CALGARY, ALBERTA--(Marketwire - Oct. 29, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") announces that, subject to regulatory approval, it has appointed Philip Birch as Chief Executive Officer of the Company. Mr. Birch brings over 30 years international upstream oil and gas technical and business leadership experience to Newton. Mr. Birch has spent over 15 years with Enterprise Oil, where he took leading technical roles in high impact exploration and production projects within the North Sea and internationally. He has subsequently built and sold three successful start-up businesses, providing significant shareholder returns and has acted as an advisor to a number of junior oil companies, including Grove Petroleum and Newton. Mr. Birch is a Fellow of the Geological Society and holds an MBA and an MSc in Petroleum Geology.
The Company also announces the resignation of Steve Engwall as the Chief Executive Officer of the Company for personal reasons. The board of directors of the Company would like to thank Mr. Engwall for his services and wish him continued success. Mr. Engwall will continue in his capacity as a director and will also be engaged as a consultant with the Company.
The Company would also like to announce the appointment of Merv Chia as Executive Chairman. Mr. Chia will continue to provide business development expertise in his expanded role with the Company.
Newton is an oil and gas company with exploratory targets on its East Midlands licenses in the United Kingdom. Newton maintains offices in London, England and Calgary, Alberta.
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to regulatory approval, including the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, including are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at www.sedar.com. Newton does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither 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 release.