CALGARY, Alberta and DENVER, Jan. 5 /CNW/ --
Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced the
election of Robert J. Clark of Denver, Colorado to its Board of Directors
effectively immediately. Mr. Clark will serve on the Audit and Nomination
Committees. Concurrent with Mr. Clark's election, the Board of Directors
accepted the resignation of Chris Dyakowski.
Scott Zimmerman, Storm Cat President and Chief Executive Officer said:
"Bob's experience, not only in oil and gas, but also in building successful
businesses, will provide additional strength to Storm Cat at a time when we
are rapidly expanding our operations as we execute our growth strategies. His
proven leadership, experience and energy industry savvy make him an ideal
addition to Storm Cat's Board."
Zimmerman added: "The Board of Directors and I want to thank Chris
Dyakowski for his many important contributions to Storm Cat. He served
judiciously on the Board since the Company's inception and we are grateful for
his commitment over the years."
A 38-year veteran of the oil and gas industry, Mr. Clark is President of
Bear Cub Energy, LLC, a privately held gas gathering and processing company,
which he founded in 2001. In 1995, Mr. Clark formed a predecessor company,
Bear Paw Energy LLC, which was sold in early 2001 to Northern Borders
Partners. From 1988 to 1995, he was President of SOCO Gas Systems, Inc. and
Vice President -- Gas Management for Snyder Oil Company, a NYSE-listed
exploration and production company. SOCO was merged with Santa Fe Energy
forming Santa Fe Snyder in 1995.
Mr. Clark was Vice President Gas Gathering, Processing and Marketing of
Ladd Petroleum Corporation, an affiliate of General Electric from 1985 to
1988. Prior to 1985, Mr. Clark held various management positions with NICOR,
Inc. and its affiliate NICOR Exploration, Northern Illinois Gas and Reliance
Pipeline Company. Mr. Clark received his Bachelor of Science Degree from
Bradley University and his M.B.A. from Northern Illinois University.
Mr. Clark currently serves as a member of the Board of Managers for Bear
Cub Energy, LLC and Fluid Compressor Partners and serves on the Board of
Directors of IPAMS, the Independent Petroleum Association of Mountain States.
He most recently served on the Board of Directors for Evergreen Resources,
Inc. which was sold in late 2004 and Patina Oil and Gas Corporation which was
sold in early 2005.
Coincident with his appointment, the Company has granted to Mr. Clark a
five-year option under its stock option plan to purchase up to 100,000 Common
shares of the Company at an exercise price of CDN $3.24 per share.
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the
pursuit, exploration and development of large unconventional gas reserves from
fractured shales, coal beds and tight sand formations. The Company has
producing properties in Wyoming's Powder River Basin, exploitation and
development acreage in Canada and Alaska, and high-risk, high-reward
exploration acreage in Mongolia. The Company's shares trade on the American
Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture
Exchange under the symbol "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
"J. Scott Zimmerman"
J. Scott Zimmerman
President and Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
