Sunday, October 17, 2010

Covenant appoints Murray as chairman

Covenant appoints Murray as chairman

2010-10-15 11:03 ET - News Release


Mr. Frank Port reports

BRUCE MURRAY APPOINTED CHAIRMAN OF THE BOARD

Covenant Resources Ltd. has appointed director Bruce James Murray, a native Calgarian with 29 years of varied business and oil and gas experience, as its new chairman of the board.

"We are pleased that Bruce has accepted this nomination," said Frank Port, chief executive officer. "His leadership, depth and scope of industry expertise and operations knowledge will be important drivers for success in the future."

Mr. Murray has worked with both senior and junior oil and gas companies since earning his bachelor of commerce degree from the University of Calgary in 1979. He was president and director of the Toronto Stock Exchange-listed Tenergy Ltd. from 2005 until it was sold for $92-million to First Reserve and Quintanna Oil and Gas in early 2006, and was previously chief operating officer and director of TSX-listed Purcell Energy Ltd., which he co-founded. Approximately two-thirds of Purcell's assets were sold to Prairie Schooner Petroleum and Crescent Point Energy Ltd. for more than $150-million in 2005. The remaining assets were spun into two exploration companies, one of which was Tenergy Ltd.

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