TUSK Energy Corporation
TSX : TSK

TUSK Energy Corporation

April 13, 2007 16:47 ET

TUSK Energy Corporation Announces Officer Changes

CALGARY, ALBERTA--(CCNMatthews - April 13, 2007) - TUSK Energy Corporation ("TUSK") (TSX:TSK) announces that Mr. Gordon K. Case, Vice-President Finance & Chief Financial Officer and Mr. Edwin A. Beaman, Vice-President Engineering and Production, have retired from the Company after assisting in the integration of management and operational teams subsequent to the merger of TUSK with Zenas Energy Corp on January 1, 2007. Mr. Hal A. J. Metcalfe has been appointed interim CFO and a process has been initiated to identify prospective candidates for the position.

TUSK is an Alberta-based energy company engaged in the exploration for, development and production of crude oil and natural gas with four focus areas in the northwestern part of the Western Sedimentary Basin. TUSK is developing Jean Marie gas production in the Elleh area of northeastern British Columbia, light oil and gas production from the Keg River formation in the Mega-Gutah of northern Alberta and oil and gas production on the Peace River Arch. TUSK recently announced its fourth focus area, at Conroy in northeastern British Columbia, where TUSK will earn a 50% interest in approximately 90,000 acres, existing wells and gathering system, a 10 mmcf/d gas plant and current production of 5 mmcf/d.

Forward Looking Statements - Some of the statements contained in this news release are forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and in other published information of TUSK, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are indicative of a forward-looking statement. Although TUSK believes that its expectations reflected in the forward-looking statements are reasonable, the potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors, which could cause actual results to differ from these forward-looking statements, include the potential that TUSK's projects will experience technical and mechanical problems, geological conditions in the reservoir which may negatively impact levels of oil and gas production and changes in product prices and other risks not anticipated by TUSK or disclosed in TUSK's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Contact Information

  • TUSK Energy Corporation
    John R. Rooney
    Chief Executive Officer
    (403) 264-8875
    (403) 263-4247 (FAX)
    Website: www.tusk-energy.com
    or
    TUSK Energy Corporation
    Norman W. Holton
    Chairman
    (403) 264-8875
    (403) 263-4247 (FAX)
    Website: www.tusk-energy.com
    or
    TUSK Energy Corporation
    1900, 700 - 4th Avenue SW
    Calgary, Alberta T2P 3J4