CALGARY, Alberta, Jan. 17, 2013 /PRNewswire/ - Equal Energy Ltd.
(TSX: EQU) (NYSE: EQU) today named Scott
Smalling as Vice-President and Chief Financial Officer as
part of its strategic plan to strengthen its presence in
Oklahoma.
Mr. Smalling will take up his new position on
February 1, 2013 and will be based in
Equal's Oklahoma City office. His
appointment reflects Equal's focus on its Oklahoma operations as it transitions to a
US-based operating entity.
Mr. Smalling is a graduate of Oklahoma State University with a B.S. majoring in
finance. He is also a Chartered Financial Analyst (CFA). He
brings to Equal a diverse set of talents and experience in the
areas of corporate finance and banking, planning, budgeting and
corporate modeling, risk management and investor relations.
Mr. Smalling was most recently Treasury Manager at a major
independent public oil and gas company.
"We are very happy to have recruited Scott as
part of our leadership team", Don
Klapko, Equal's President and Chief Executive Officer, said.
"He has a diverse background and extensive experience in many
facets of helping lead an independent, public oil and gas
company. With Equal's asset base now exclusively in
Oklahoma, it is important that we
are led by people on the ground in Oklahoma with experience and contacts in the
mid-continent."
Equal is also proceeding with a search for
senior engineering and exploration executives, to be based in
Oklahoma.
Dell Chapman, the
current Senior Vice-President Finance and Chief Financial Officer,
will remain with Equal until the company has completed its year-end
audit and reporting requirements, and preparations for the 2013
annual shareholder meeting.
About Equal Energy:
Equal Energy is an oil and gas exploration and
production company based in Calgary,
Alberta, with its United
States operations office located in Oklahoma City, Oklahoma. Our shares and
convertible debentures are listed on the Toronto Stock Exchange
under the symbols (EQU, EQU.DB.B), and our shares are listed on the
New York Stock Exchange under the symbol (EQU). Our oil and gas
assets are centered on the Hunton liquids-rich natural gas property
in Oklahoma.
Forward-looking Statements:
Certain information in this press release constitutes
forward-looking statements under applicable securities law
including the timing of Mr. Smalling's starting date, the
completion of Mr. Chapman's employment with Equal and the potential
addition of other senior executives. Any statements that are
contained in this press release that are not statements of
historical fact may be deemed to be forward-looking statements.
Forward-looking statements are often identified by terms such as
"may," "should," "anticipate," "expects," "seeks" and similar
expressions.
Forward-looking statements necessarily
involve known and unknown risks, such as risks associated with
closing the Royalties sale, assignment of tax pools and subsequent
payment, oil and gas production; marketing and transportation; loss
of markets; volatility of commodity prices; currency and interest
rate fluctuations; imprecision of reserve and future production
estimates; environmental risks; competition; incorrect assessment
of the value of acquisitions; failure to realize the anticipated
benefits of dispositions; inability to access sufficient capital
from internal and external sources; changes in legislation,
including but not limited to income tax, environmental laws and
regulatory matters. Readers are cautioned that the foregoing
list of factors is not exhaustive.
Readers are cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated
forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
Additional information on these and other
factors that could affect Equal's operations or financial results
are included in Equal's reports on file with Canadian and U.S.
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com), the SEC's website (www.sec.gov),
Equal's website (www.equalenergy.ca) or by contacting Equal.
Furthermore, the forward looking statements contained in this news
release are made as of the date of this news release, and Equal
does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result
of new information, future events or otherwise, except as expressly
required by securities law.
SOURCE Equal Energy Ltd.