Bonavista Energy Corporation

Bonavista Energy Corporation

November 12, 2013 11:20 ET

Bonavista Energy Corporation Announces New Director Appointment

CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the appointment of Ms. Sue Lee to its Board of Directors, effective today. With over 33 years of business experience and as the lead executive for Suncor Energy Inc.'s Human Resources and Communications functions for 16 years, Ms. Lee brings to Bonavista broad experience and expertise working with boards of directors and executives in the energy sector. Her extensive mandate at Suncor included communications, stakeholder relations, employee relations, government relations, executive succession planning and transition, organization design and effectiveness, leadership development, community investment, acquisition strategy, and merger and acquisition preparedness and integration. She retired from her role as Senior Vice President, Human Resources and Communications at Suncor in March, 2012.

Ms. Lee has a Post-Graduate Honours Diploma, Personnel Management and Organizational Behaviour from the University of Witwatersrand in Johannesburg, South Africa and is currently a member of the Board of Directors of Altalink, Holcim Canada, and the Board of Governors of the University of Calgary. She has also served on several Not-for-Profit boards.

Bonavista is a mid-sized energy company committed to maintaining its emphasis on efficiently developing and operating high quality oil and natural gas properties, providing moderate growth and delivering consistent dividends to its shareholders while ensuring financial strength and sustainability. Bonavista expects 2013 oil and gas production to average 73,500 boe per day growing to between 77,000 and 79,000 boe per day in 2014 from its core properties in western Canada. Bonavista's common shares trade on the TSX under the symbol "BNP".

Forward Looking Statements

Corporate information provided herein contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, particularly those pertaining to cash dividends, production volumes, commodity prices, operating costs and drilling results, which are considered reasonable by Bonavista at the time of preparation, may be proven to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. There is no representation by Bonavista that actual results achieved during the forecast period will be the same in whole or in part as those forecasts.

Contact Information

  • Bonavista Energy Corporation
    Keith A. MacPhail
    Executive Chairman

    1500, 525 - 8th Avenue SW
    Calgary, AB T2P 1G1
    (403) 213-4300