CALGARY, Aug. 7 /CNW/ - Great Plains Exploration Inc. (TSX-GPX) (Great Plains) is pleased to welcome Mr. Rob Poole as VP Engineering & Operations. Mr. Poole will be responsible for managing the Company's engineering, operations, capital budgeting and corporate reserves. Mr. Poole has over twenty seven years of industry experience, including senior management positions with a number of public, junior oil and gas companies. Mr. Poole's most recent role was Vice-President Operations and Engineering at Gentry Resources where he played a significant role taking the company operational and growing the company's production base from 1,300 boe/d to approximately 5,600 boe/d. Prior thereto, he was Vice-President Operations and Engineering at BXL Energy, where he worked closely with Mr. John Ostrom and Mr. David Hibbert who are now key members of the Great Plains technical team. While at BXL they increased production from 550 boe/d to over 2,700 boe/d, when the company was subsequently sold to Viking Energy Trust. In both positions, Mr. Poole had considerable impact increasing each companies' operated production base, dramatically improving operated recoveries and identifying opportunities for future growth. Mr. Poole is expected to make a significant contribution to the revamped Great Plains' exploration team where he joins Mr. John Ostrom, P. Geol., VP Exploration; Mr. David Cairns, P. Geol.; Mr. David Weiss, P. Geol.; Mr. David Hibbert, P. Geoph.; Mr. David Klepacki, P. Geoph. and Mr. Barrie Dargie, P. Geol. Mr. Poole has a Bachelor of Science (Honours) in Chemical Engineering from Queen's University and is also a member of The Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Society of Petroleum Engineers (SPE), and the Canadian Association of Drilling Engineers (CADE). Mr. Poole replaces Mr. Curt Labelle who is stepping down as VP Engineering to pursue other opportunities. Mr. Labelle played an integral role at Great Plains during a time in the industry that was challenged by unprecedented increases in service costs combined with weakened commodity prices. Mr. Labelle's insight and experience helped Great Plains refocus its operations to projects and areas with the highest potential to create value. The Board of Directors and management of Great Plains extend their thanks to Mr. Labelle for his past efforts and dedication over the last two years. Investors should note that boes may be misleading, particularly if used in isolation. A boe conversion rate of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. %SEDAR: 00020740E
For further information:
For further information: Great Plains Exploration Inc., Stephen P. Gibson, President & CEO, Sean Bovingdon, VP Finance & CFO, Tel: (403) 262-9620, Fax: (403) 262-9622, www.greatplainsexp.com, info@greatplainsexp.com
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