BNP RESOURCES INC. ANNOUNCES PERSONNEL UPDATE
/THIS DOCUMENT IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/
TSX-V BNX.A/BNX.B
CALGARY, Sept. 24 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation") announces the following personnel changes. Mr. Ralph M. Claussner, P. Eng., has agreed to join BNP as a Consulting Engineer. Mr. Claussner has over 25 years of diverse engineering experience across the Western Canada Sedimentary Basin. Mr. Claussner is a member of APEGGA and SPE and will be focusing on the Corporation's plans to place the Jensen light oil pool on production.
In addition, Mr. Toby Schultz, B. Comm (Dist), LL.B who has been providing legal services for BNP, has accepted the Corporate Secretary position at BNP. Mr. Schultz was called to the Bar in 2006. His practice has focused primarily on corporate/commercial law and corporate litigation law. Mr. Schultz has experience sitting on boards and committees for not-for-profit organizations, most recently acting as President and Chair of the All Nations Theatre Society.
BNP would like to announce the resignation of Mr. Ed Nunes-Vaz, VP Land and Business Development and Director of BNP, effective September 30, 2010. Mr. Nunes-Vaz has been with BNP since its inception in 2006. His last major task at BNP - securing the continuation of the Jensen lands and leases until late 2011 - has been accomplished. We wish to thank Mr. Nunes-Vaz for this and his many other contributions to the Corporation over the years.
The Jensen area remains extremely active. The September 1, 2010 Crown land sale saw 16 leases and 3 licences sold with an aggregate bonus of approximately $40 Million. Several industry players have press released their intentions to drill a number of wells in the Jensen area in the coming year.
BNP is actively engaged in the exploration for and the development and production of oil and natural gas reserves. BNP's business strategy is to build sustainable and profitable per share growth through internally generated exploration and development drilling.
BNP has approximately 26,552,434 Class A shares and 922,500 Class B shares issued and outstanding which trade on the TSX Venture Exchange under the symbols "BNX.A and "BNX.B".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Gregory Bilcox, President and CEO, BNP Resources Inc., Phone: 403.695.1091, Fax: 403.265.0413
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