Taipan Resources Inc.

Taipan Resources Inc.

May 28, 2012 10:48 ET

Taipan Resources Inc. Announces Board Appointment of Mr. Stephen Lowden

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2012) - Taipan Resources Inc. (TSX VENTURE:TPN) is pleased to announce the addition of Mr. Stephen Lowden to the Board of Directors of Taipan Resources Inc.

Mr. Lowden has 30 years of wide ranging experience in international oil and gas exploration, development, and production and gas liquefaction with a track record in defining strategy and creating and acquiring new businesses. This is illustrated in Mr. Lowden's roles as a Commercial Business Development Director and Exploration and Production Director at Premier Oil Plc where he added over one billion barrels of oil equivalent (boe) of new resources and his role as President of Marathon International and Senior Vice President of Corporate Business Development and President of Integrated Gas, during which time Marathon was able to replace and regenerate 50% of its upstream portfolio on a reserves and production basis. Mr. Lowden is currently the Chief Executive Officer of New Age (African Global Energy) Limited, a private independent oil and gas exploration and development company with a regional focus on, and operations in, sub-Saharan Africa and Kurdistan.

Mr. Charles Watson commented, "Mr. Lowden's in-depth knowledge and extensive global experience in the oil and gas industry, particularly in frontier regions, will be invaluable as Taipan continues to build a world-class portfolio of prospective resources."

About Taipan Resources Inc.

Taipan Resources is actively pursuing the acquisition of international oil and gas exploration and development assets. The company is focused on acquisitions in its core geographic regions: Africa, the Middle East and South America, where opportunities remain for junior oil and gas companies to access large-scale oil and gas resources with significant exploration and development upside. Taipan is traded on the TSX Venture Exchange under the symbol TPN.

Contact Information

  • Taipan Resources Inc.
    Joel Dumaresq
    +1 604 336 3193