CALGARY, Jan. 11, 2012 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the appointment of
three independent directors to its board - Dr. Brian J. Moss, Mr.
Stephen N. Inbusch and Mr. Bill Wheeler. The new members bring a wealth
of international exploration, development and financial experience to
the Company as it advances its operations in Australia and India.
Dr. Brian J. Moss, Ph.D., P.Geol: Dr. Moss brings more than 35 years of
international exploration and development experience in oil and gas to
Bengal. Dr. Moss is a director and Executive Vice President (Latin
America) of Antrim Energy Inc. Previously, he was President and CEO of
Los Altares Resources Ltd. and has held executive positions at Rio Alto
Exploration Ltd., Alberta Energy Company and Conwest Exploration Ltd.
Dr. Moss holds a Ph.D. in Petroleum Geology from the Royal School of
Mines, University of London, UK. He is a member of the Association of
Professional Engineers, Geologists and Geophysicists of Alberta.
Mr. Stephen N. Inbusch, B.A.: Mr. Inbusch brings more than 40 years of
international energy sector investment banking experience, including
merger and acquisition transactions and raising capital. During the
course of his career, Mr. Inbusch has held Managing Director positions
at Canadian and U.S. banking firms and public oil and gas companies,
including CIBC World Markets, and Randall & Dewey/Jeffries. Mr. Inbusch
received his B.A. from Colgate University in 1971. Mr. Inbusch is Chief
Financial Officer of Dynamic Global Advisors and has held that position
Mr. Bill Wheeler, C.F.A., B.Comm: Mr. Wheeler co-founded Leith Wheeler
Investment Counsel ("Leith Wheeler") in 1982, which firm currently
manages over $11 billion for private and institutional clients. Mr.
Wheeler has retired from the day to day operations of Leith Wheeler but
continues to serve as Chairman of the Board. He also sits on the board
of Azabache Energy Ltd. In addition, he is President of Texada Capital
Management Ltd., a private company. Mr. Wheeler holds a Chartered
Financial Analyst designation and received his B.Comm from the
University of British Columbia in 1970.
"Bengal welcomes these three strong individuals to our board," said
Chayan Chakrabarty, President and CEO of Bengal. "We look forward to
integrating their experience and guidance towards accelerating Bengal's
significant growth potential."
Bengal Energy Ltd. is an international junior oil and gas exploration
and production company with assets in Australia and India. The Company
is committed to growing shareholder value through international
exploration, production and acquisitions. Bengal trades on the TSX
under the symbol BNG. Additional information is available at www.bengalenergy.ca.
SOURCE Bengal Energy Ltd.
For further information:
Bengal Energy Ltd.
Chayan Chakrabarty, President and CEO
Bryan Goudie, CFO