Oct 8 - 2014 Canuc Resources appoints Mockler CEO
Hub as CEO has always delivered shareholder value.. Cheers Stanley ...................................... Canuc Resources appoints Mockler CEO 2014-10-08 08:43 ET - News Release Mr. Hub Mockler reports CANUC PROVIDES MANAGEMENT UPDATE Canuc Resources Corp. has made changes in its management structure. Effective October 1st 2014, Mr. H.J. Mockler will assume the position of CEO. Mr. Mockler was President and CEO of the Corporation for nearly 20 years until 2011 when he became Chairman of the Corporation. During that time Mr. Mockler guided the Company through some very difficult years managing to keep the Corporation solvent and active in mineral exploration. Through his efforts Canuc acquired some acreage in West Central Texas that had potential for oil and gas. This resulted in Canuc working closely with Marjac Oil Company, Inc. of Breckenridge, Texas. Over the past four years Marjac has drilled and completed nine producing gas wells in which Canuc has varying interests, from 15% to a 100% working interest. Canuc has a 20% working interest in the six most prolific wells, the Thompson wells. The currently producing wells are generating operating cash flow of approx. US$45,000 per month. In addition, the Company's land position will allow for the drilling of several more wells which could materially increase Canuc's monthly cash flow. Mr. Gary Lohman has resigned as President and CEO to pursue other activities. However, he will continue to serve as a member of the Board of Directors. He will also be available to consult on mineral properties which the Company is seeking to acquire. "With the cash flow generated by the gas production in Texas, Canuc believes that it is in a strong position to acquire attractive mineral properties", states Hub Mockler, Chairman and CEO of Canuc