Wow! Power house team! The stars have alligned and now we watch the show. Looking forward to the future of this company!!!
Mr. Mark Woods reports
GALLIC ANNOUNCES RESULTS OF AGM
Gallic Energy Ltd. has released results from its annual general and special shareholder meeting held on Oct. 5, 2010. Shareholders approved the company's new stock option plan and elected the board of directors for Gallic comprising Jason Bednar, Charle Gamba, Richard Grafton, Gordon McIntosh, Mark Woods and John Garden. "Gallic sincerely thanks its outgoing directors Peter Haverson and Richard Wadsworth for their service to the company and their continued support," said Mr. Woods.
At a meeting of the newly elected board of directors following the AGM, Mr. Bednar was appointed chairman of the board, and the board of directors also appointed Robert Cross as special adviser to the board. Gallic is currently engaging an external engineering firm to evaluate the unconventional gas resource potential on Gallic's two exploration permits comprising 320,000 acres in southern France.
"We are pleased to see the addition of and we welcome the new additions to the company's board of directors," said Mr. McIntosh, who was reappointed to the company's board of directors at the AGM.
Mr. Bednar is a chartered accountant (1996) with 15 years experience in oil and gas exploration companies. Mr. Bednar co-founded Sagres Energy Inc., a South American and Caribbean-focused energy exploration company, in June, 2009, and is currently that company's chief financial officer and a director. Mr. Bednar also currently serves as chairman of the audit committee of Canacol Energy Inc., a Colombian-focused oil company, and has been a Canacol director since 2008. Mr. Bednar was the founding chief financial officer of Pan Orient Energy Corp., a Southeast Asia exploration company, in 2004 and served in that capacity until April, 2009. He also served as manager of financial reporting for Canadian 88 Energy Corp. between 1998 and 2002, and was controller of Canadian Superior Energy Inc. between 2002 and 2004.
Mr. Gamba has been president, chief executive officer and a director of Canacol Energy Ltd., a South American-focused oil company, since 2008. Prior thereto, Mr. Gamba was vice-president of exploration for Occidental Oil & Gas Company, based in Bogota, Colombia, from 2004 to 2006. In his seven years with Occidental, Mr. Gamba lived and worked in Ecuador, Qatar, Colombia and the United States in a variety of technical management roles. Mr. Gamba has also worked for Alberta Energy Company in Argentina and Ecuador between 1998 to 2001, and for Occidental Petroleum-Canada in Indonesia, Australia and Canada between 1996 and 1998. He started his professional career as a geologist with Imperial Oil in Calgary in 1994. Mr. Gamba holds an MSc and PhD in geology.
Mr. Grafton has over 30 years of experience in the investment and energy business. Mr. Grafton has been president and chief executive officer of Grafton Capital Corp., a private capital company concentrating on long-term value creation, since January, 2008. In 2007, Mr. Grafton was appointed vice-chairman of Canaccord Capital Corp., acting as the firm's ambassador to the global energy markets. Prior thereto, between January, 2004, and December, 2007, Mr. Grafton acted as executive vice-president and managing director, global head of energy of Canaccord Adams. He was responsible for all aspects of the firm's oil and gas operations.
Mr. McIntosh has been the manager of northern and B.C. operations for Trident Exploration Corp. since 2008. Prior thereto, Mr. McIntosh held the position of vice-president, engineering, at Tecton Energy Canada ULC from March, 2006, to December, 2008, and the position of senior exploitation engineer with Ketch Resources Trust from July, 2005, to March, 2006. From July, 2003, to July, 2005, Mr. McIntosh worked as a program manager with Samson Canada Ltd.
Mr. Woods is a professional engineer with over 15 years of oil and gas operations, and production experience. Mr. Woods has been the president and chief operating officer of the corporation since January, 2009. From 2007 to 2009, Mr. Woods was a senior engineer with Enerplus Resources Fund in Canada and the United States. From 2005 to 2007, Mr. Woods was a manager of operations with Stylus Energy Inc. Prior thereto, between 1995 and 2005, Mr. Woods held senior engineering positions with intermediate and major public companies, including Acclaim Energy Trust, Devon Canada and its predecessor Anderson Exploration, and Marathon Oil and its predecessor Unocal Canada.
Mr. Garden is a professional engineer with over 30 years oil and gas drilling, completions and production operations experience, and is currently the president and chief executive officer of Deadeye Engineering Inc. Mr. Garden currently manages and engineers operations in Canada, Albania and Ukraine.
Mr. Cross has more than 20 years of experience as a financier in the mining and oil and gas sectors. He is a co-founder and non-executive chairman of Bankers Petroleum Ltd. (since June, 2004), a director of BNK Petroleum Inc. (since July, 2008), non-executive chairman of B2Gold Corp. (since October, 2007), co-founder and chairman of Petrodorado Energy Ltd. (since December, 2009), and until October, 2007, was the non-executive chairman of Northern Orion Resources Inc. Between 1996 and 1998, Mr. Cross was chairman and chief executive officer of Yorkton Securities Inc. From 1987 to 1994, he was a partner, investment banking, with Gordon Capital Corp. in Toronto. He has an engineering degree from the University of Waterloo, and received his MBA from Harvard Business School in 1987.