Compton Petroleum announces management changes
May 14 2009 - 5:30PM
PR Newswire (US)
CALGARY, May 14 /PRNewswire-FirstCall/ -- Compton Petroleum
Corporation (TSX - CMT, NYSE - CMZ) wishes to announce the
resignation of Mr. Tim Millar, Vice President, General Counsel
& Corporate Secretary, to pursue other opportunities effective
May 31, 2009. The Company also announces that Mr. David Horn will
join Compton in a new position as Vice President, Business
Development and Land, effective May 19, 2009. Mr. Horn's career
spans over 25 years of acquisition and divestiture and land
experience in the petroleum industry, having executed over $5
billion in corporate and asset acquisitions and divestitures during
this time. Previously, he was President of The Oil and Gas Asset
Clearinghouse, managing the company's Calgary office. Prior to
that, Mr. Horn held various senior positions in land, acquisitions
and divestitures at several companies, including Tristone Capital
Inc., EnCana Corporation, PanCanadian Petroleum, Altana Exploration
and Amoco Canada Petroleum Company Ltd. He holds a Bachelor of Arts
in Economics from the University of Calgary. Mr. Horn has been an
active member of several professional associations, including the
Canadian Association of Petroleum Landmen and the American
Association of Petroleum Landmen. He presently serves on the Board
of Directors of the Petroleum Acquisition and Divestiture
Association. "I would like to sincerely thank Tim for his
contribution to Compton over his tenure here," said Tim Granger,
President and Chief Executive Officer. "He's provided legal counsel
and direction since the Company became public in the mid-1990s. On
behalf of the Board and the Company, I wish him well in his future
endeavors." Mr. Granger continued, "I would like to welcome David
Horn to the Company. David enters into a new role at Compton,
providing extensive business development and land experience that
will be instrumental to our future direction." Forward Looking
Statements Certain information regarding the Company contained
herein constitutes forward-looking information and statements and
financial outlooks (collectively, "forward-looking statements")
under the meaning of applicable securities laws, including Canadian
Securities Administrators' National Instrument 51-102 Continuous
Disclosure Obligations and the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
estimates, plans, expectations, opinions, forecasts, projections,
guidance, or other statements that are not statements of fact,
including statements regarding (i) cash flow and capital and
operating expenditures, (ii) exploration, drilling, completion, and
production matters, (iii) results of operations, (iv) financial
position, and (v) other risks and uncertainties described from time
to time in the reports and filings made by Compton with securities
regulatory authorities. Although Compton believes that the
assumptions underlying, and expectations reflected in, such
forward-looking statements are reasonable, it can give no assurance
that such assumptions and expectations will prove to have been
correct. There are many factors that could cause forward-looking
statements not to be correct, including risks and uncertainties
inherent in the Company's business. These risks include, but are
not limited to: crude oil and natural gas price volatility,
exchange rate fluctuations, availability of services and supplies,
operating hazards, access difficulties and mechanical failures,
weather related issues, uncertainties in the estimates of reserves
and in projection of future rates of production and timing of
development expenditures, general economic conditions, and the
actions or inactions of third-party operators, and other risks and
uncertainties described from time to time in the reports and
filings made with securities regulatory authorities by Compton.
Statements relating to "reserves" and "resources" are deemed to be
forward-looking statements, as they involve the implied assessment,
based on estimates and assumptions, that the reserves and resources
described exist in the quantities predicted or estimated, and can
be profitably produced in the future. The forward-looking
statements contained herein are made as of the date of this news
release solely for the purpose of generally disclosing Compton's
changes in management. Compton may, as considered necessary in the
circumstances, update or revise the forward-looking statements,
whether as a result of new information, future events, or
otherwise, but Compton does not undertake to update this
information at any particular time, except as required by law.
Compton cautions readers that the forward-looking statements may
not be appropriate for purposes other than their intended purposes
and that undue reliance should not be placed on any forward-looking
statement. The Company's forward-looking statements are expressly
qualified in their entirety by this cautionary statement. About
Compton Petroleum Corporation Compton Petroleum Corporation is a
Calgary-based public company actively engaged in the exploration,
development, and production of natural gas, natural gas liquids,
and crude oil in the Western Canada Sedimentary Basin. Compton's
shares are listed on the Toronto Stock Exchange under the symbol
CMT and on the New York Stock Exchange under the symbol CMZ.
DATASOURCE: Compton Petroleum Corporation CONTACT: Susan J.
Soprovich, Director, Investor Relations, Ph: (403) 668-6732, Fax:
(403) 237-9410, Email: , Website: http://www.comptonpetroleum.com/
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