Microsoft Word - 150317 ASX Announcement - Chg of board composition
Elk Petroleum Ltd ABN 38 112 566 499
16 March 2015
CHANGE OF BOARD COMPOSITION
Elk Petroleum Limited ( ASX Code: ELK) wishes to announce the appointment of Mr Russell
Krause as a new Non-Executive Director, effective 13 March.
Mr Krause has over 25 years experience in Stockbroking and Investment Management with a primary focus on the resources sector. He has held a number of Directorships and Senior Management positions with a number of Australia's leading firms, including firms with US oil and gas assets. For the past ten years he has worked on a number of North American oil and gas projects in relation to Capital Raising and Corporate Advisory.
Mr Krause's appointment follows the retirement of Mr Tony Strasser on 13 March.
Mr Krause's Appendix 3X and Mr Strasser's Appendix 3Z are attached to this release.
Non-Executive Chairman, Dr Neale Taylor expressed his gratitude for Mr Strasser's significant contribution to the Company over an extended period, and wished him all the best for his future endeavours. Dr Taylor welcomed Mr Krause to the Board.
For further information please contact:
Scott Hornafius, CEO
Phone: +1 307 265 3326
OR
Elk Petroleum Investor Relations
Email: [email protected]
ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 9299 9690
341 George Street
Sydney NSW 2000
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ABOUT ELK PETROLEUM
Elk Petroleum Limited ABN 38 112 566 499 (ASX: ELK) is an oil and gas producer and developer with assets located in one of the richest onshore oil regions of the USA: the Rocky Mountains. Listed on the ASX in 2005, Elk's strategy is focused on applying established enhanced oil recovery (EOR) technologies to mature oil fields. This strategy significantly de-risks the process of finding and exploiting oil field reserves.
Leveraging proven EOR technology and experience, Elk is currently developing the Grieve oil field in Wyoming in a joint venture with Denbury Resources (Elk - 35% WI) and planning for a CO2-based EOR project at the Singleton oil field in Nebraska (Elk - 100% WI & operator).
On 22 December 2014, Elk announced it has entered into a Merger Implementation Deed with Metgasco Limited (ASX:MEL) for the acquisition of all the ordinary shares and listed options in Elk through a Scheme of Arrangement. The terms and conditions of the proposal are sent out in announcements released by each company on the above referenced date; the announcements are available on Elk's website.
For more information on Elk, see Elk's most recent ASX Announcements and Investor Presentations, which are available on Elk's website www.elkpet.com.
ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 8256 3262
341 George Street
Sydney NSW 2000