Robert J. Clark Elected to Storm Cat Energy Board of Directors
05 Janeiro 2006 - 10:17PM
PR Newswire (US)
CALGARY, Alberta and DENVER, Jan. 5 /PRNewswire-FirstCall/ -- Storm
Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced the
election of Robert J. Clark of Denver, Colorado to its Board of
Directors effectively immediately. Mr. Clark will serve on the
Audit and Nomination Committees. Concurrent with Mr. Clark's
election, the Board of Directors accepted the resignation of Chris
Dyakowski. Scott Zimmerman, Storm Cat President and Chief Executive
Officer said: "Bob's experience, not only in oil and gas, but also
in building successful businesses, will provide additional strength
to Storm Cat at a time when we are rapidly expanding our operations
as we execute our growth strategies. His proven leadership,
experience and energy industry savvy make him an ideal addition to
Storm Cat's Board." Zimmerman added: "The Board of Directors and I
want to thank Chris Dyakowski for his many important contributions
to Storm Cat. He served judiciously on the Board since the
Company's inception and we are grateful for his commitment over the
years." A 38-year veteran of the oil and gas industry, Mr. Clark is
President of Bear Cub Energy, LLC, a privately held gas gathering
and processing company, which he founded in 2001. In 1995, Mr.
Clark formed a predecessor company, Bear Paw Energy LLC, which was
sold in early 2001 to Northern Borders Partners. From 1988 to 1995,
he was President of SOCO Gas Systems, Inc. and Vice President --
Gas Management for Snyder Oil Company, a NYSE-listed exploration
and production company. SOCO was merged with Santa Fe Energy
forming Santa Fe Snyder in 1995. Mr. Clark was Vice President Gas
Gathering, Processing and Marketing of Ladd Petroleum Corporation,
an affiliate of General Electric from 1985 to 1988. Prior to 1985,
Mr. Clark held various management positions with NICOR, Inc. and
its affiliate NICOR Exploration, Northern Illinois Gas and Reliance
Pipeline Company. Mr. Clark received his Bachelor of Science Degree
from Bradley University and his M.B.A. from Northern Illinois
University. Mr. Clark currently serves as a member of the Board of
Managers for Bear Cub Energy, LLC and Fluid Compressor Partners and
serves on the Board of Directors of IPAMS, the Independent
Petroleum Association of Mountain States. He most recently served
on the Board of Directors for Evergreen Resources, Inc. which was
sold in late 2004 and Patina Oil and Gas Corporation which was sold
in early 2005. Coincident with his appointment, the Company has
granted to Mr. Clark a five-year option under its stock option plan
to purchase up to 100,000 Common shares of the Company at an
exercise price of CDN $3.24 per share. About Storm Cat Energy Storm
Cat Energy is an independent oil and gas company focused on the
pursuit, exploration and development of large unconventional gas
reserves from fractured shales, coal beds and tight sand
formations. The Company has producing properties in Wyoming's
Powder River Basin, exploitation and development acreage in Canada
and Alaska, and high-risk, high-reward exploration acreage in
Mongolia. The Company's shares trade on the American Stock Exchange
under the symbol "SCU" and in Canada on the TSX Venture Exchange
under the symbol "SME." By Order of the Board of Directors Storm
Cat Energy Corporation "J. Scott Zimmerman" J. Scott Zimmerman
President and Chief Executive Officer THE TSX VENTURE EXCHANGE HAS
NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE. DATASOURCE: Storm Cat Energy Corporation
CONTACT: Scott Zimmerman, President and Chief Executive Officer, or
Paul Wiesner, Chief Financial Officer, both of Storm Cat Energy
Corporation, +1-87-STORMCAT Web site:
http://www.stormcatenergy.com/
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