Business
Storm Cat Energy Corporation Announces Management Changes
Storm Cat Energy Corporation Announces Management Changes.
About this update from Sama Resources Inc.
[{"type":"text","content":"\n\n\n\nDENVER and CALGARY, Alberta, June 21 /CNW/ -- Storm Cat Energy\nCorporation (Amex: SCU; TSX: SME) today announced that it is making senior\nmanagement changes focused on optimizing the Company's structure and\ncontinuing to increase shareholder value. Joseph M. Brooker, who has been\nworking with the Company as an independent consultant since early 2007, has\nbeen named Chief Executive Officer of Storm Cat Energy. Mr. Brooker will be\nappointed to the Company's Board of Directors following the Company's Annual\nGeneral Meeting of Shareholders on June 21, 2007. He plans to assume his\nduties as Chief Executive Officer by July 2, 2007.\n\n\nAlso announced was that Keith Knapstad, who has been serving as Acting\nPresident and Chief Executive Officer of Storm Cat since March 9, 2007, has\nbeen appointed President and Chief Operating Officer. Knapstad will continue\nto have oversight and control of all aspects of the Company's United States\nand Canadian operations.\n\n\n"These senior management changes are a key component of our efforts to\ncontinually strengthen and broaden our management capabilities," said Lead\nDirector Mike Wozniak. "Joe has a solid and impressive track record helping\ngrow energy companies into world-class organizations, while Keith has\nunparalleled operational expertise. By combining their complementary\nbackgrounds and in-depth knowledge of the energy business, it will enable\nStorm Cat to maximize its potential in its current assets and capitalize on\nthe Company's strengths in unconventional resource development."\n\n\nMr. Brooker is a petroleum engineer with nearly 20 years of experience in\nthe oil and gas business. He was most recently Vice President and General\nCounsel of Medicine Bow Energy Corporation, a Denver-based private-equity-\nbacked exploration and production company with operations in the Rockies,\nMid-Continent and East Texas. Medicine Bow sold to El Paso Corporation in\n2005 for $834 million. Prior to that, Mr. Brooker was Vice President of Land\nand General Counsel of Shenandoah Energy Inc, a Denver-based private-equity-\nbacked exploration and production company with operations in the Uinta and\nRaton Basins. Shenandoah sold to Questar Exploration and Production in 2001\nfor $406 million.\n\n\n"Storm Cat is poised for solid growth, and I am excited to b...