CALGARY, April 5, 2012 /CNW/ - E-T Energy Ltd. ("E-T Energy" or the "Company") is pleased to provide an update concerning its Board of Directors and Management Team.
Dr. Bruce C.W. McGee has resigned as Executive Chairman to spend more time on McMillan-McGee Corp. where he is President and CEO. Dr. McGee will continue to be actively involved through McMillan-McGee Corp. as a key service provider to E-T Energy on the development of the ET-DSP™ technology. McMillan-McGee Corp. is also the current supplier of electrodes to E-T Energy. Mr. Wayne Newhouse, P.Eng, a long-standing member of the Board of Directors of E-T Energy, has been appointed as Chairman of the Board. Mr. Gordon Singer has returned to his role as Chair of the Audit Committee. Dr. McGee will remain on the Board of Directors.
E-T Energy has appointed Mr. Peter Johanson as Chief Financial Officer. Mr. Johanson is a Chartered Accountant and a Chartered Business Valuator. He previously held positions with Capital Power Corp., an Alberta based independent power producer, EPCOR Utilities Inc., a major electricity provider in Canada, and Deloitte & Touche. His financial expertise and unique skill set in the electricity industry will prove to be valuable to E-T Energy.
President and CEO, Trevor Roberts, commented, "We are extremely pleased to have rounded out our management team with the addition of Peter Johanson. Together with our excellent field staff, we are well-positioned for the execution phase of our Company's development following completion of our current field test." For more information please refer to the Company's website at www.e-tenergy.com.
The current Management Team is comprised of the following individuals:
Trevor Roberts, President and CEO
Peter Johanson, Chief Financial Officer
Ed Koshka, Vice President Operations and Crude Marketing
Randall Juhlin, Vice President Engineering, Project and Regulatory Affairs
About E-T Energy Ltd.
E-T Energy is a private, Calgary-based company focused on bitumen extraction from the oil sands and heavy oil recovery through the use of the proprietary, efficient, and environmentally friendly ET-DSPTM process. E-T Energy is currently field testing the ET-DSP™ in the Athabasca Oil Sands in Alberta. The ET-DSPTM process offers several advantages that will make it the technology of choice for a significant quantity of bitumen and shallow heavy oil resources that currently do not have a suitable extraction method. These advantages include: an established technology, minimal water use, rapid recovery of affected lands, lower energy use, and substantially reduced greenhouse gas emissions.
For further information:
For further information on E-T Energy, please call Trevor Roberts at 403-264-9431 ext.499 or Peter Johanson at 403-264-9431 ext.484.