CORP / Numac Energy Inc. Appoints President and Chief Executive
Officer
TSE, ME, AMEX SYMBOL: NMC
JULY 9, 1998
CALGARY, ALBERTA--The Board of Directors of Numac Energy Inc. is
pleased to announce the appointment of Mr. Douglas W. Palmer as
President and Chief Executive Officer. Mr. Palmer has also
accepted an appointment as Director of the Corporation.
Mr. Palmer has a demonstrated record of success in the upstream
oil and gas industry. Most recently, in his role as senior vice
president and chief operating officer, he led a major
restructuring of a senior Canadian-based international exploration
and production company. With a background in engineering, his
twenty-year career in the industry includes executive
responsibilities in both exploration and operations in a large
public company.
Mr. Donald J. Taylor, Chairman of the Board of Directors of Numac
stated that, "Mr. Palmer is an outstanding professional with the
knowledge, drive and determination to lead Numac Energy Inc. into
the top performance rankings of our industry. The Board of
Directors looks forward to working with Doug to establish a strong
and vibrant organization."
Numac Energy Inc. is engaged in the exploration for, and
development, production and marketing of crude oil, natural gas
and natural gas liquids in western Canada and ranks among the top
twenty-five public oil and gas production companies in Canada.
The Company's common shares are listed for trading on the Toronto,
Montreal and American stock exchanges under the symbol NMC.
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