Business
Madalena Announces Appointment and Grant of Options to New Independent Directors
TSXV Trading Symbol: MVN OTC Trading Symbol: MDLNF CALGARY , Sept. 23, 2014 /CN...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\nTSXV Trading Symbol: MVN\nOTC Trading Symbol: MDLNF\n\n\nCALGARY, Sept. 23, 2014 /CNW/ - Madalena Energy Inc. (TSX-V: MVN) and (OTC: MDLNF) (the \"Company\" or \"Madalena\") is pleased to announce\n that Messrs. Douglas E. Brooks and Steven Sharpe, two new independent\n directors have joined the Madalena board of directors (the \"Board\"). \n \"This is an exciting time for Madalena following our recent\n transformational transaction and our transition to a more balanced\n business strategy\", said Raymond Smith, Chairman of the Board. \"We are\n very pleased that Douglas and Steven have agreed to join the Board and\n feel that Madalena and its shareholders will benefit greatly from the\n education, experience and skills that these two highly qualified\n individuals possess.\"  The following is a brief biography of each of\n these new independent directors.\n\n\nDouglas Brooks\n\n\nMr. Brooks is an executive with 32 years' experience in the oil and\n natural gas exploration and producing industry in positions of\n increasing responsibility, including eleven years at the executive\n level and seven years as a company President and CEO.  In 2012 Mr.\n Brooks joined Aurora Oil & Gas Ltd. as CEO and member of the board of\n directors.   Aurora was an ASX and TSX listed public company and was\n one of Australia's largest oil and gas companies prior to it being\n purchased by Baytex Energy Corp. for $2.6 billion in June, 2014. Under\n Mr. Brooks' leadership Aurora implemented a new strategy to transform\n it from a non-operated production company into an operating focused\n company to unlock greater shareholder value by leveraging its existing\n significant technical and commercial expertise in the Eagle Ford\n formation of south Texas.  The strategy resulted in accretive growth\n through targeted acquisitions of under developed nearby Eagle Ford\n assets and selective exploration efforts resulting in Aurora operating\n nearly 30% of its production and 45% of its leasehold interests,\n including one new core exploration area at the time of the purchase by\n Baytex. Mr. Brooks has previously also worked as President and CEO of\n two private equity sponsored companies from 2006 to 2011.  Prior\n thereto, Mr. Brooks held various positions at Marathon Oil Company from\n 1982-2006, including an e...