TSX-V Symbol "AEC-V"
CALGARY, Jan. 29 /CNW/ - Action Energy Inc. ("Action" or "the Company")
announces the resignation of Mr. R.D. (Bob) Bowman, the Company's President
and Chief Operating Officer. Mr. Bowman served Action for the last 2 1/2 years
and successfully guided the Company through becoming a publicly traded
corporation through a plan of arrangement in late 2006 with High Plains Energy
Inc. Mr. Bowman resigned for personal reasons and the board of directors of
Action wishes to thank him for his contribution to the success and growth of
the Company during his time of employment.
Mr. Roger Tang, Action's Chairman, has assumed the position of President
and Chief Executive Officer of the Company. In addition, Mr. Douglas Cole, has
been appointed as Senior Vice President, Engineering of Action. Mr. Tang
indicated that these management changes along with the appointments in late
2007 of Mr. Kelly Kerr as Vice President, Finance and Chief Financial Officer
and Mr. Mark Lenko as Vice President, Operations will provide for an effective
distribution of duties within the management team of the Company.
Action Energy Inc. is a Canadian junior oil and gas company engaged in
the exploration, development and production of oil and natural gas reserves in
the provinces of Alberta and Saskatchewan.
For further information, the full 2006 Annual Report to Shareholders and
the Annual Information Form have been posted on the Company's website:
www.action-energy.com or, alternatively, can be viewed at www.sedar.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Kelly D. Kerr, Vice-President Finance & CFO
Action Energy Inc., Telephone: (403) 264-1112