Exall Energy Corporation

Exall Energy Corporation

June 09, 2008 14:01 ET

Exall Strengthens Operational Management Team

CALGARY, ALBERTA--(Marketwire - June 9, 2008) - Exall Energy Corporation ("Exall Energy" or the "Company") (TSX:EE) is pleased to announce the following management appointments relating to its Calgary-based operating team:

- Frank S. Rebeyka has been appointed Vice Chairman and Chief Executive Officer;

- Roger Dueck has been appointed President and Chief Operating Officer;

- Glen Kerr has been appointed Manager of Engineering & Operations; and

- Dee Dueck has been appointed Controller.

The Company has granted to certain directors, officers, employees, and consultants 1,135,000 options to acquire common shares of the Company at an exercise price of $0.66 per share. The options have a term of five years from the date of grant and vest as to 1/3 after six months, a further 1/3 after 12 months, and 1/3 after 18 months.

Mr. Stephen G. Roman, Exall's Executive Chairman, stated, "Together with the recent success of Exall's winter drilling program, the strengthening of Exall's operational team will enhance the Company's capabilities as oil and gas production increases over the next 12 months. We are excited about the future of Exall and are in the process of building a superlative operating team to implement our aggressive growth plans."

Exall Energy Corporation 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.

Contact Information

  • Exall Energy Corporation
    Frank S. Rebeyka
    Vice Chairman & CEO
    (403) 237-7820 x 226
    Exall Energy Corporation
    Roger Dueck
    President & COO
    (403) 237-7820 x 223
    Website: www.exall.com