Pacific Energy Resources Ltd.
TSX : PFE

Pacific Energy Resources Ltd.

September 15, 2009 22:30 ET

Pacific Energy Resources Ltd. Announces Executive Management Changes

LONG BEACH, CALIFORNIA--(Marketwire - Sept. 15, 2009) - Pacific Energy Resources Ltd. (TSX:PFE) (the "Company") announces that effective immediately Vladimir Katic, Darren Katic and John Rainwater have relinquished their roles as Chairman and Chief Executive Officer, President, and Executive Vice President and Chief Operating Officer, respectively. Vladimir Katic and Darren Katic will retain their positions as directors on the Company's board of directors. The board has appointed the Company's current Chief Financial Officer Gerry Tywoniuk as its acting Chief Executive Officer. Mr. Tywoniuk will retain this role through completion of the Beta asset sales process.

About Pacific Energy Resources Ltd.:

Pacific Energy Resources Ltd. is an oil and gas exploration and development company based in Long Beach, California, U.S.A. which filed for Chapter 11 bankruptcy protection in March 2009. Additional information relating to the Company may be found on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

PACIFIC ENERGY RESOURCES LTD.

Gerry Tywoniuk, Acting Chief Executive Officer

Contact Information

  • Pacific Energy Resources Ltd.
    Jerett Creed
    Director, Investor Relations
    562 628 1538
    jcreed@pacenergy.com