Open Range Energy Corp.
TSX : ONR

Open Range Energy Corp.

August 14, 2006 19:08 ET

Open Range Energy Corp. Appoints New Vice-President of Finance and Chief Financial Officer

CALGARY, ALBERTA--(CCNMatthews - Aug. 14, 2006) -

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

Open Range Energy Corp. ("Open Range") (TSX:ONR) is pleased to announce that Mr. Lyle Michaluk, CA has joined our team as the Vice-President of Finance and Chief Financial Officer. Mr. Michaluk has over 10 years of experience with leading corporations in the Western Canadian Sedimentary Basin.

Mr. Michaluk has agreed to purchase and Open Range has agreed to issue, up to $300,000 of Open Range common shares at the prevailing price at the time of Mr. Michaluk's acceptance of the employment, subject to applicable discounts permitted by, and the acceptance of, the TSX.

OPEN RANGE ENERGY CORP. IS A PUBLICLY TRADED CANADIAN ENERGY COMPANY INVOLVED IN THE EXPLORATION, DEVELOPMENT AND PRODUCTION OF NATURAL GAS AND CRUDE OIL IN WESTERN CANADA.

Reader Advisory

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Open Range's control, including: the impact of general economic conditions in Canada and the United States, fluctuations in commodity prices, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Open Range's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, Open Range will derive there from. All amounts are denominated in Canadian funds unless otherwise specified.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Open Range Energy Corp.
    A. Scott Dawson, P.Eng.
    President and Chief Executive Officer
    (403) 205-3704
    Website: www.openrangeenergy.com