Taipan Resources Inc. Announces Board Appointment of Mr. Maxwell
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/13/12 -- Taipan
Resources Inc. ("Taipan" or the "Company") (TSX VENTURE:TPN) is
pleased to announce the addition of Maxwell Birley to the Board of
Directors of Taipan Resources Inc.
Mr. Charles Watson commented, "We are pleased to welcome Mr. Birley
to the board of Taipan Resources. Since his appointment as CEO in
July, Mr. Birley has delivered several key milestones for Taipan and
has shown a strong commitment to the Company including relocating to
Maxwell Birley has over 30 years experience in the oil and gas
industry including senior roles with Marathon Oil, Premier Oil, and
Oil Search Limited and in-country operating experience in Equatorial
Guinea, Pakistan, Yemen, and India. Mr. Birley has a geological
geophysical degree and is an Explorationist by training. Throughout
his career, Mr. Birley has been directly involved in the discovery of
over 1.75 billion barrels of oil equivalent. He has also been
responsible for negotiating numerous farm-out and farm-in agreements
and acquisitions, and for managing and developing multi-billion
dollar oil and gas assets in Africa.
Mr. Mike Devji has accordingly stepped down as a Director of the
About Taipan Resources Inc.
Taipan Resources Inc. (TSX VENTURE:TPN) is an independent Africa oil
and gas exploration company with interests in 9.7 million gross oil
and gas exploration acres (39,588 km2) in Block 1 and Block 2B
onshore Kenya. Through its wholly owned subsidiary Lion Petroleum
Corp., Taipan currently holds a 100% working interest in Block 2B
(1.9 million acres / 7,807 km2) and a 20% working interest in Block 1
(7.8 million acres gross / 31,781 km2) which is operated by Afren
plc. Taipan's total mean net unrisked prospective resources on the
Blocks are estimated to be 530 million barrels of oil equivalent.
Taipan is traded on the TSX Venture Exchange with the symbol TPN.
The statements contained in this release that are not historical
facts are forward-looking statements, which involve risks and
uncertainties that could cause actual results to differ materially
from the targeted results. The Company relies upon litigation
protection for forward looking statements.
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.
Taipan Resources Inc.
(604) 336 3193
Kin Communications Inc.
604-684-6730 or 1-866-684-6730
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