CALGARY, Feb. 9 /CNW/ - Richards Oil & Gas Limited (the "Company"), (TSX
Venture: RIX) announces today that Mr. Brad Van Den Bussche has resigned from
the Board of Directors of Richards Oil & Gas Limited. The Board of Directors
have elected to not replace this Director position at this time and wish to
thank Mr. Van Den Bussche for his contributions since the inception of the
Company and wish him well in his future endeavours.
Richards Oil & Gas Limited (www.richardsoilandgas.com) is a Calgary-based
exploration company, involved in the development of crude oil and natural gas,
with an emphasis on the exploitation of coal bed methane ("CBM"). The
Company's strategy is use its significant land base and industry-leading
experience in the development of CBM projects to capitalize on opportunities
that create both short-term cash flow and long-term value for its shareholders
by balancing higher risk exploitation with lower risk development
opportunities and earning additional land positions where ever possible.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Brad Turner, President & CEO, Richards Oil &
Gas Limited, Tel: (403) 265-8444, E-Mail: email@example.com; Lonn
Bate, CFO, Richards Oil & Gas Limited, Tel: (403) 265-8444, E-Mail: