May 31, 2017 - 9:00 AM EDT
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Bow Energy Ltd. Announces Management Changes




Bow Energy Ltd. Announces Management Changes

Not for distribution in the United States or through United States wire services.



Calgary, Alberta (FSCwire) - Bow Energy Ltd. (“Bow or the Company”) (BBLS:TSXV) is pleased to announce changes to its management team.

 

Sarshar Ahmad, who was previously Bow’s Vice President Exploration has been appointed as the Company’s Chief Executive Officer which post was held by Mo Fazil.  Mr. Fazil will continue as the Company’s President and Director.  Mr. Ahmad has 20+ years of experience in the oil and gas industry.  Most of his career was spent at Canadian Natural Resources.  He has extensive experience in acquisition, evaluation and development of exploration blocks.  His diversified experience also includes evaluation and development of unconventional and tight sand reservoirs. He has used his geological expertise in drilling operations and integration of new technology to improve efficiency of operations.  Mr. Ahmad has a Masters in Geology from Punjab University, Pakistan and Masters in Geochemistry from the University of Oslo, Norway. Shale gas, shale oil and tight sand reservoirs

 

Robert Richardson has been appointed the Bow’s Vice President Exploitation.  Mr. Richardson has over 20 years of energy experience in oil and gas development, reservoir engineering, acquisitions, operations and drilling. His diversified experience includes conventional oil & gas, secondary, tertiary & thermal recovery, shale oil and gas and renewable energy. Rob’s leadership has been seen in projects such as managing the development of Canadian Natural Resource’s Pelican Lake field from pilot to becoming one of the largest polymer floods in the world. He has also worked for Exxon Mobil, Baytex Energy, and Petrobank Energy. He has a B.Sc. Engineering from the University of Alberta, a Masters Degree in Energy Business and an Engineering Science Technology Diploma from SAIT. He is a member of APEGA and Beta Gamma Sigma.

 

Mansoor Anjum has been appointed Bow’s Vice President Finance.  He was previously the Company’s Indonesia Liaison Manager.  Mr. Anjum is a business executive with experience in project management and business development and has worked in the oil and gas industry for over 20 years. He has worked in both upstream and downstream sectors of the industry and has significant experience in acquiring and operating projects in Indonesia since 1995. Mr. Anjum is a Director of Georox Resources Inc., a TSXV company. He holds an MBA degree from the University of Toronto with a focus in strategy and finance.

 

Bow’s President Mo Fazil stated, “With the addition of seasoned veterans to our management team, the Company is well positioned to exploit our exciting assets in Indonesia.”

 

On May 24, 2017, the Company acquired additional conventional and non-conventional PSCs and a non-conventional Joint Study Agreement, all located onshore Sumatra, Indonesia.  These assets complement the company’s existing onshore Sumatra asset known as South Block A.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Bow Energy Ltd.

Mohammad Fazil, President

Telephone: +1 (403) 613-7310

 

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects” and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Bow. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

 

The forward-looking statements contained in this press release are made as of the date of this press release, and Bow does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

 

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/bowenergy05312017.pdf

Source: Bow Energy Ltd. (TSX Venture:BBLS)

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Source: FSCwire (May 31, 2017 - 9:00 AM EDT)

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