/NOT FOR DISTRIBUTION TO UNITED
STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TSXV Trading Symbol: MVN
CALGARY,
Nov. 27, 2012 /CNW/ - Madalena
Ventures Inc. ("Madalena" or the "Company"), is pleased to announce
that Mr. Kevin Shaw, P.Eng,
MBA has been appointed President and Chief Executive Officer of the
Company, effective immediately. Mr. Shaw will also be joining the
Company's Board of Directors. Mr. Warkentin will move to the
position of Vice-Chairman of the Company's Board of Directors and
Vice-President, International, where his international expertise
will continue to be invaluable.
Mr. Shaw holds significant oil & gas
industry experience as an Engineer, Manager and Officer, working
for both large and small-cap E&P's, as well as extensive
experience in the capital markets and consulting services sides of
the energy sector. Prior to joining Madalena, Kevin most
recently headed up the energy team at Casimir Capital and held the
position of Managing Director & Head of Global Energy Research,
responsible for coverage and/or advisement on over 30 domestic and
international E&P companies. Prior to Casimir, Kevin
worked with Wellington West Capital Markets as a Senior Oil &
Gas Research Analyst, and Partner, and was a key member of
Wellington West's successful Energy business prior to Wellington's sale to National Bank of
Canada in the summer of 2011.
Prior to holding executive positions within the Capital Markets,
Mr. Shaw has also held oil and gas positions heading up large
operational & engineering consultant teams for major E&P's
as an Alliance Manager for Colt WorleyParsons, was a Vice
President, Operations for a public jr. E&P (Trimox Energy
Inc.), and has held various technical & managerial roles with
ExxonMobil (via Imperial Oil). Kevin is a Professional Engineer and
holds a B.Sc. in Mechanical & Petroleum Engineering from the
University of Calgary and an MBA from
the Haskayne School of Business.
As President and CEO of Madalena, Mr. Shaw will
be working closely with the Company's Board of Directors and
management team to integrate and ramp production and cash flow
associated with its Canadian oil and gas properties acquired in
early November while working to unlock value in the Company's
international assets. He will also be responsible for the
review of all financing and business development alternatives for
the Company with a view to creating long-term shareholder
value. "Mr. Shaw brings extensive oil and gas and capital
markets experience, both in the domestic and international
marketplace," said Madalena Chair, Ray
Smith. "We are delighted to welcome him to our Board and
executive team."
Madalena is also pleased to announce the
following additions to the management team:
Steve
Dabner - P.Geol. - Vice-President,
Exploration
Mr. Dabner has over 27 years of experience in
the oil and gas industry. Prior to co-founding Online Energy Inc.
in 2009, Mr. Dabner was President and Chief Executive Officer of
Trimox Energy Inc. and Moxie Exploration Ltd. and Vice-President,
Exploration and Chief Financial Officer of Moxie Petroleum Ltd.
Prior thereto he held positions of increasing responsibility with
Cimarron Petroleum Ltd. and Home Oil Company Ltd.
Brent
Foster - P.Eng. - Vice-President, Engineering
Mr. Foster is a registered Professional
Engineer, with 30 years of experience in exploitation and
development of oil and gas pools in the Western Canadian
Sedimentary Basin and the Cooper Basin in South Australia. Prior to being the VP,
Engineering at Online Energy Inc, Mr. Foster was previously the
Vice-President, Engineering & COO, Blue Mountain Energy Ltd.
and Vice-President, Engineering, Hadrian Energy Corp. Mr. Foster
started his career with Rigel Oil and Gas Ltd. and Home Oil Company
Ltd.
Robert
Stanton - P.Eng. - Vice-President, Operations
Mr. Stanton is a Professional Engineer who has
acquired over 27 years of well-rounded engineering and operational
experience. Previously, Mr. Stanton was Vice-President, Operations
at Online Energy Inc. Prior thereto, Mr. Stanton worked for a
number of energy companies including, Oiltec Resources Ltd.,
Pinnacle Resources Ltd., Jordan Petroleum Ltd., Transwest Energy
Inc., Triton Canada Resources Ltd., Canadian Worldwide Energy Ltd.,
Petro-Canada Inc., and Result Energy Inc..
John Wittnebel -
P.Geol. - Manager, Geology
Mr. Wittnebel is a registered professional
geologist with over 33 years of experience in the oil and gas
industry. Prior to being the Exploration Manager at Online Energy
Inc., Mr. Wittnebel was Vice-President, Exploration at Result
Energy Inc. and throughout his career has held positions of
increasing responsibility with Chevron Canada Resources,
Renaissance Energy/Husky Energy and Encal Energy/Calpine Canada.
Mr. Wittnebel has wide ranging Canadian and international
exploration and development expertise involving, among other
things, horizontal drilling of conventional and unconventional
reservoirs.
About Madalena
Madalena is an independent, Canadian-based,
domestic and international upstream oil and gas company whose main
business activities include exploration, development and production
of crude oil, natural gas liquids and natural gas. The Company
currently has production and exploration operations in Canada and Argentina. Madalena is publicly traded on the
TSXV under the symbol "MVN".
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Madalena Ventures Inc.