News - New Pres. and drilling on the way.CALGARY, ALBERTA--(Marketwire - Jan. 5, 2011) - Newton Energy Corporation (TSX VENTURE:NTN - News; the "Company" or "Newton") is pleased to announce the appointment of Steve Engwall as Chief Executive Officer effective January 4, 2011. The Company also announces that it has received two positive Decision Notices for two of its primary drill sites.
Steve Engwall is a British national based in the United Kingdom. Steve is a reservoir engineer with 34 years of Oil and Gas industry experience in the UK and continental Europe. Steve started with Schlumberger, worked with Occidental Petroleum for 10 years rising to Chief Petroleum Engineer, and 13 years at Total/Elf as Head of Negotiations. Steve has also provided senior strategic and planning consulting services including field development, coordination of joint ventures and reservoir engineering evaluation to various Oil and Gas companies operating in the UK and internationally such as Nexen, TAQA Bratani and Faroe Petroleum.
Newton would also like to announce that it has received two Decision Notices from the Nottinghamshire County Council for its Cropwell Butler and Harlequin well sites. These Mineral Planning Permissions allow the Company to proceed with its plan to explore and develop its 150,000 acres under license in the Onshore UK basin.
The Company would like to thank Tom Milne for serving as Interim CEO during an important period of transition and development of the Company.
About Newton
Newton is an emerging oil exploration company focused on the underdeveloped basin in the East Midlands area of the United Kingdom, a contiguous area covering 100,000 acres located to the Southwest of the city of Nottingham. Newton has an additional license covering an additional and adjacent 50,000 acres jointly with another UK company. With its 150,000 acres of exploration licenses on six contiguous blocks, management believes it will become a leading onshore United Kingdom oil company. Newton maintains offices in Nottingham, England and Calgary, Alberta.