Vancouver, BC / ACCESSWIRE / September 16 2014 / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS") is pleased to announce the appointment of Mr. Thomas Bugg to the Board of Directors effective September 15, 2014.
Mr. Bugg has been involved in the oil and gas industry for the past 30 years through public and private companies and has significant experience drilling directional, horizontal, deep gas and heavy oil wells in both the United States and Western Canada.
Mr. Bugg has been involved in founding a number of oil industry companies including Beau Canada Exploration Limited where as Chairman, CEO and President he directed the Company from 0 productions in 1988 to over 18,000 bopd by early 2000. Additionally, Mr. Bugg was also one of the original founders of Ensign Drilling Limited. Ensign is now one of the largest drilling contractors in North America with a market capitalization of several billion dollars. Furthermore, Mr. Bugg was recently a past director of Ceiba Energy Services, a publicly traded company listed on the Toronto Venture Exchange that provides environment services to the oil industry.
Mr. Bugg will join the Board of Directors of the Company as an independent director, and will assist with the identification of suitable resource project opportunities and financing for the continued growth of the company.
Lorne Torhjelm CEO states, "The addition of Tom brings to the board of Cardiff expertise in areas that will greatly enhance Cardiff moving forward in its development program."
The Company would also like to announce the resignation of Gordon Bradford as CFO and a Director and the Company would like to thanks him for his contributions. Mr. Bal, the President of the Company will be assuming the position of CFO.
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President
Cardiff Energy Corp
604-306-5285
ON BEHALF OF THE BOARD OF DIRECTORS
"Lorne Torhjelm"
Lorne Torhjelm,
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
SOURCE: Cardiff Energy Corp