Business
NWest Energy Names Robert D. Webb Interim President and CEO
ST. JOHN'S, Feb. 16 /CNW/ - NWest Energy Inc. ("NWest" or "the Company" TSX-V: NWN) announces tha...
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[{"type":"text","content":"\n\n\n\nST. JOHN'S, Feb. 16 /CNW/ - NWest Energy Inc. ("NWest" or "the Company"\nTSX-V: NWN) announces that Robert Webb, NWest's Vice-President Business\nDevelopment and Operations, has been named interim President and CEO.\n\n\nThe appointment of Mr. Webb as President and CEO is effective February\n16, 2009 and follows the resignation of Francois Gauthier from those positions\nand as a Director of the Company.\n\n\n"We respect Francois's desire to move to other opportunities upon\ncompletion of our recent seismic program and we thank him for the\ncontributions he has made." said Mr. Webb. "In assuming the roles of CEO and\nPresident on an interim basis, I am excited about the opportunity to lead\nNWest through the next phase of our project in this challenging economic\nenvironment. Securing joint-venture exploration partners and seeking new\nprojects will be my top priority."\n\n\nMr. Webb joined NWest Energy in June 2008 and was formerly a Director at\nCIBC World Markets. Working in Calgary and London, he played a role in\nfinancing and merger and acquisition transactions with an aggregate value of\nover $10 billion. Prior to his investment banking career, he provided project\nmanagement and engineering services with Schlumberger to clients in Indonesia,\nVietnam, Russia and the United Kingdom. Mr. Webb has an MBA degree from the\nUniversity of Toronto's Rotman School of Management and an Engineering degree\nfrom Memorial University of Newfoundland.\n\n\nAbout NWest Energy\n\n\nNWest Energy is a Canadian junior oil and gas company exploring\nhigh-margin frontier basins for long-term, sustainable value creation. To\ndate, NWest has acquired four properties, located off the west coast of\nNewfoundland and Labrador. All properties have defined seismic targets along\nwith considerable exploration potential to host large oil and gas reservoirs.\nThrough its exploration licenses, NWest holds approximately 1.6 million acres\nof highly prospective frontier property in a geologically favourable\nenvironment for exploration. Further information regarding the company and its\nexploration licences is available at www.nwestenergy.com.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. The statements\nmade in this News Relea...