CORP. / Canadian Conquest Executive Appointments
CANADIAN CONQUEST ANNOUNCES EXECUTIVE APPOINTMENTS
Date: 6/8/98 6:34:29 PM
Stock Symbol: CCN
Canadian Conquest Exploration Inc. ("Conquest") is pleased to announce the
following executive appointments, effective June 8, 1998:
Michael S.P. Cooke has been appointed Chairman of the Board of Directors. Mr.
Cooke has served as President, Chief Executive Officer and a director of
Conquest since November 30, 1995;
Gregory S. Fletcher has been appointed President, Chief Executive
Officer and a director of Conquest. Mr. Fletcher is a seasoned and respected
business executive with 26 years of petroleum industry experience. Following
his graduation from the University of Calgary in 1972 with a B.Sc. in
Geology, he held progressively senior positions with three major companies.
Since 1976, Mr. Fletcher has been involved as a senior executive in the
start-up and profitable growth of three successful oil and gas companies,
namely, Czar Resources (1976 - 1980), Calais Resources (1980 - 1985) and
Aztec Resources (1985 - 1997). He brings a wealth of management and technical
experience and skills to his new role at Conquest;
Dennis L. Robertson has been appointed Vice President, Engineering &
Operations. Mr. Robertson is a professional engineer with 25 years of
petroleum industry experience. After graduating from the University of
Saskatchewan with a B.Sc. in Chemical Engineering, he worked in increasingly
senior production engineering and management positions with Texaco Canada
(1973 - 1981), Oakwood Petroleums (1981 - 1989) and Chauvco Resources
(1989 - 1997). Mr. Robertson's broadly based engineering and management
experience and expertise will be invaluable to Conquest; and
Bernie W. Broda has stepped down as Executive Vice President and Chief
Operating Officer, a position he has held since November 30, 1995. Mr. Broda
will continue to serve as a director of Conquest.
These executive appointments will enable Messrs. Cooke and Broda to
relinquish their day to day operating management responsibilities to two
proven, capable and committed executives and to focus their efforts on
identifying, evaluating and capturing corporate merger and acquisition
opportunities which will result in value-added growth for Conquest's
shareholders. The current industry environment is conducive to merger and
acquisition activities, particularly for companies such as Conquest which
have strong balance sheets and access to capital.
Messrs. Cooke and Broda intend to maintain their substantial shareholding in
Conquest, and, in their continuing role as directors, will provide strategic
advice and ongoing support to the Company's management team.
Conquest's common shares are listed for trading on the Toronto Stock Exchange
under the symbol "CCN". For further information, please contact Michael S. P.
Cooke, Chairman of Conquest, and Greg Fletcher, President and Chief Executive
Officer of Conquest, at (403) 260-6300.
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