Exall Energy Corporation

Exall Energy Corporation

May 22, 2009 11:17 ET

Exall Energy Appoints Vice President, Operations

CALGARY, ALBERTA--(Marketwire - May 22, 2009) - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE) is pleased to announce that it has appointed Glen Kerr, P.Eng. as Vice President, Operations.

Mr. Kerr joined Exall with the acquisition of Kingsmere Exploration Limited in January 2007. Glen has over 30 years experience in all facets of operations within the oil and gas industry including time with ENCO Gas, Pioneer Natural Resources, Norwich Resources, and Home Oil. Mr. Kerr holds a Bachelor of Science degree from the University of Alberta and is a Professional Engineer.

"Glen has worked with the Company for over six years, including his time with Kingsmere Exploration, during which time he has shown an extraordinary capacity for work and the ability to anticipate the operational needs of the Company," commented Roger Dueck, President and COO of Exall on the appointment of Mr. Kerr.

Exall also announces that it granted an aggregate of 970,000 incentive stock options to various directors, officers, employees and consultants at an exercise price of $0.40 expiring five years from the date of grant.

About Exall

Exall Energy is a junior oil and gas company active in its business of oil and gas exploration, development and production from its properties in Alberta, British Columbia and Texas. Exall Energy is currently developing a new oil discovery in north-central Alberta.

Exall Energy currently has 45,921,277 common shares outstanding. Exall Energy's common shares are listed on the Toronto Stock Exchange under the trading symbol EE.

Reader Advisory

This news release contains forward-looking statements, which are subject to certain risks, uncertainties and assumptions, including those relating to results of operations and financial condition, capital spending, financing sources, commodity prices and costs of production. By their nature, forward-looking statements are subject to numerous risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, actual results may differ materially from those predicted. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such factors include fluctuating commodity prices, capital spending and costs of production, and other factors described in the Company's most recent Annual Information Form under the heading "Risk Factors" which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com. Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

Contact Information

  • Exall Energy Corporation
    Frank S. Rebeyka
    Vice Chairman & CEO
    Exall Energy Corporation
    Roger N. Dueck
    President & COO
    403-237-7820 x 223