfolio creates sufficient funds flow
to support ongoing operations. Wrangler West intends to continue to
reinvest funds flow from operations and other available capital to
protect current and add future value. Wrangler West trades on the TSX
Venture Exchange under the symbol "WX".
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for, the adequacy or accuracy of this press release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/19/c5902.html
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