Canada Southern Petroleum (NASDAQ:CSPLF)
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Canada Southern Petroleum Ltd. Announces Appointment of New Board
Member
CALGARY, Alberta, Sept. 17 /PRNewswire-FirstCall/ -- Canada Southern Petroleum
Ltd. (NASDAQ/Pacific: CSPLF; Toronto/Boston: CSW) today reported that Raymond
Cej, a highly experienced oil and gas executive, has been appointed to fill a
vacant seat on its Board of Directors, effective September 16, 2004. Mr. Cej
has been appointed to serve as a member of the Corporate Governance and
Nominating Committee and the Operations Committee of the Board of Directors,
both effective September 16, 2004.
Speaking on behalf of Canada Southern's Board, Chairman Richard McGinity
stated, "Canada Southern is fortunate to have attracted an individual of Mr.
Cej's caliber to its Board. His experience in all phases of the oil and gas
business, especially in Western Canadian exploration and development, will be
enormously valuable to the Company. He has a track record of building value
for shareholders, which is the principal objective of this Board and
management, and will be an immediate contributor in the Company's pursuit of
this goal."
With over 30 years of experience, Mr. Cej has led and managed corporate
development, financing, exploration, development, production operations and
marketing activities specific to oil, natural gas, and associated products as
well as the supply, distribution, manufacturing and sale of refined products.
Most of his experience is Canada-based where he was with Shell Canada Ltd. for
26 years in positions of increasing responsibility and seniority. As Vice
President of Development, he was responsible for Shell Canada's upstream
development program, as well as the drilling program for all of Shell's
exploration and production activities. As Senior Operating Officer -
Resources, he was a member of the five-person senior management team of the
company. Since retiring from Shell in 1995, he has played key roles in
delivering shareholder value in both Canadian and international settings. He
earned a Bachelor of Engineering degree (Chemical Engineering) from the Royal
Military College, and a Master of Engineering (Chemical Engineering) from the
California Institute of Technology. He is a resident of Calgary, Alberta.
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 and the Pacific Exchange, Inc. under the
symbol "CSPLF," and on the Boston Stock Exchange and the Toronto Stock Exchange
under the symbol "CSW." The Company has 14,417,770 shares outstanding.
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 significant costs associated
with the exploration and development of the properties in which the Company has
interests, particularly the Kotaneelee field. 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: John W.A. McDonald, President and Chief Executive Officer of
Canada Southern Petroleum Ltd., +1-403-269-7741