|By Marketwired .||
|June 30, 2014 04:05 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 06/30/14 -- GASFRAC Energy Services Inc. (TSX:GFS) (the "Corporation") today announced that Pierre Jungels has resigned as a member of the board of directors, effective immediately. In his resignation, Mr. Jungels cited potential conflicts of interest with his directorship role at Baker Hughes Inc.
The Corporation is also pleased to announce the appointment of Robert McBean, as a director of the Corporation, effective immediately. Mr. McBean is a long-time Calgarian currently residing in Dubai, UAE. Mr. McBean has over forty (40) years' experience in the petroleum and natural gas industry. He is an accomplished energy project developer and has significant experience both as a private and public company senior executive and director. Mr. McBean is currently the Executive Chairman of Wentworth Resources Limited, a Calgary-based oil and gas exploration and production company with assets in East Africa and dually listed on London AIM and Oslo Bourse. He is the former Managing Director and developer of Qatar Fuel Additives Company Limited (QAFAC) a world scale methanol and MTBE facility in Qatar. Prior to QAFAC, he was the Managing Director and developer of the Dubai Natural Gas Company (DUGAS) an associated gas processing facility in Dubai, UAE. He has also served as the Non-Executive Chairman of Black Marlin Energy Holdings Limited and was the co-founder and a director of Scarboro Resources Limited; both were publicly listed on the TSX. During his distinguished international career, he has worked and lived in Calgary, London, Doha and Dubai.
In connection with his departure, Mr. Jungels commented, "GASFRAC is a unique opportunity in the evolving petroleum and natural gas services industry to provide proven economically-friendly alternative to hydraulic fracing in regions that have water scarcity or a geological predisposition. With a new board and a renewed effort to strategically approach markets, I am confident they will realize the Corporation's true potential. I wish GASFRAC success in its future endeavours."
Mark Williamson, Chairman of the Board of the Corporation, commented, "We are disappointed that Pierre was conflicted from completing his term, but we would like to thank him for his valuable insight during his short period of service. We also welcome Robert McBean to replace him, an industry executive with significant international experience in the upstream, midstream and downstream oil and gas industries."
GASFRAC Energy Services, Inc. is an oil and gas technology and service company headquartered in Calgary, Alberta and the sole provider of gelled LPG fracturing technology and other fluid fracturing systems in North America.
GASFRAC Energy Services Inc.
James M Hill
Chief Executive Officer
Feb. 12, 2016 01:45 PM EST Reads: 228
Feb. 12, 2016 01:00 PM EST Reads: 224
Feb. 12, 2016 12:30 PM EST Reads: 259
Feb. 12, 2016 12:30 PM EST Reads: 104
Feb. 12, 2016 12:00 PM EST Reads: 497
Feb. 12, 2016 11:45 AM EST
Feb. 12, 2016 11:45 AM EST Reads: 447
Feb. 12, 2016 11:45 AM EST
Feb. 12, 2016 11:30 AM EST Reads: 298
Feb. 12, 2016 11:16 AM EST
Feb. 12, 2016 11:15 AM EST Reads: 263
Feb. 12, 2016 11:15 AM EST Reads: 431
Feb. 12, 2016 11:15 AM EST Reads: 139
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
Feb. 12, 2016 10:41 AM EST
SYS-CON Events announced today that (ISC)²® (“ISC-squared”) will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Two leading non-profits focused on cloud and information security, (ISC)² and Cloud Security Alliance (CSA), developed the Certified Cloud Security Professional (CCSP) certification to address the increased demand for cloud security expertise due to rapid growth in cloud. Recently named “The Next...
Feb. 12, 2016 10:30 AM EST