VANCOUVER, British Columbia, June 7 /CNW/ -- Trans-Orient Petroleum Ltd.
(OTC Bulletin Board: TOPLF) is pleased to announce the appointment of Dr.
David Bennett as Executive Chairman of the Company.
"Dr. Bennett is a true asset to this team," said Peter Loretto, President
and CEO of Trans-Orient. "We are delighted that he has agreed to take an even
greater leadership role in the company, particularly given the opportunities
in our East Coast Basin permit areas. As more attention is brought to bear on
the potential of the fractured shale opportunity in this region, we will rely
on Dr. Bennett's industry knowledge and operational and technical expertise to
guide Trans-Orient's evolution in the coming years."
This role is the latest in a highly successful 30-year career creating
significant value for international oil and gas companies with a focus on
Australasia. Dr. Bennett is a cofounder of Austral Pacific Energy Ltd., where
he was CEO from 1997 to 2005. During his tenure, he was responsible for
building Austral from a small grass root exploration enterprise to an
AMEX-listed company and one of New Zealand and Papua New Guinea's most
prominent development-stage oil and gas companies. In Papua New Guinea's
Foreland area, he is responsible for the recent Douglas-1 gas/condensate
discovery now under appraisal which will potentially supply 40 BCF of natural
gas per annum over 20 years to Alcan's alumina refinery in Gove, Australia.
Referring to the Australasia location, Dr. Bennett says, "The East Coast
Basin presents multiple interesting opportunities for Trans-Orient. Our
research and current work indicate that the Waipawa and Whangai fractured
shale formations located in Trans-Orient's permit areas are excellent
candidates for oil and gas production.
"We're poised to leverage technology that is being implemented in other
fractured shale formations, like the Bakken Shale in Montana and the Barnett
Shale in Texas. These, along with other opportunities, make this role an
exciting one. I'm looking forward to helping Trans-Orient grow," Bennett
In earlier years, working with New Zealand Oil and Gas Ltd., Dr. Bennett
led the team that discovered the highly profitable onshore Ngatoro Oil field
and the major Kupe South offshore Taranaki Basin gas/condensate field now
David Bennett received his BA (Natural Sciences) from Cambridge
University in 1968, his MSc in Exploration Geophysics from the University of
Leeds, and in 1973 a doctorate in Geophysics from the Australian National
University, with post-doctoral work at the University of Texas (Dallas).
About Trans-Orient Petroleum Ltd.
Trans-Orient Petroleum holds a 100% interest in two onshore permit areas
comprising 2.2 million acres situated in the lightly explored East Coast Basin
of New Zealand. Trans-Orient's acreage contains several play types, and as
many as 50 Miocene/Pliocene structural leads and prospects have been
identified, many at relatively shallow depths. A work program consisting of
geochemical surveying and seismic acquisition is ongoing, with a view to
high-grading and drilling a number of these prospects.
In addition, the permit areas also have an attractive unconventional
opportunity in fractured oil and gas shale formations that have many
similarities to successful oil and gas shale projects now being developed
across the United States, such as the Bakken Shale in the Williston Basin and
the Barnett Shale in East Texas.
Dan Brown +1.604.682.6496
For further information:
For further information: Dan Brown, +1-604-682-6496, firstname.lastname@example.org,
for Trans-Orient Petroleum Ltd. Web Site: http://www.transorient.com