CALGARY, Feb. 15, 2012 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company") (TSX:TOL) is pleased to announce that Robert Herdman, FCA has been appointed to its Board of Directors.
Mr. Herdman is a Fellow Chartered Accountant and brings over 35 years of financial experience to TriOil. Mr. Herdman was a partner of PricewaterhouseCoopers in Calgary for 21 years and retired in 2010. Mr. Herdman currently serves as Chair of the Audit Committee on the Board of Directors of four other public companies. Mr. Herdman also serves on the Board of Governors of the Glenbow Museum and has extensive volunteer experience with the Institute of Chartered Accountants of Alberta.
In conjunction with the appointment, TriOil has granted Mr. Herdman 40,000 stock options with an exercise price of $3.33.
TriOil Resources Ltd. is a Calgary, Alberta based company engaged in the exploration, development and production of petroleum and natural gas. TriOil has approximately 43.2 million common shares issued and outstanding (47.2 million fully diluted). The common shares of TriOil trade on the TSX Venture Exchange under the symbol TOL.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
For further information:
Russell J. Tripp, President & CEO, TriOil Resources Ltd.; Cheryne Lowe, VP Finance & CFO, TriOil Resources Ltd.; Andrew Wiacek, VP Exploration, TriOil Resources Ltd.; Corporate Phone: (403) 265-4115