CALGARY,
Oct. 13, 2011 /PRNewswire/ -
(TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier")
announced today that Matthew
Philipchuk, President, has resigned from PetroFrontier
effective immediately in order to pursue other business
opportunities in Australia.
Robert Iverach, Executive Chairman
of PetroFrontier expressed his thanks on behalf of the Board and
stated: "Matthew was a leader in founding PetroFrontier in
February 2009 and in accumulating its
substantial land position in the Georgina Basin of the Northern
Territory, Australia, that the
corporation is now actively exploring. PetroFrontier's Board of
Directors thanks him for his past service and wishes him success in
his future ventures."
The Board of PetroFrontier is pleased to announce that
Paul Bennett, Chief Executive
Officer of PetroFrontier, has also been appointed President
effective immediately. With an executive career spanning over 37
years in geoscience, mining and the oil and gas industry, Paul has
supervised technical geological and geophysical teams in the
Gulf of Mexico, the North Sea,
Western Canada, Newfoundland and Nova Scotia. Paul has held the position of
Chief Executive Officer of PetroFrontier since its formation on
February 6, 2009. Paul is a geologist
with a proven track record of value creation through both
development and exploration in growth oriented oil and natural gas
companies. In his new capacity he will continue to apply his long
history of consistent success as an executive for the benefit of
PetroFrontier shareholders.
Concurrently, PetroFrontier is recruiting for the position of
Chief Operating Officer, to lead its operations in Adelaide, South
Australia. For further information regarding this position
please contact Mr. Sean McBurney,
Senior Client Partner at Korn/Ferry International at +1 (403)
215-2548.
Additional Information
Please note that PetroFrontier's Annual General and
Special Meeting of Shareholders has been delayed by two days and
re-scheduled to Thursday November 10,
2011 at PetroFrontier's Conference Centre, Main Floor, 715 5
Ave. SW, Calgary, Alberta, Canada
beginning at 10:00 a.m. (MT) so that
changes to the Management Information Circular reflecting the above
noted management changes could be included therein.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in
the exploration, acquisition and development of both conventional
and unconventional petroleum assets in Australia's Southern Georgina Basin.
PetroFrontier's common shares are listed on the TSX Venture
Exchange under the symbol "PFC". Founded in 2009, PetroFrontier is
one of the first companies to undertake exploration in the Southern
Georgina Basin in Australia's
Northern Territory. PetroFrontier's head office is based in
Calgary, Alberta and operations
office is in Adelaide,
South Australia.
Forward-Looking Statements
This press release may contain forward-looking information
that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of
PetroFrontier, including, without limitation, statements pertaining
to management's future plans and operations. All statements
included herein, other than statements of historical fact, are
forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such information. A description of assumptions used to
develop such forward-looking information and a description of risk
factors that may cause actual results to differ materially from
forward-looking information can be found in PetroFrontier's
disclosure documents on the SEDAR website at
www.sedar.com. Any forward-looking statements
are made as of the date of this release and, other than as required
by applicable securities laws, PetroFrontier does not assume any
obligation to update or revise them to reflect new events or
circumstances.
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.
SOURCE PetroFrontier Corp.