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LNG Energy Ltd. ("LNG" or the "Company") (TSX Venture - LNG) is pleased to announce the appointment of Richard Scherer as VP Engineering and Business Development of the Company.
Mr. Scherer is a Professional Engineer, holds degrees in both Petroleum Engineering (UofA'89) and Geology (UBC'86), and has over 20 years of experience within large multinational, independent and junior E&P companies. His professional roles have included: production, reservoir, drilling & completions, exploration and business development, within the domestic, frontier arctic, offshore and international arenas. Most recently, Mr. Scherer co-founded Petrolera Austral, LLC. where his professional reputation and business strategy led to the re-direction of Calgary based Pine Cliff Energy (TSX.V listed) from a domestic focused Canadian Junior E&P, into a Joint Venture (JV) participant with Petrolera Austral, to create CanAmericas Energy Ltd. He served as VP Operations with CanAmericas and was successful in achieving funding from North American financial markets for the development of the company's South American E&P business. Prior, Mr. Scherer worked within Anadarko Petroleum Corporation's Worldwide Exploration Group as a senior member of multi-disciplinary teams focused on commercializing stranded gas as LNG bound for North American markets, Russian & Former Soviet Block business development and Deep Water Gulf of Mexico exploration, respectively. Previously, he has held various progressive senior level positions with Burlington Resources Canada, Poco Petroleums Ltd., Gardiner Exploration Limited and Imperial Oil Resources Limited (Exxon's Canadian Subsidiary).
"We are pleased to have Mr. Scherer joining our Management team. He brings an outstanding combination of knowledge and experience to the Company and having his expertise on our team will be a great asset to the Company's growth and development going forward", stated David Afseth.
The Company also announces that it has granted 300,000 stock options pursuant to its previously approved stock option plan to Mr. Scherer. The options are exercisable over 5 years at an exercise price of $0.30 per share.
LNG ENERGY LTD.
Per:
"Dave Afseth"
President & CEO
For further information please contact:
Investor relations: 1-778-373-0103
Email: info@LNGEnergyltd.com
Neither 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
This news release may contain forward-looking statements based on assumptions and judgments of management of LNG regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. LNG disclaims any intention or obligation to revise or update such statements except as may be required by law. |
