Stetson Oil & Gas Ltd.
TSX VENTURE : SSN

Stetson Oil & Gas Ltd.

December 02, 2010 07:30 ET

Stetson Appoints New CFO

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2010) - Stetson Oil & Gas Ltd. ("Stetson" or the "Company") (TSX VENTURE:SSN) is pleased to announce that it has appointed Mr. Darren Moulds as Chief Financial Officer.

Mr. Moulds is a Certified Public Accountant (IL) with over 11 years of petroleum industry financial and tax experience. Previously, Darren has held management positions in various financial capacities including the CFO of Africa Oil Corp. and the Financial Controller of Upstream Operations of Centurion Energy International Inc. (Dana Gas). Mr. Moulds holds a Bachelor of Commerce degree from the University of Saskatchewan and obtained his CPA designation with PricewaterhouseCoopers LLP.

Mr. Moulds' appointment follows the resignation of Mr. Gary Lobb. The Company would like to thank Gary for his contribution and wish him well in his future endeavours.

About Stetson Oil & Gas Ltd.

Stetson is a junior oil and gas company with exploration, development, and production programs in Saskatchewan and Alberta, Canada and North Dakota, USA.

Cautionary Note Regarding Forward-Looking Information: This press release contains "forward looking information", within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the impact of the appointment on the Company; current strategic initiatives; prospective nature of the Company's properties; estimates regarding future production; and the future financial and operating performance of Stetson and its projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social risks and uncertainties; risks relating to oil and gas exploration and exploitation activities; oil and gas prices; transaction risks; and delays in obtaining regulatory approvals. Although Stetson has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Stetson does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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