Vancouver, British Columbia, November 26, 2013 - Avanti Energy Inc. (TSX Venture: AVN) (the "Company") is pleased to announce the appointment of Robert S. Boswell as Special Advisor to the Board of Directors, effective immediately.
Mr. Boswell is an experienced oil and gas corporate executive with a strong track record of managing and growing both public and private Exploration and Production companies.
Bob was Chairman and Chief Executive Officer of Forest Oil Corporation (FST:NYSE), a large independent oil and gas exploration and production company headquartered in Denver, Colorado. He joined Forest Oil's Board of Directors in 1987 and in 1989 was recruited to be its Chief Financial Officer. Bob became President of Forest Oil in 1993 and its Chief Executive Officer in 1995. It was during this period of time that Bob worked with the members of the Avanti management team, namely: John McIntyre, Bud Knell, Tim Berge, and Mark Frascogna.
In May 2004, Bob co-founded Laramie Energy I which raised and invested over $200 million from private equity investors, together with a conservative level of bank debt, in a major field development in the southern end of the Piceance Basin. Three years later, in May 2007, Bob and his team sold this project to Plains Exploration and Production for over $1 billion. In June 2007, Bob reassembled the core team into Laramie Energy II, raised over $300 million from repeat investors, and acquired a new set of underdeveloped assets in Garfield County, Colorado.
Prior to his fourteen years with Forest Oil, Bob spent most of his career as with Adams Affiliates, a Tulsa-based conglomerate owned by the family of the former Phillips Petroleum Chief Executive Officer, "Boots" Adams. Adams Affiliates' investments spanned oil and gas E&P, oil field services, real estate, and ranching. Bob was initially the company's Chief Financial Officer and subsequently its Chief Operating Officer and President.
Bob obtained a M.B.A. degree from the University of Texas at Austin and a B.S. degree in Chemical Engineering, Magna Cum Laude, from Vanderbilt University. He is currently a member of the Independent Petroleum Association of America, Colorado Oil & Gas Association, Independent Petroleum Association of the Mountain States, the All American Wildcatters, and serves on the board of directors of Enerflex Ltd. (TSX-EFX). Bob is a former trustee of the Gas Technology Institute.
For more information please contact Karl Kottmeier, director at 604 689 7422. Please visit our website at www.avantienergy.com.
"John F. McIntyre"
President, CEO
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