DGAP-News: MCW ENERGY GROUP APPOINTS EXPERIENCED CHIEF EXECUTIVE OFFICER TO TRANSFORM THE COMPANY INTO A FULLY INTEGRATED ENERGY OPERATION
(firmenpresse) - DGAP-News: MCW Energy Group Limited / Key word(s): Change of
Personnel/Strategic Company Decision
MCW ENERGY GROUP APPOINTS EXPERIENCED CHIEF EXECUTIVE OFFICER TO
TRANSFORM THE COMPANY INTO A FULLY INTEGRATED ENERGY OPERATION
17.10.2011 / 11:40
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MCW ENERGY GROUP APPOINTS EXPERIENCED CHIEF EXECUTIVE OFFICER TO TRANSFORM
THE COMPANY INTO A FULLY INTEGRATED ENERGY OPERATION.
October 17th, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW
Energy Group, listed on the Open Market of the Frankfurt Stock Exchange, is
pleased to announce the appointment of Dr. R Gerald Bailey as its new Chief
Executive Officer MCW, a Canadian holding company involved in oil
production/distribution and oil sands recovery technology.
Dr. Bailey, P.E., has been appointed Chief Executive Officer of MCW Energy
Company and its two portfolio companies: the California-based MCW Fuels
(formerly McWhirter Distributing Company), established in 1938, a leading
distributor of branded and unbranded gasoline and diesel products
throughout the western United States, and MCW Oil Sands Recovery, LLC, an
oil sands extraction technology company with an oil sands lease and
proprietary oil sands extraction technology based in Utah. Dr. Bailey has
had extensive experience in the oil resource sector, with over 45 years
experience in the petroleum industry, which includes the position of
President of Exxon-Arabian Gulf, responsible for Exxon's interests in the
Gulf Region. His background covers all facets of the oil business with
assignments in engineering, management and executive positions in both
upstream and downstream sectors. He is currently Chairman of Bailey
Petroleum, LLC, BCM Energy Inc., Well Grounded Energy Inc. and Vanguard
Energy Corp.
His former positions include Director of Exxon Qatar, Director of Abu Dhabi
Onshore Oil Company, Assistant General Manager Abu Dhabi Onshore Oil Co.,
and Operations Manager of Qatar General Petroleum Corp., (Dukhan&Umm Said
Operations). Dr. Bailey has also held various positions in the oil
development sector in Qatar, Aruba and Libya. Dr. Bailey holds a PhD
Degree from Columbia Pacific University, San Rafael, CA, Engineering
Doctoral Studies, Lamar University, Beaumont, TX, MS Chemical Engineering,
New Jersey Institute of Technology, Newark, NJ and BS Chemical Engineering
University of Houston, TX. He is the author of a number of industry
technical papers/articles, including 'The Future of Oil&Gas
Developments,' 2010.
Dr. Bailey will play a key role in implementing MCW's plans to integrate
its steadily growing fuel distribution enterprise with an emerging, proven
oil sands extraction technology company. The Company's management team is
confident that with Dr. Bailey's extensive industry experience, it is much
closer to achieving its vision and goals of becoming one of North America's
leading vertically-integrated oil and gas companies.
About the MCW Energy Group:
MCW Energy Group is a Canadian holding company with two principal portfolio
companies: the California-based MCW Fuels, established in 1938, a leading
distributor of branded and unbranded gasoline and diesel products
throughout the United States, and MCW Oil Sands Recovery, LLC, an oil sands
extraction technology company based in Utah, which is focusing on providing
a new source of domestic oil from America's virtually untapped oil sands
resources. With an ongoing production of oil from its oil sands leases, MCW
intends on becoming a profitable supplier of oil to several regional
refineries. This new domestic source revenue will provide strategic
leverage for MCW through direct control of oil pricing and supply within
its core distribution network.
For more information, please visit the corporate website:
www.mcwenergygroup.com
North American Investor Relations Contact:
Paul Davey,
MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P 2E5 Canada
Tel.: 001 (800) 979-1897
Fax: 001 (866) 571-9615
Mail: info(at)mcwenergygroup.com
Germany/Europe Investor Relations Contact:
Jörn Gleisner
Tel.: +49 (0)69 95 90 83 20
Fax: +49 (0)69 95 90 83 99
Mail: j.gleisner(at)financial-relations.de
The information does not constitute an offer of or an invitation by or on
behalf of MCW Energy Group or any of its subsidiaries to subscribe for or
purchase securities of MCW Energy Group or any of its subsidiaries, but is
provided as a matter of record only.
In particular, the information contained does not constitute an offer of
securities for sale or solicitation of an offer to buy securities in the
United States of America. Securities may not be offered or sold in the
United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
End of Corporate News
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142458 17.10.2011
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Datum: 17.10.2011 - 11:40 Uhr
Sprache: Deutsch
News-ID 76555
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