Seven Generations Energy Ltd., an oil & gas developer based in Calgary, announced that it has appointed Craig Glick to the company’s board of directors. Glick is senior managing director of U.S. energy-focused private equity firm Natural Gas Partners, one of the company’s founding shareholders. Seven Generations has been private equity-backed since 2008. Its other major investors include ARC Financial Corp., Canada Pension Plan Investment Board and KERN Partners.
Seven Generations Energy Ltd. Appoints Additional Director
CALGARY, Aug. 12, 2013 /CNW/ – Seven Generations Energy Ltd. (the “Company”) is pleased to announce that it has appointed Craig Glick to the Board of Directors of the Company. Mr. Glick is a Senior Managing Director of Natural Gas Partners (“NGP”), one of the founding major shareholders of the Company, and leads the NGP team responsible for Canadian investments in the NGP portfolio.
Kent Jespersen, the Chair of the Board of Directors of the Company, stated, “We are delighted that NGP, a large and highly respected US private energy investor, has resumed active participation in the governance of the Company.”
Founded in 2008, Seven Generations Energy Ltd. is a private oil and gas developer based in Calgary, Alberta. The Company is engaged in the delineation and development of its Kakwa River Project, a multi-zone, tight, rich gas project in the Alberta Deep Basin, approximately 100 km south of Grand Prairie, Alberta.
This press release may contain forward-looking information and statements regarding the Company. Any statements included in this press release that address activities, events or developments that the Company “expects,” “believes,” “plans,” “projects,” “estimates” or “anticipates” will or may occur in the future are forward-looking statements. Actual results may differ materially due to a variety of important factors. Among other items, such factors might include: planned and unplanned capital expenditures; changes in general economic conditions; uncertainties in reserve, resource and production estimates; unanticipated recovery or production problems; weather-related interference with business operations; the effects of delays in completion of, or shut-ins of, gas and liquids gathering systems, pipelines and processing facilities; potential costs associated with complying with new or modified regulations; oil and natural gas prices and competition; the impact of derivative positions; production expense estimates; cash flow and cash flow estimates; drilling and operating risks; our ability to replace oil and gas reserves; volatility in the financial and credit markets or in oil and natural gas prices. Except as required by law, the Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change. Do not place undue reliance on forward-looking information.
SOURCE Seven Generations Energy Ltd.
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