CALGARY, June 16 /CNW/ - Bow Valley Energy Ltd. (TSX - BVX) announcesthat Matthew L. Janisch, Vice President Finance & Chief Financial Officer, hastendered his resignation, effective immediately. Until his replacement isappointed, Mr Janisch's duties will be assumed by the President and ChiefExecutive Officer and other members of management with the continued oversightby the Board of Directors and the Audit Committee.
R. G. Moffat, President and CEO of Bow Valley stated: "On behalf of theBoard of Directors, we wish to thank Mr. Janisch for his many contributions tothe Company over the past few years and wish him well in any futureendeavours."
Bow Valley Energy Ltd. is an international oil and natural gasexploration, development and production company with operations in the U.K.sector of the North Sea and Alaska. The common shares of the Company trade onthe Toronto Stock Exchange under the symbol BVX.
Certain statements included or incorporated by reference in this newsrelease constitute forward-looking statements or forward-looking informationunder applicable securities legislation. Such forward-looking statements orinformation are provided for the purpose of providing information aboutmanagement's current expectations and plans relating to the future. Readersare cautioned that reliance on such information may not be appropriate forother purposes, such as making investment decisions. Forward-lookingstatements or information typically contain statements with words such as"anticipate", "believe", "expect", "plan", "intend", "estimate", "propose","project" or similar words suggesting future outcomes or statements regardingan outlook. Forward-looking statements or information in this news releaseinclude, but are not limited to, statements or information with respect to:business strategy and objectives; development plans; exploration plans;acquisition and disposition plans and the timing thereof; reserve quantitiesand the discounted present value of future net cash flows from such reserves;future production levels; capital expenditures; net revenue; operating andother costs; royalty rates and taxes.
Forward-looking statements or information are based on a number offactors and assumptions that have been used to develop such statements andinformation but which may prove to be incorrect. Although the Company believesthat the expectations reflected in such forward-looking statements orinformation are reasonable, undue reliance should not be placed onforward-looking statements because the Company can give no assurance that suchexpectations will prove to be correct.
