PetroKazakhstan Inc. - New Director and Officer Appointment
04 Mayo 2005 - 9:01AM
PR Newswire (US)
PetroKazakhstan Inc. - New Director and Officer Appointment
CALGARY, May 4 /PRNewswire-FirstCall/ -- The Board of Directors of
PetroKazakhstan Inc. (the "Company") is pleased to announce the
appointment of Mr. Graeme G. Phipps as Executive Vice President,
Corporate Development and a Director of the Company, effective May
3, 2005. Mr. Phipps has thirty years of experience in the Canadian
and international oil and gas industry including Yemen, North
Africa, Nigeria, Indonesia, Malaysia, Australia, Mexico and
Columbia. He is a Professional Geologist and Geophysicist and has
held management positions previously at Petro-Canada, Nexen and
Esso Resources. It is planned that Mr. Phipps will be appointed
President and CEO on September 16, 2005. Mr. Isautier will remain
Chairman of the Board. Mr. Isautier commented saying, "Mr. Phipps
has achieved spectacular results in his career. We welcome Graeme
into our organization and look forward to his successful
leadership." PetroKazakhstan Inc. is a vertically integrated,
international energy company, celebrating its eighth year of
operations in the Republic of Kazakhstan. It is engaged in the
acquisition, exploration, development and production of oil and
gas, refining of oil and the sale of oil and refined products.
PetroKazakhstan shares trade in the United States on the NYSE, in
Canada on the TSX, in the United Kingdom on the London Stock
Exchange and in Germany on the Frankfurt Exchange under the symbol
PKZ. As of December 27, 2004, PetroKazakhstan shares began trading
on the Kazakhstan exchange under the symbol CA_PKZ.
PetroKazakhstan's website can be accessed at
http://www.petrokazakhstan.com/. Neither The Toronto Stock Exchange
or any other stock exchange or regulator has approved or
disapproved the information contained herein. BIOGRAPHY Graeme G.
Phipps Executive Vice President - Corporate Development Graeme
graduated with distinction from the University of Alberta with a
Bachelor of Science, Honours in Geology and Geophysics. He has 30
years of experience in the Canadian and International oil and gas
industry with 10 years of senior executive and board experience.
His executive experience includes positions as Exploration and
International Vice President with Petro-Canada and Vice President
of Strategic Planning and Business Development and Vice President
Canadian Oil & Gas Division with Nexen. Prior to this he spent
20 years with Esso Resources and Exxon in various management and
operational positions. Graeme's exploration experience includes the
Western Canada Basin, the Beaufort Sea and Arctic Islands, and off
the east coast Canada and internationally in the Gulf of Mexico,
Alaska, Yemen, North Africa, Nigeria, Colombia, N.W. Shelf of
Australia, Indonesia and Malaysia. Additionally he has managed
development and production operations in the Western Canada Basin
as well as having five years experience in corporate planning and
business development including significant acquisition and
divestment initiatives. Graeme has a broad business background and
extensive experience, along with well-developed public speaking,
presentation and negotiating skills. Graeme is a director of Tundra
Oil and Gas Limited, director, officer and VP Exploration with
Ausam Energy Corporation and founding partner of a private
international investment fund. Graeme is also an active member of
the Association of Professional Engineers, Geologists and
Geophysicists of Alberta (APEGGA). Graeme is 52 years old, married
and has two children. DATASOURCE: PetroKazakhstan Inc. CONTACT:
Ihor P. Wasylkiw, Vice President, Investor Relations, (403)
221-8658, (403) 383-2234 (cell); Jeffrey D. Auld, Vice President,
Treasurer, +44 (1753) 410-020, +44 79-00-891-538 (cell)
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