Business
Cathedral Energy Services Announces Executive Appointments
/ NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA / CALGARY , Dec. 19, 2013 ...
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nCALGARY, Dec. 19, 2013 /CNW/ - Cathedral Energy Services Ltd. (the\n \"Company\" or \"Cathedral\" / TSX: CET) is pleased to announce that\n Cathedral's Board of Directors have appointed P. Scott MacFarlane as\n President and Chief Executive Officer and Randy Pustanyk as Executive\n Vice President and Chief Operating Officer of Cathedral. Scott\n MacFarlane, a Chartered Accountant, has served as Chief Financial\n Officer of Cathedral since April 2001. Randy Pustanyk, a Professional\n Engineer, was a co-founder of Cathedral and has served as Vice\n President of Operations since Cathedral's inception in 1998.  Scott\n MacFarlane has also been appointed as a director of the Company.\n\n\nRod Maxwell, Chairman of the Company, said \"This decision was made after\n a special committee of the Board completed its selection process and\n carefully considered the best strategy for growing the business of\n Cathedral. The Board is convinced that Cathedral has an excellent team\n of executives in place across both Canada and the United States to\n execute its strategic plan, and to guide our directional drilling and\n testing/frac flowback businesses to success.  We view Scott and Randy\n as having the perfect mix of experience and leadership capabilities\n required to lead the team and execute that plan.\"\n\n\nCathedral's management team is committed to a growth strategy with a\n current focus on the continuation of its U.S. expansion, increasing\n market share in the Canada and enhancing overall profitability.\n\n\nScott MacFarlane will also hold the title as Interim Chief Financial\n Officer until a permanent replacement is selected.\n\n\nCathedral Energy Services Ltd. (the \"Company\"/\"Cathedral\") and its\n wholly owned subsidiary, Cathedral Energy Services Inc., are engaged in\n the business of providing selected oilfield services to oil and natural\n gas companies in western Canada and selected oil and natural gas basins\n in the United States.  The Company is in the process of establishing\n operations in Venezuela for providing directional drilling services\n through its wholly owned subsidiaries Directional Plus International\n Ltd. and Directional Plus de Venezuela, C.A.  The Company's operating\n activities are divided into directional d...