DIGG - trades on the pinks, but is located in Calgary. Looks like an interesting China play:
Digital Gas Names Two New Directors
NEW YORK, Aug 17, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG -
Pink Sheets) today announced that Christopher Mothersele, formerly with Gulf
Canada Resources Ltd., and Lois McCorriston, formerly with Halliburton Energy
Services, have agreed to serve as Directors of the company effective
immediately.
Mr. Mothersele will be responsible for developing and accessing new products and
technologies for future growth and will be the person responsible for the
maintenance and quality of the reserves which Digital contracts to enhance on a
worldwide basis. He will also be responsible for reservoir engineering, reserves
evaluation and exploitation planning.
Ms. McCorriston will be responsible for the development and application of
chemicals for oil & gas production, including horizontal drilling, completions,
production and EOR on a worldwide basis. She has numerous patents in her
specialty area and was the recipient of the Pegasus Award in 1997, which was
awarded by Mobil Oil for "Outstanding Technical Work in Horizontal Wells."
The leader of the Digital Gas technical team is W. Brian Lunan. Mr. Lunan was
formerly with Halliburton, NL McCullough, NL Industries, Schlumberger Overseas,
Phillips Petroleum and Uddeholms/D.N.N. in a variety of positions and has been
involved in the drilling of 300 under-balanced wells, including major projects
in North and South America, Europe and the Far East. Mr. Lunan was the Director
of Training in Brazil and Argentina for Schlumberger. "Digital Gas has asked me
to bring the very finest oil & gas practitioners into the company to support an
aggressive growth plan that entails the exploitation of downstream as well as
upstream opportunities worldwide," said W. Brian Lunan, who is also a Director
of Digital Gas and who has recently accepted an invitation to co-Chair a UBD
session with Shell at the SPE 2000 Conference and Exhibition in Dallas from
October 1-4.
In an entirely new development, Digital Gas stated that the company has just
signed a Letter of Intent to participate in a highly innovative, world-class
development project in an area of China that over all the centuries of Chinese
history has escaped any meaningful development. "We are currently evaluating the
extent of our participation in this dramatic new project and we will make an
announcement regarding the precise level of our involvement by early next week,"
said Mr. Lunan.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital Gas,
Inc.
(DIGG)
prnewswire.com
(C) 2000 PR Newswire. All rights reserved. |
