CALGARY, Nov. 28 /CNW/ - Avery Resources Inc. (TSXV:ARY) (the
"Corporation" or "Avery") today announced that Ms. Judith Stripling of
Calgary, Alberta has been appointed to the Board of Directors of the
Corporation (the "Board"). Ms. Stripling fills the vacancy created by the
recent resignation of Mr. Bradley Johnson from the Board.
"We look forward to the addition of Ms. Stripling's financial acumen to
the Board as we continue to grow our international hydrocarbon exploration and
production activities," said David Little, Chairman and CEO of Avery.
Judith Stripling is Executive Vice President and Chief Financial Officer
of Midnight Oil Exploration Ltd., a junior oil and gas exploration company
located in Calgary, Alberta, Canada. Prior thereto, Ms. Stripling was
cofounder and Vice President, Finance and Chief Financial Officer of Midnight
Oil & Gas Ltd., a predecessor of Daylight Energy Trust which spun out Midnight
Oil Exploration Ltd. Before co-founding Midnight Oil and Gas, Ms. Stripling
was Vice President, Finance and Chief Financial Officer of Ulster Petroleums
Ltd., an intermediate oil and gas exploration company. Ms. Stripling is a
Chartered Accountant and a current member of Financial Executives
International. Ms. Stripling will serve on Avery's Audit Committee.
As well, the Corporation announced that the financial results for the
second quarter ended September 30, 2006 have been filed. For a complete copy
of the results please visit www.sedar.com or the Corporation's website at
www.averyresources.com.
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Highlights of the second quarter ended September 30, 2006 include:
- Earnings of $655,762 or $0.01 per share compared to a loss of
$(313,148) or $(0.02) per share in the quarter ended September 30,
2005.
- Funds flow from operations of $969,258 compared to $(250,584) in the
same period in 2005.
>>
About Avery
Avery Resources is an international hydrocarbon exploration and
production company based in Calgary, Alberta. The Company is committed to
growing shareholder value through international acquisitions and exploration
in countries that provide significant exploration upside coupled with
favorable fiscal and legal systems. Avery's primary interest is in Australia,
where the Company is building a significant presence through production,
partnerships, drilling and acquisitions. Avery is focusing its current
drilling activity in the Cooper Basin region of Australia.
Disclaimers
Except for statements of historical fact, all statements in this press
release, without limitation, regarding new projects, acquisitions, and future
plans and objectives are forward-looking statements which involve risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00003559E
