Pengrowth Energy Trust Announces Executive Appointment
April 19 2005 - 6:43PM
PR Newswire (US)
Pengrowth Energy Trust Announces Executive Appointment Stock
Symbol: (PGF.A/PGF.B) - TSX; (PGH) - NYSE CALGARY, April 19
/PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"),
administrator of Pengrowth Energy Trust (the "Trust"), is pleased
to announce the appointment of James J. Emme as Executive Vice
President, Pengrowth Corporation and Vice President, Pengrowth
Management Limited. In his new position, Mr. Emme will report
directly to James S. Kinnear, the President of Pengrowth
Corporation, and will have broad responsibilities for the operating
activities of Pengrowth Corporation and the business development
activities of Pengrowth Management Limited. Pending approval of the
executive appointment in accordance with Canadian immigration
guidelines, Mr. Emme will evaluate Pengrowth's existing properties
as a geological consultant and will actively support Pengrowth's
business development. Mr. Emme is a seasoned top oil and gas
industry executive with a proven track record of success and
leadership over a 25-year career in the oil and gas industry
through increasing levels of responsibility in exploration,
exploitation, general management, and corporate development in
North America and internationally. Mr. Emme received a Bachelor of
Science in Geology from the University of California in 1978 and a
Masters in Geology from the Colorado School of Mines in 1981. He
joined Anadarko in 1981 and held many positions throughout the
Anadarko organization over the course of 23 years, including
serving as President of Anadarko Canada during 2000-2001 when the
company produced up to 93,000 boepd and employed 500 people with an
annual capital budget of up to U.S. $400 million. In his final
position of Vice President Exploration and Business Development of
Anadarko in Houston, Texas, he managed the global exploration
program of the company. During the course of his diverse career
with Anadarko, Mr. Emme successfully led exploration activities
offshore in the Gulf of Mexico, onshore U.S., Canada, Alaska and
Algeria. He also actively participated in strategic mergers,
acquisitions and divestitures in the U.S. and Canada. He
demonstrated an ability to manage risk while recognizing and
capturing impact growth opportunities. As an explorationist and
manager, he contributed to Anadarko's major discoveries in the
Berkine Basin of Algeria, deep water Gulf of Mexico, North Slope of
Alaska and Bossier Play in East Texas and North Louisiana. As
President of Anadarko Canada, he successfully implemented a growth
mandate adding both reserves and production. Over the past seven
years, Mr. Emme has had significant exposure to acquisitions and
optimizations. In 2001, Mr. Emme oversaw Anadarko's acquisition of
Berkeley Petroleum and he played a key role in the merger and
integration of Anadarko and Union Pacific Resources in 2000. Mr.
Emme's broad management and technical experience will be very
valuable to Pengrowth Corporation and Pengrowth Management Limited
as additional value is sought from the company's existing base of
assets and as Pengrowth seeks new opportunities to make
acquisitions, to identify upside and to execute Pengrowth's
business plan, both domestically and internationally. PENGROWTH
CORPORATION James S. Kinnear, President DATASOURCE: Pengrowth
Energy Trust CONTACT: For further information about Pengrowth,
please visit our website http://www.pengrowth.com/ or contact:
Investor Relations, Calgary E-mail: , Telephone: (403) 233-0224,
Toll Free: 1-800-223-4122, Facsimile: (403) 294-0051; Investor
Relations, Toronto E- mail: , Telephone: (416) 362-1748, Toll Free:
1-888-744-1111, Facsimile: (416) 362-8191
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