CALGARY, Alberta, Jan. 17, 2013 /CNW/ - 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
"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
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.
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
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
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.
For further information:
SVP Finance & CFO
(403) 538-3580 or (877) 263-0262
President & CEO
(403) 536-8373 or (877) 263-0262
Vice-President - Kingsdale Communications Inc.
(416) 867 2304