Admiral Bay Welcomes Logan Magruder to the Board of Directors.TORONTO -- Senior Berry Petroleum executive to provide guidance on U.S. operations Admiral Bay Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. ) is pleased to announce that Logan Magruder, Senior Vice President of Berry Petroleum (NYSE NYSE See: New York Stock Exchange : BRY) has been appointed to the Board of Directors. Mr. Magruder has over 25 years experience in the oil and gas industry and has previously been instrumental in the successes of Barrett Resources Corp. and Torch Energy Advisors. He presently heads the very successful Rocky Mountain Division of Berry Petroleum. Mr. Magruder is a petroleum engineer by training with extensive experience with coal bed methane and conventional reservoirs. He has been involved in developing notable natural gas projects in the Rockies that have evolved into major natural gas supply points. He has extensive operating and management experience in the Rockies, Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , onshore Gulf Coast, California, Mid-Continent and in Canada. Mr. Magruder has a Petroleum Engineering degree from Louisiana State University Louisiana State University and Agricultural and Mechanical College, generally known as Louisiana State University or LSU, is a public, coeducational university located in Baton Rouge, Louisiana and the main campus of the Louisiana State University System. and completed the LSU LSU Louisiana State University LSU Large Subunit LSU La Salle University (Philadelphia, PA) LSU La Sierra University LSU Link State Update (OSPF) LSU Learning Support Unit Executive Business Program. He is active with many industry trade organizations and serves as President of IPAMS. IPAMS, the Independent Petroleum Association of Mountain States, is a regional oil and gas industry trade association representing 13 states in the Intermountain West. Steven Tedesco, President of Admiral Bay comments, "Mr. Magruder will add significant technical and operational input to the strategic direction provided by the Board of Admiral Bay. The Company will draw on his senior management experience to help transition operations to the U.S. and in its dealings with the financial community. This will greatly enhance the Company's ability to achieve its goal of becoming a mid-tier gas producer over the next two years". The Company also announces the resignation of Mr. Stephen Woodhead as Director of Admiral Bay. The Board of Admiral Bay would like to thank Mr. Woodhead for his contribution to the Company. Mr. Woodhead will remain on as Chief Financial Officer of Admiral Bay Resources Inc. until operations are transitioned to the U.S. Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian listed oil and gas exploration and development company focused on developing its U.S. projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin, in Pennsylvania. Coalbed methane (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ) and conventional oil & gas production has begun at the Shiloh, Devon and Quest projects in Kansas and Utah. The Company is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". 65 Queen Street West, Suite 815, P.O. Box 75 Toronto, Ontario, M5H 2M5 Tel: 416-861-1685 Fax: 416-861-8165 The TSX Venture Exchange does not accept responsibility for the adequacy of this release. ADMIRAL BAY RESOURCES INC. (TSX VENTURE:ADB) |
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