Craig Hansen nominated to be on Journey Energy board.Back in Canada, Alex Verge's Alberta oil producer, Journey Energy Inc. (JOY), stayed unchanged at $2.73 on no volume. (Journey is an even thinner trader than PetroShale. Of its 39 million shares, 17.8 million are controlled by three institutions, while Mr. Verge controls a further 3.37 million.) Journey is preparing to welcome some new members to its board of directors. It has filed on SEDAR the circular for its annual meeting on June 13, disclosing that one director plans to step down and two new ones are being nominated for election. The departing director is Glenn Hamilton. He is the former senior vice-president and chief financial officer of Bonavista Energy Corp. (BNP), where he worked for nearly 19 years before retiring in August, 2016. The above-noted Mr. Verge, Journey's president and CEO, also worked for Bonavista for part of that time, from 1998 to 2003. As Mr. Hamilton departs, two newcomers will arrive to take Journey's board up to six members. One of the nominees is accountant Jeffrey Bowers, the CFO and senior vice-president, finance, of Western Energy Services. Western's website lists Mr. Bowers as a co-founder, which is partially true, in the sense that he was part of the group that recapitalized and repopulated the old Western Energy Services in 2009. Before that, he and several others now at Western worked for Precision Drilling. The other proposed newcomer is Craig Hansen, an engineer and the long-time president and CEO of Zargon Oil & Gas Ltd. (ZAR: $0.03). He has been in those roles since 1993. The years since have had ups and downs, but unfortunately, the stock is currently in a prolonged "down" phase. Zargon listed at $1.50 in 1993 and peaked at $40 in 2006. By the time oil prices crashed in 2014, Zargon, already struggling with debt and underperforming assets, was trading at around $10. It put itself up for sale in August, 2015, with its shares worth around $2. Nearly four years later, no suitors have been found and the stock is worth just three cents. Mr. Hansen is hoping to have more luck attracting suitors following the recent removal of Zargon's debt overhang. In January of this year, Zargon completed a shares-for-debt settlement with its debenture holders, who now own over 428 million of its 459 million shares. (The previous share count was 30.9 million.) Zargon now has a mere $3.5-million in outstanding term debt, production of over 1,800 barrels a day in Alberta and North Dakota, and over $200-million in tax pools with which to tempt a suitor. It continues to work with Macquarie Capital Markets to look for interested parties.