ENERGY TRUSTS / Maximum Energy Trust V.P. Resigns
MAXIMUM ENERGY TRUST
TSE SYMBOL: MXT.UN
FEBRUARY 12, 1998
Maximum Announces Resignation of Vice-President
Operations
CALGARY, ALBERTA--
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Maximize Management Corp., the Manager of Maximum Energy Trust,
announced today the resignation of Mr. James V. Esposito,
Vice-President Operations effective February 19th, 1998. Going
forward, Mr. Esposito's duties and responsibilities will be
assumed by Mr. S.S.(Jim) Yip, Vice-President Engineering.
Maximum's production and operations are performing as forecast and
all of Maximum's 1998 budgeted capital projects have been
substantively completed. In light of the excellent state of
Maximum's operations and Mr. Yip's production and operations
background, these new responsibilities will be assumed seamlessly.
Maximum continues to seek acquisition opportunities which
complement the longest reserve life asset base in the conventional
oil and gas sector.
Glenn C. Proudfoot, President & C.E.O., stated "Mr. Esposito's
contribution was, in a word - meritorious and we wish him
continued success in his new endeavours."
Maximum Energy Trust trades on the T.S.E. under the symbol MXT.UN
MAXIMUM HOLDINGS TRUST operates on behalf of MAXIMUM ENERGY TRUST,
a royalty trust trading on the TSE under MXT.UN |
