Nexstar Energy Ltd.

Nexstar Energy Ltd.

January 09, 2007 09:15 ET

Nexstar Energy Appoints VP Land, Grants Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 9, 2007) - Nexstar Energy Ltd. (TSX VENTURE:NXE.A)(TSX VENTURE:NXE.B)("Nexstar Energy" or the "Corporation") is pleased to announce the promotion of Mr. Steve Smith from Manager, Land to Vice-President Land. Mr. Smith has also been appointed as an Officer of the Corporation. In his new role, he is responsible for the coordination and implementation of all land acquisition strategies, negotiations, contracts, land administration and surface land matters. The change is effective immediately.

Mr. Smith is a Professional Landman and has more than 20 years of experience in the negotiation and documentation of mineral land agreements as well as the design and implementation of land and asset acquisition strategies. He has held senior land management roles with a focus on central Alberta at Prime West Energy Inc., Calpine Canada Natural Gas Partnership, Encal Energy Ltd. and Encor Energy Corporation Inc. Mr. Smith achieved a Professional Landman designation and is a graduate of the Petroleum and Mineral Land Management Program from Mount Royal College in Calgary, Alberta and is a long-standing member of the Canadian Association of Petroleum Landmen.

Options Granted

Nexstar Energy also announces that the Board of Directors has approved the granting of stock options to staff and consultants of the Corporation. Options to purchase 20,000 Class A Shares were issued by the Corporation on November 24, 2006 with an exercise price of $1.20 per share for a term of five years with standard vesting provisions. Nexstar Energy's Class A shares closed at $1.20 both on the date of grant and on January 4, 2007.

Nexstar Energy is an emerging junior oil and gas company focused on drilling multi-zone crude oil and natural gas prospects in west central Alberta, complemented by strategic acquisitions.

9,200,000 Class A Shares

1,080,000 Class B Shares

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nexstar Energy Ltd.
    Peter A. Carwardine
    President and CEO
    (403) 263-6133 ext. 201
    (403) 263-3629 (FAX)
    Nexstar Energy Ltd.
    Brian J. Spilchen
    VP Finance and CFO
    (403) 263-6133 ext. 202
    (403) 263-3629 (FAX)
    Nexstar Energy Ltd.
    603 - 7 Avenue SW, Suite 525
    Calgary, Alberta T2P 2T5