This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Equal Energy Announces Board Of Director Nominees

Stocks in this article: EQU

CALGARY, ALBERTA, April 2, 2013 /PRNewswire/ - Equal Energy Ltd. (TSX: EQU) (NYSE: EQU).

Dan Botterill, Equal's outgoing Chairman of the Board, is pleased to announce its board of director nominees for Equal's Annual and Special Meeting of Stockholders to be held on May 13, 2013.

Equal's current independent directors, Vick Dusik, Bob Wilkinson and Michael Doyle are standing for re-election, as is Don Klapko, the President and Chief Executive Officer of the company.

The three new board of director nominees are:

Lee Canaan : Ms. Canaan has over 33 years of professional experience in both oil and gas operations, capital markets and investment management. Ms. Canaan has worked for three major oil companies, one of the ten largest global mutual fund families, and is currently the founding partner and portfolio manager of a private investment management firm. She began her career working as a petroleum geophysicist for eight years with Amoco in Houston. Post-MBA, Ms. Canaan was a money manager and corporate finance professional at ARCO's Corporate Treasury in Los Angeles before joining AIM Management in Houston.  At AIM Management, she was a member of a small investment team managing $4 billion in high yield bonds. Currently, Ms. Canaan manages a "special situations" investment fund and has served on the executive team of a private equity firm in Bloomfield Hills, Michigan. In 2009, the US Department of Energy recognized Ms. Canaan as a Geothermal Energy and Financial Valuation Expert for the purpose of reviewing public and private sector loans, grants, and awards. Ms. Canaan has previously served as a director of two publicly-traded companies.  She has a B.S. in Geological Sciences from the University of Southern California, M.S. in Geophysics from the University of Texas in Austin, M.B.A. in Finance from the Wharton School at the University of Pennsylvania and holds the Chartered Financial Analyst (CFA) designation. She is a former member of the American Association of Petroleum Geologists and the Society of Exploration Geophysicists.

Michael Coffman : Mr. Coffman is President, Chief Executive Officer and a Director of Panhandle Oil and Gas Inc. Panhandle is listed on the New York Stock Exchange and trades under the symbol PHX. He has been employed by Panhandle since 1990 serving as Treasurer, Chief Financial Officer, Co-President and, since 2007, President and CEO. Mr. Coffman graduated from Oklahoma State University in 1975 with a Bachelors' degree in Business Administration and worked in public accounting for three years before becoming involved with companies in the oil and gas industry. Mr. Coffman is a member of the Associates of the Spears School of Business at Oklahoma State University, a member of the Independent Petroleum Association of America and the Oklahoma Independent Petroleum Association. He is an advisory board member of The Bank of Oklahoma - Oklahoma City and in January 2013 was appointed to serve a three-year term on the Board of Directors of the Oklahoma City Branch of the Federal Reserve Bank of Kansas City.

Kyle Travis: Mr. Travis is a Petroleum Engineer with 34 years of diversified experience in the oil and gas industry. He has a proven record of effectively building oil and gas companies from infancy to significance.  Kyle has spent a large percentage of his career in Oklahoma and is very familiar with the plays in Oklahoma and surrounding states. He is experienced in all phases of petroleum engineering, including economic evaluations, reservoir, drilling, completion, and production engineering. His management experience includes both companies that have grown via drilling prospects and others through acquisitions. In addition to being President of Patriot Resources, LLC, Kyle currently teaches international and domestic completion and operations classes for Petroskills throughout the world. He has a B.S. degree in Petroleum Engineering from the University of Oklahoma.

"We are very pleased with the quality of individuals standing for election at the upcoming May 13 th Annual and Special Meeting of Stockholders", Dan Botterill, Equal's Chairman said. "Their pending election fulfills an important board commitment coming out of last year's strategic review, to increase the number of independent directors with U.S. based professionals having direct U.S. oil and gas business experience, particularly in the mid-continent region. The new board nominees collectively bring to Equal expertise in operations, geology, capital markets, public company management and business development, specifically in Oklahoma."

A governance priority of the Board is the eventual and timely migration to a Board  comprised principally of qualified independent directors from the U.S. "There is an understanding," Botterill further states, "that Equal has a number of complex legal and operational issues associated with our status as a public company in both Canada and the U.S. Equal's Board has a responsibility to stockholders in each jurisdiction to consider matters including proportionate representation on Board committees, company operations and management transition plans. Finally, I would like to thank the current Board for the diligence and effort exhibited during this nomination process. I have total confidence we have a highly qualified, independent and trustworthy slate of directors in place."

Dan Botterill, Roger Giovanetto and Peter Carpenter are not standing for re-election. Equal would like to thank these dedicated professionals for their guidance and support during their tenures as Equal board members.

About Equal Energy: Equal Energy is an oil and gas exploration and production company based in Calgary, Alberta, with its United States operations office located in Oklahoma City, Oklahoma. Our shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols (EQU, EQU.DB.B), and our shares are listed on the New York Stock Exchange under the symbol (EQU). Our oil and gas assets are centered on the Hunton liquids-rich natural gas property in Oklahoma.

Additional Information

Equal filed a preliminary proxy statement on Schedule 14A (the "Preliminary Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") on March 28, 2013 in connection with its 2013 annual meeting of stockholders (the "Annual Meeting").  Promptly after filing a definitive proxy statement with the SEC, Equal will mail the definitive proxy statement and a form of proxy card to each stockholder of Equal entitled to vote at the Annual Meeting. STOCKHOLDERS OF EQUAL ENERGY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  Copies of the definitive proxy statement and form of proxy will, along with other relevant documents, be available at no charge on the SEC's web site at http://www.sec.gov.  In addition, Equal will provide copies of the definitive proxy statement and accompanying proxy card (when available) without charge upon request.

Certain Information Regarding Participants

Equal, certain of its current directors and executive officers and each of the individuals nominated by Equal for election at the Annual Meeting—Ms. Canaan and Messrs. Coffman, Doyle, Dusik, Klapko, Travis and Wilkinson—may be deemed to be participants in the solicitation of proxies in connection with the Annual Meeting.  Information regarding the participants, including a description of their direct or indirect interests by security holdings, is contained in the Preliminary Proxy Statement. This document can be obtained free of charge from the sources indicated above.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs