Great Plains Exploration Inc.
TSX : GPX

Great Plains Exploration Inc.

February 10, 2010 09:00 ET

Great Plains Welcomes Two New Officers

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2010) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Great Plains Exploration Inc. (TSX:GPX) (Great Plains) is pleased to welcome two new officers to our team. Mr. Grant Grimsrud, P.Eng., joins us as Chief Operating Officer. Mr. Grimsrud has over 28 years of industry experience, including senior management positions with both public and private oil and gas companies. Prior to joining Great Plains, Mr. Grimsrud was President and Chief Operating Officer of Northpoint Energy Inc., and previously President and Chief Executive Officer of Scimitar Hydrocarbons Corporation and Manager Exploration Development for Home Oil Company Limited. In addition, Mr. Grimsrud was a co-founder of three successful privately held oil and gas industry companies. Mr. Grimsrud holds a B.Sc. in Engineering (with Distinction) from the University of Alberta and an M.Sc. in Natural Gas Engineering and Management from the College of Petroleum Studies (Oxford) and Salford University (Manchester).

Great Plains welcomes Mr. Alan Gourlay, P.Eng., as our Vice President, Engineering. Mr. Gourlay has over 23 years of varied petroleum industry experience, including business development, reservoir engineering, field operations, property development and optimization. Most recently, Mr. Gourlay was a Senior Consulting Engineer with Breaker Energy and previously was a Group Leader with AEC/Encana and a co-founder and manager at Northpoint Energy, a private oil and gas company. He spent several years as an independent consultant to various majors including Renaissance, Ranger Oil and Petro-Canada after starting his career at Home Oil where he worked for 8 years. Mr. Gourlay graduated in 1987 from the University of Alberta with a B.Sc. in Petroleum Engineering. Mr. Gourlay replaces Mr. Rob Poole, who will continue to consult with Great Plains through the transition process. The Board of Directors and employees of Great Plains all extend their thanks to Mr. Poole for his efforts in Great Plains' development since joining the Company on August 1, 2007.

In conjunction with joining Great Plains, Messrs. Grimsrud and Gourlay purchased by way of private placement an aggregate of 900,000 common shares at a price of $0.34 per share, for total proceeds of $306,000 which closed on February 9, 2010. The private placement was completed on a non-brokered basis and no commissions were paid. The Company is pleased that the new officers have demonstrated their commitment to Great Plains with this investment.

Contact Information

  • Great Plains Exploration Inc.
    Stephen P. Gibson
    President & CEO
    (403) 262-9620
    (403) 262-9622 (FAX)
    or
    Great Plains Exploration Inc.
    Sean Bovingdon
    Vice-President Finance & CFO
    (403) 262-9620
    (403) 262-9622 (FAX)
    info@gpexploration.ca
    www.greatplainsexp.com