January 11, 2012
Bengal Energy Announces Appointment of New Directors to BoardCalgary, Alberta - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the appointment of three independent directors to its board - Dr. Brian J. Moss, Mr. Stephen N. Inbusch and Mr. Bill Wheeler. The new members bring a wealth of international exploration, development and financial experience to the Company as it advances its operations in Australia and India.
• Dr. Brian J. Moss, Ph.D., P.Geol: Dr. Moss brings more than
35 years of international exploration and development
experience in oil and gas to Bengal. Dr. Moss is a director
and Executive Vice President (Latin America) of Antrim Energy
Inc. Previously, he was President and CEO of Los Altares
Resources Ltd. and has held executive positions at Rio Alto
Exploration Ltd., Alberta Energy Company and Conwest
Exploration Ltd. Dr. Moss holds a Ph.D. in Petroleum Geology
from the Royal School of Mines, University of London, UK. He
is a member of the Association of Professional Engineers,
Geologists and Geophysicists of Alberta.
• Mr. Stephen N. Inbusch, B.A.: Mr. Inbusch brings more than
40 years of international energy sector investment banking
experience, including merger and acquisition transactions and
raising capital. During the course of his career, Mr. Inbusch
has held Managing Director positions at Canadian and U.S.
banking firms and public oil and gas companies. , including
CIBC World Markets, and Randall &Dewey/Jeffries. Mr. Inbusch
received his B.A. from Colgate University in 1971. Mr.
Inbusch is Chief Financial Officer of Dynamic Global Advisors
and has held that position since 2009.
• Mr. Bill Wheeler, C.F.A., B.Comm: Mr. Wheeler co-founded
Leith Wheeler Investment Counsel ("Leith Wheeler") in 1982,
which firm currently manages over $11 billion for private and
institutional clients. Mr. Wheeler has retired from the day
to day operations of Leith Wheeler but continues to serve as
Chairman of the Board. He also sits on the board of Azabache
Energy Ltd. In addition, he is President of Texada Capital
Management Ltd., a private company. Mr. Wheeler holds a
Chartered Financial Analyst designation and received his
B.Comm from the University of British Columbia in 1970.
"Bengal welcomes these three strong individuals to our
board," said Chayan Chakrabarty, President and CEO of Bengal.
"We look forward to integrating their experience and guidance
towards accelerating Bengal's significant growth potential."
Bengal Energy Ltd. is an international junior oil and gas
exploration and production company with assets in
Australia and India. The Company is committed to growing
shareholder value through international exploration,
production and acquisitions. Bengal trades on the TSX under
the symbol BNG. Additional information is available at www.bengalenergy.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bengal Energy Ltd. Chayan Chakrabarty, President and CEO Bryan Goudie, CFO (403) 205-2526 Email: investor.relations@bengalenergy.ca Website: www.bengalenergy.ca- 1 of 1 -
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