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TSXV Trading Symbol: MVN
CALGARY, Nov. 27, 2012 /CNW/ - Madalena Ventures Inc. ("Madalena" or the
"Company"), is pleased to announce that Mr. Kevin Shaw, P.Eng, MBA has been
appointed President and Chief Executive Officer of the Company, effective
immediately. Mr. Shaw will also be joining the Company's Board of Directors.
Mr. Warkentin will move to the position of Vice-Chairman of the Company's
Board of Directors and Vice-President, International, where his international
expertise will continue to be invaluable.
Mr. Shaw holds significant oil & gas industry experience as an Engineer,
Manager and Officer, working for both large and small-cap E&P's, as well as
extensive experience in the capital markets and consulting services sides of
the energy sector. Prior to joining Madalena, Kevin most recently headed up
the energy team at Casimir Capital and held the position of Managing Director
& Head of Global Energy Research, responsible for coverage and/or advisement
on over 30 domestic and international E&P companies. Prior to Casimir, Kevin
worked with Wellington West Capital Markets as a Senior Oil & Gas Research
Analyst, and Partner, and was a key member of Wellington West's successful
Energy business prior to Wellington's sale to National Bank of Canada in the
summer of 2011. Prior to holding executive positions within the Capital
Markets, Mr. Shaw has also held oil and gas positions heading up large
operational & engineering consultant teams for major E&P's as an Alliance
Manager for Colt WorleyParsons, was a Vice President, Operations for a public
jr. E&P (Trimox Energy Inc.), and has held various technical & managerial
roles with ExxonMobil (via Imperial Oil). Kevin is a Professional Engineer and
holds a B.Sc. in Mechanical & Petroleum Engineering from the University of
Calgary and an MBA from the Haskayne School of Business.
As President and CEO of Madalena, Mr. Shaw will be working closely with the
Company's Board of Directors and management team to integrate and ramp
production and cash flow associated with its Canadian oil and gas properties
acquired in early November while working to unlock value in the Company's
international assets. He will also be responsible for the review of all
financing and business development alternatives for the Company with a view to
creating long-term shareholder value. "Mr. Shaw brings extensive oil and gas
and capital markets experience, both in the domestic and international
marketplace," said Madalena Chair, Ray Smith. "We are delighted to welcome him
to our Board and executive team."
Madalena is also pleased to announce the following additions to the management
Steve Dabner - P.Geol. - Vice-President, Exploration
Mr. Dabner has over 27 years of experience in the oil and gas industry. Prior
to co-founding Online Energy Inc. in 2009, Mr. Dabner was President and Chief
Executive Officer of Trimox Energy Inc. and Moxie Exploration Ltd. and
Vice-President, Exploration and Chief Financial Officer of Moxie Petroleum
Ltd. Prior thereto he held positions of increasing responsibility with
Cimarron Petroleum Ltd. and Home Oil Company Ltd.
Brent Foster - P.Eng. - Vice-President, Engineering
Mr. Foster is a registered Professional Engineer, with 30 years of experience
in exploitation and development of oil and gas pools in the Western Canadian
Sedimentary Basin and the Cooper Basin in South Australia. Prior to being the
VP, Engineering at Online Energy Inc, Mr. Foster was previously the
Vice-President, Engineering & COO, Blue Mountain Energy Ltd. and
Vice-President, Engineering, Hadrian Energy Corp. Mr. Foster started his
career with Rigel Oil and Gas Ltd. and Home Oil Company Ltd.
Robert Stanton - P.Eng. - Vice-President, Operations
Mr. Stanton is a Professional Engineer who has acquired over 27 years of
well-rounded engineering and operational experience. Previously, Mr. Stanton
was Vice-President, Operations at Online Energy Inc.Prior thereto, Mr.
Stanton worked for a number of energy companies including, Oiltec Resources
Ltd., Pinnacle Resources Ltd., Jordan Petroleum Ltd., Transwest Energy Inc.,
Triton Canada Resources Ltd., Canadian Worldwide Energy Ltd., Petro-Canada
Inc., and Result Energy Inc..
John Wittnebel - P.Geol. - Manager, Geology
Mr. Wittnebel is a registered professional geologist with over 33 years of
experience in the oil and gas industry. Prior to being the Exploration Manager
at Online Energy Inc., Mr. Wittnebel was Vice-President, Exploration at Result
Energy Inc. and throughout his career has held positions of increasing
responsibility with Chevron Canada Resources, Renaissance Energy/Husky Energy
and Encal Energy/Calpine Canada. Mr. Wittnebel has wide ranging Canadian and
international exploration and development expertise involving, among other
things, horizontal drilling of conventional and unconventional reservoirs.
Madalena is an independent, Canadian-based, domestic and international
upstream oil and gas company whose main business activities include
exploration, development and production of crude oil, natural gas liquids and
natural gas. The Company currently has production and exploration operations
in Canada and Argentina. Madalena is publicly traded on the TSXV under the
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Kevin Shaw President and Chief Executive Officer Madalena Ventures Inc.
Phone: (403) 835-3158
Dwayne Warkentin Vice Chairman and Vice-President, International Madalena
Ventures Inc. Phone: (403) 262-1901 ext 229
SOURCE: Madalena Ventures Inc.
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-0- Nov/27/2012 22:03 GMT
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