CORP / Pan East Announces Appointment of Chief Operating Officer
TSE SYMBOL: PEC
JUNE 4, 1998
CALGARY, ALBERTA--Pan East is pleased to announce, effective June
1, 1998, Mr. David L. Summers, B.Sc., ME, P.Eng. has been promoted
to Chief Operating Officer. Mr. Summers brings to his position 15
years of experience and, prior to joining Pan East as Vice
President, Operations in October, 1997, he held a variety of
managerial positions in exploration, production and marketing with
a major multinational integrated oil and gas company.
Pan East's 1998 capital budget totals $50 million and current
production is at 40 MMcfe/d. Pan East's President and CEO,
Richard A. Walls, stated, "Considering the Company's ambitious
growth plans in natural gas exploration, we feel Dave brings all
the right skills to the job, and will help to lead Pan East into
the future."
Pan East invites interested parties to visit its recently
completed web site on the internet at www.paneast.com providing up
to date information on the Company's operations. |
