Culane Energy Corp.
TSX VENTURE : CLN

Culane Energy Corp.

February 02, 2011 17:18 ET

Culane Appoints New Chairman

CALGARY, ALBERTA--(Marketwire - Feb. 2, 2011) - Culane Energy Corp. ("Culane" or the "Company") (TSX VENTURE:CLN) regrets to announce that due to personal matters combined with increasing outside business obligations, Mr. Glenn Carley has resigned as Chairman and Director of Culane Energy Corp. effective February 1, 2011. Mr. Carley has been with the Company since its inception in December of 2002. Over the past eight years his contributions to the growth and direction of the Company have been instrumental in the successful development of the Company's Killam oil field and implementation of its waterflood project at Killam. We are very grateful for his service to Culane and its shareholders, and have enjoyed working with him as a close colleague over the past eight years. 

On Behalf of the Board of Directors, Officers and employees of Culane, we thank Mr. Carley for his contribution to the Company.

In addition, Culane is pleased to announce that Mr. Harley Winger has been appointed as Chairman of the Board for the Company. Mr. Winger has been a director of the Company since inception and is fully versed in the business of the Company and able to immediately assume the role of Chairman.

About Culane Energy Corp.

Culane Energy is a junior oil and gas company engaged in the exploration, development and production of oil and natural gas in Alberta and Saskatchewan.

27,189,754 Common Shares

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 this news release.

Contact Information

  • Culane Energy Corp.
    Donald D. Staus
    President and Chief Executive Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    dstaus@culaneenergycorp.com
    or
    Culane Energy Corp.
    Stewart Larsen
    Vice President of Finance and Chief Financial Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    slarsen@culaneenergycorp.com
    or
    Culane Energy Corp.
    Thomas H. Field
    Vice President, Engineering and Operations
    (403) 263-2773
    (403) 263-2776 (FAX)
    tfield@culaneenergycorp.com
    or
    Culane Energy Corp.
    420, 333 - 5th Avenue S.W.
    Calgary, Alberta T2P 3B6
    www.culaneenergycorp.com