CALGARY, March 18, 2016 /CNW/ - Petrowest Corporation ("Petrowest") (TSX:PRW) is pleased to announce the appointment of Dan Tsubouchi to the company's Board of Directors. Mr. Tsubouchi appointment is effective immediately. "Mr. Tsubouchi brings a unique skill set to our Board. His strong financial and strategic planning background will be a tremendous asset to our Company", said Jim Coleman, Executive Chair of the Board of Directors of Petrowest. Upon his appointment, Mr. Tsubouchi said "I am delighted to have the opportunity to join the Petrowest board following the award of the Site C contract that provides visibility to Petrowest's successful transformation to a diversified infrastructure company in 2016 and beyond. This transformation is exciting and especially timely with the anticipated wave of infrastructure projects in Western Canada".
Mr. Tsubouchi is a 20+ year capital markets veteran who is best known for his 15 years at GMP Securities L.P. (1998 to 2013), which included roles as an Oil and Gas Analyst, co-Head of Investment Banking and on GMP's Executive Committee. Most recently (2013 to 2015), Mr. Tsubouchi served in Head of Energy Research and Investment Banking roles at Haywood Securities. In his role as oil and gas analyst, he was ranked in the top five oil and gas research analysts in industry surveys, including Brendan Woods buyside survey, and established strong relationships with institutional investors. Prior to this, he spent 15 years in the oil and gas industry including roles as CFO of a publicly listed TSX intermediate oil and gas producer. Mr. Tsubouchi provides independent energy research and advisory services, which will not include coverage of Petrowest. Mr. Tsubouchi earned a Bachelor's degree from Saint Louis University, and an MBA degree from University of Toronto.
FORWARD LOOKING INFORMATION
This news release contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are identified by their use of terms and phrases such as "anticipate", "achievable", "believe", "expect", "estimate", "plan", "intend", "project", "may", "should", "could", "predict", "will", or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements and information are based on Petrowest's current beliefs as well as assumptions made by and information currently available to Petrowest concerning anticipated business performance. Although management of Petrowest considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements are subject to many external variables that are beyond Petrowest's control, such as fluctuating prices for crude oil and natural gas, changes in drilling activity, and general local and global economic, political, business and weather conditions. If any of these or other uncertainties materialize, the actual results of Petrowest may vary materially from those expected.
Petrowest is an Alberta corporation involved in both industrial and civil infrastructure projects, as well as pre-drilling and post-completion energy services, gravel crushing and hauling for non-energy sector customers. Petrowest's primary operations are based in northwestern Alberta and northeastern British Columbia.
SOURCE Petrowest Corporation
For further information: please contact Nikolaus Kiefer, Vice President of Investor Relations & Corporate Development at (403) 384-0405 or [email protected]‐west.com.