TPLM – Triangle Petroleum Corporation
Stock Guru Profile TPLM
When you look at all that TPLM has accomplished in eighteen months the evidence is clear. This company has a management team that knows what it’s doing and they hit the ground running.
The company started eighteen months ago with the combined skill sets of Ron Hietala and Mark Gustafson.
Ron. Hietala spent 19 years at Canadian Hunter Exploration Ltd. as vice-president, manager of reservoir evaluation. As a petrophysicist, he was a key contributor to several of Canadian Hunter’s multitrillion-cubic-foot natural gas discoveries. Canadian Hunter was acquired in 2001 by Burlington Resources Inc. Mr. Hietala is the president of both of the company’s operating subsidiaries and his past Canadian Hunter contacts have led the company to all four of its current project areas. Many of the company’s consultants also have a strong connection to Canadian Hunter.
Mark. Gustafson spent seven years as a chartered accountant with Price Waterhouse, then became the chief financial officer of EnServ Corporation (acquired by Precision Drilling), followed by president of Total Energy Services Ltd. and president of Torrent Energy Corporation. He is the chief executive officer of the company and was responsible for securing $31-million (U.S.) in financing for the company to date.
Troy Wagner is the chief operating officer/vice-president of engineering (10 years with a large Canadian company producing 36,000 barrels of oil equivalent per day) and Aly Musani as CFO (chartered accountant with a progressive oil field service company). In addition the company has appointed Andy Prefontaine as land manager (landman for a large independent operation in Canada and the United States). This team is complemented by a core group of consultants with extensive geological, geophysical and engineering experience.
Board of Directors
Besides Mr. Hietala and Mr. Gustafson, Triangle has two additional board members.
Dr. Steve Holditch is a Houston-based petroleum engineer who built a very successful production and reservoir engineering company over a 20-year period (S.A. Holditch & Associates Inc.) then sold the firm to Schlumberger Technology Corp. Dr. Holditch is currently the Head of the Petroleum Engineering Department at Texas A&M University and actively consults to clients around the world.
John Carlson is a Calgary-based petroleum engineer who spent 16 years with Sproule Associates Ltd., a well-respected reservoir engineering firm. He is currently the president and chief executive officer of Torrent Energy Corp., a coal bed methane exploration and production company.
The company intends to recruit additional independent directors as it considers moving to a more established exchange or marketplace.
Stay tuned as we examine the hot Canadian Properties Triangle Petroleum has as well.
Sergei Stetsenko, President/CFO
Source: Triangle Petroleum Corporation
Suite 1110
521 – 3 Avenue Sw
Calgary, BC T2P 3T3
Phone: (403) 262-4471
Website: http://www.trianglepetroleum.com. About Triangle Petroleum Corporation – Triangle is an exploration company focused on the Barnett Shale project in Texas, the Fayetteville Shale project in Arkansas, large resource plays in the Deep Basin area of Western Canada and in select areas of the western United States. An experienced team comprising technical and business skills has been formed to exploit the Company’s opportunity portfolio. Advanced reservoir description techniques will complement state of the art 3-D seismic interpretations to optimize drill sites. Project specific drilling and well completion techniques will be employed to optimize the production potential for each new pool. A land acquisition strategy employing traditional and new business models will be used to secure the opportunities for Triangle.
Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission (”SEC”) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in TPLM’s Form 10-KSB, File No. 0-51321, available from us at Suite 1110, 521 – 3 Avenue SW, Calgary, Alberta T2P 3T3 Canada. You can also obtain this form from the SEC by calling 1-800-732-0330.
Safe Harbor Statement. This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the amount of funds the Company may receive, the Company’s proposed acquisition and development of properties, including drilling projects. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors about our Company, readers should refer to risk disclosure contained in our reports filed with the Securities and Exchange Commission. Source: TRIANGLE PETROLEUM CORPORATION
Forward Looking Statement: This news release may contain forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company’s operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in IMNR’s periodic filings with the U.S. Securities and Exchange Commission.
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