Landdrill Announces Appointment of CFO
MONCTON, NB, June 5, 2012 /CNW/ - Landdrill International Inc. (TSXV: LDI) (the "Company" or "Landdrill"), a growth oriented drilling company with full branch operations in Canada, Mexico and Mongolia is pleased to announce the appointment of Roger Rogers, CGA, MBA as Chief Financial Officer of the Company effective June 6th, 2012. Mr. Rogers replaces Derrick West, CA.
Landdrill's CEO, Ronald J. Goguen, Sr., warmly thanked Mr. West for his contribution to the company, "Derrick has been an important member of the team that over the last critical 4 years in our development has contributed greatly to the growth of Landdrill. He has assisted the company in completing several financings and acquisitions which has permitted the company to grow, including during challenging markets. On behalf of the board, management team and employees, I want to thank Derrick for his valuable efforts in support of the company."
Mr. Goguen also welcomed Roger Rogers to his new role with the Company, "we are pleased to welcome Roger as Landdrill's new Chief Financial Officer. Roger has a demonstrated track record of obtaining significant financial and operational efficiencies, with many years focused on strategic planning. He has secured over 20 years of valuable experience with leading and successful companies. Not only does Roger possess the financial aptitude required, he brings experience in operational areas such as procurement, logistics and inventory management. His breadth of experience will be a great asset to Landdrill in streamlining operations in their next phase of growth. Landdrill is in very capable hands with Roger."
Before joining Landdrill, Mr. Rogers held Senior Financial and Operational Executive Positions at Moosehead Breweries Ltd., most recently as the Vice President of Supply Chain. Prior to this role, Mr. Rogers acted as Corporate Controller for Moosehead which followed his role as a Divisional Controller for J.D. Irving Limited. Mr. Rogers has also previously acted as the CFO of a large forestry equipment operator in New Brunswick. Mr. Rogers has attained his professional Certified General Accountant Designation and completed his MBA at Saint Mary's University in Halifax, Nova Scotia.
"I am very pleased to be joining Landdrill", stated Mr. Rogers, "Landdrill is well positioned for short to medium term growth. While the immediate focus will be ensuring that Accounting and Financial functions are optimized, my experience should assist in securing operational efficiencies and improved margins. All of these undertakings will be in done as a joint effort of the Management Team and will be in support of Landdrill's continued strategic growth in the future. The growth of Landdrill over the past few years is impressive and I look forward to be part of a very profitable future."
Landdrill is a growth oriented international drilling company with a focus on the metals and minerals industry. The Company continues to explore opportunities for growth in key markets, either through establishment of new branch offices or through acquisitions as opportunities arise. The Company has 48 drills with full branch operations in Canada, Mexico and Mongolia.
Landdrill has drilled in Canada, Mexico and Asia. Our people have drilled at altitudes over 15,000 feet and in temperatures ranging from -50 degrees Celsius to +50 degrees Celsius.
We view all our customers as partners in every venture because we know that their success ensures our future!
Landdrill offers customized drilling programs to meet your every need and always looks forward to the next challenge.
For detailed information on Landdrill International Inc., or to request a bid submission for your project, please visit our website at www.landdrill.com.
This press release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Landdrill International Inc. (the "Company") and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all terms of the contracts will be fulfilled in their entirety, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include commodity prices, availability of personnel, materials and equipment, actual performance of equipment and processes relative to specifications and expectations, unanticipated environmental impacts and continued availability of capital and financing and general economic, market or business conditions. These risks and uncertainties are discussed in the Company's regulatory filings available at www.sedar.com.
There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information:
Ronald J. Goguen
President and Chief Executive Officer
Landdrill International Inc.
Phone: (506) 388-8961
Renmark Financial Communications Inc.