Bakken Discovery Pioneer joins Covenant as Executive Director
Oct. 19, 2010 (Filing Services Canada) -- Covenant Resources Ltd. (CVA - CNSX), (the "Company") is pleased to announce the appointment of Richard "Dick" Findley, a geologist with more than 35 years of experience in the oil and gas industry, as Executive Director. Mr. Findley is credited with the discovery of Elm Coulee Field in Richland County, Montana, which led to intense exploration interest in the Bakken Formation (part of the Williston Basin), now considered one of the largest contiguous deposits of oil and natural gas in the US.
Mr. Findley is a member of the American Association of Petroleum Geologists and in 2006 received the "Outstanding Explorer Award" for his efforts in discovering Elm Coulee Field. The same year he was also awarded the Michel Halbouty Medal by Texas A&M University, where he earned his B.Sc. (1973) and M.Sc. (1975) degrees.
Dick Findley is President of Prospector Oil Inc. and American Eagle Energy Inc. and has held board and advisory positions with various other companies. In 1983, he formed Prospector Oil to build an independent company focused on the Williston Basin and Northern Rockies. He also served as Chairman of Ryland Oil Company, a pioneer in Bakken Formation exploitation in Saskatchewan and North Dakota, prior to its recent acquisition by oil and gas producer Crescent Point Energy Inc.
"As we commence an exploration program on our Alberta Basin, Sweetgrass Arch prospect, having Dick join our team at this time is very significant," said Frank Port, President. "Dick's level of expertise and track record of success will benefit all shareholders as we continue to expand our footprint into the Williston Basin."
The Company Trades on the CNSX under the trading symbol "CVA".
The CNSX does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please refer to the Company's prospectus and engineering report available on SEDAR (www.sedar.com).
For further information contact:
Frank Port President, Chief Executive Officer, and Director
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