Tanager Energy Inc.

Tanager Energy Inc.

July 14, 2016 15:52 ET

Tanager Energy Announces Changes to Management

CALGARY, ALBERTA--(Marketwired - July 14, 2016) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) announced today, in furtherance of its previously announced June 28 closing of the acquisition of working interests in oil and gas properties in Polk County, Texas, that Tanager has opened executive offices in Houston, Texas. The Board of Directors has appointed Thomas M. Crain, Jr. as the Chairman of the Board and the Interim Chief Executive Officer of Tanager and Carson W. Chemerinski as the Interim Secretary of Tanager. John Squarek, former President and CEO, Sandra Marshall, former Corporate Secretary, Randy Marshall, former Vice President, Production and Donna Hyshka, former CFO are no longer officers of Tanager, and their roles have been consolidated and re-assigned to existing personnel as Tanager recruits highly skilled professionals to manage its Texas-based exploration venture.

Carson W. Chemerinski, P.Eng., the Interim Secretary of Tanager, has over thirty-five years of exploration & production operations experience, including both domestic and international operations. Mr. Chemerinski's background includes production, reservoir engineering, drilling and completions engineering and operations experience. Mr. Chemerinski is currently the International Drilling Operations Advisor to ExxonMobil Development.

A message from the interim CEO, Tom Crain, Jr. - "These are exciting times for Tanager as it carefully and thoughtfully builds a highly skilled and qualified management team in Houston, Texas. We are we highly focused on growing Tanager's oil and gas reserves and earnings, and will continue our efforts to limit general and administrative expenses to those absolutely necessary to carry out these goals."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tanager Energy Inc. is a Lethbridge, Alberta based corporation engaged in the exploration for oil and gas and minerals with its operations office in Calgary, Alberta. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN".

Contact Information

  • Tanager Energy Inc.
    Thomas M. Crain, Jr.
    Chairman of the Board and Interim Chief Executive Officer