/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES/
TSXV Trading Symbol: MVN
CALGARY, Nov. 27, 2012 /CNW/ - Madalena Ventures Inc. ("Madalena" or the
"Company"), is pleased to announce that Mr. Kevin Shaw, P.Eng, MBA has been appointed President and Chief Executive Officer of
the Company, effective immediately. Mr. Shaw will also be joining the
Company's Board of Directors. Mr. Warkentin will move to the position
of Vice-Chairman of the Company's Board of Directors and
Vice-President, International, where his international expertise will
continue to be invaluable.
Mr. Shaw holds significant oil & gas industry experience as an Engineer,
Manager and Officer, working for both large and small-cap E&P's, as
well as extensive experience in the capital markets and consulting
services sides of the energy sector. Prior to joining Madalena, Kevin
most recently headed up the energy team at Casimir Capital and held the
position of Managing Director & Head of Global Energy Research,
responsible for coverage and/or advisement on over 30 domestic and
international E&P companies. Prior to Casimir, Kevin worked with
Wellington West Capital Markets as a Senior Oil & Gas Research Analyst,
and Partner, and was a key member of Wellington West's successful
Energy business prior to Wellington's sale to National Bank of Canada
in the summer of 2011. Prior to holding executive positions within the
Capital Markets, Mr. Shaw has also held oil and gas positions heading
up large operational & engineering consultant teams for major E&P's as
an Alliance Manager for Colt WorleyParsons, was a Vice President,
Operations for a public jr. E&P (Trimox Energy Inc.), and has held
various technical & managerial roles with ExxonMobil (via Imperial
Oil). Kevin is a Professional Engineer and holds a B.Sc. in Mechanical
& Petroleum Engineering from the University of Calgary and an MBA from
the Haskayne School of Business.
As President and CEO of Madalena, Mr. Shaw will be working closely with
the Company's Board of Directors and management team to integrate and
ramp production and cash flow associated with its Canadian oil and gas
properties acquired in early November while working to unlock value in
the Company's international assets. He will also be responsible for
the review of all financing and business development alternatives for
the Company with a view to creating long-term shareholder value. "Mr.
Shaw brings extensive oil and gas and capital markets experience, both
in the domestic and international marketplace," said Madalena Chair,
Ray Smith. "We are delighted to welcome him to our Board and executive
Madalena is also pleased to announce the following additions to the
Steve Dabner - P.Geol. - Vice-President, Exploration
Mr. Dabner has over 27 years of experience in the oil and gas industry.
Prior to co-founding Online Energy Inc. in 2009, Mr. Dabner was
President and Chief Executive Officer of Trimox Energy Inc. and Moxie
Exploration Ltd. and Vice-President, Exploration and Chief Financial
Officer of Moxie Petroleum Ltd. Prior thereto he held positions of
increasing responsibility with Cimarron Petroleum Ltd. and Home Oil
Brent Foster - P.Eng. - Vice-President, Engineering
Mr. Foster is a registered Professional Engineer, with 30 years of
experience in exploitation and development of oil and gas pools in the
Western Canadian Sedimentary Basin and the Cooper Basin in South
Australia. Prior to being the VP, Engineering at Online Energy Inc, Mr.
Foster was previously the Vice-President, Engineering & COO, Blue
Mountain Energy Ltd. and Vice-President, Engineering, Hadrian Energy
Corp. Mr. Foster started his career with Rigel Oil and Gas Ltd. and
Home Oil Company Ltd.
Robert Stanton - P.Eng. - Vice-President, Operations
Mr. Stanton is a Professional Engineer who has acquired over 27 years of
well-rounded engineering and operational experience. Previously, Mr.
Stanton was Vice-President, Operations at Online Energy Inc. Prior
thereto, Mr. Stanton worked for a number of energy companies including,
Oiltec Resources Ltd., Pinnacle Resources Ltd., Jordan Petroleum Ltd.,
Transwest Energy Inc., Triton Canada Resources Ltd., Canadian Worldwide
Energy Ltd., Petro-Canada Inc., and Result Energy Inc..
John Wittnebel - P.Geol. - Manager, Geology
Mr. Wittnebel is a registered professional geologist with over 33 years
of experience in the oil and gas industry. Prior to being the
Exploration Manager at Online Energy Inc., Mr. Wittnebel was
Vice-President, Exploration at Result Energy Inc. and throughout his
career has held positions of increasing responsibility with Chevron
Canada Resources, Renaissance Energy/Husky Energy and Encal
Energy/Calpine Canada. Mr. Wittnebel has wide ranging Canadian and
international exploration and development expertise involving, among
other things, horizontal drilling of conventional and unconventional
Madalena is an independent, Canadian-based, domestic and international
upstream oil and gas company whose main business activities include
exploration, development and production of crude oil, natural gas
liquids and natural gas. The Company currently has production and
exploration operations in Canada and Argentina. Madalena is publicly
traded on the TSXV under the symbol "MVN".
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Madalena Ventures Inc.
For further information:
President and Chief Executive Officer
Madalena Ventures Inc.
Phone: (403) 835-3158
Vice Chairman and Vice-President, International
Madalena Ventures Inc.
Phone: (403) 262-1901 ext 229