CALGARY, Alberta, Sept. 20, 2017 (GLOBE NEWSWIRE) -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces the appointment of Mr. Scott Megaffin, CA, CFA as Chief Financial Officer of the Company, effective September 29, 2017.
Mr. Megaffin brings to Bengal a strong technical background, coupled with hands-on experience in all aspects of corporate finance, business development, and capital markets for public companies. Previously, Mr. Megaffin served as the manager of Business Development and Budgeting and Planning for Pengrowth Energy Corporation, a Toronto Stock Exchange listed intermediate Canadian oil and natural gas producer with thermal and conventional assets. Prior thereto, he worked in oil and gas equity research with a Calgary based investment bank. He became a member of the Institute of Chartered Accountants of Alberta in 2004 and a member of the Chartered Financial Analyst Institute in 2009.
“We are very pleased to welcome Mr. Megaffin to the Bengal team,” said Chayan Chakrabarty, Bengal’s President and CEO. “His direct experience in business development and the capital markets will be instrumental as Bengal continues to pursue strategic growth avenues.”
Mr. Megaffin will be replacing Mr. Jerrad Blanchard, who has served as Bengal’s Chief Financial Officer since 2013 and is resigning from the Company to pursue other opportunities. Mr. Blanchard will continue to provide transitional assistance to the Company on an as-needed basis until November 30, 2017.
“Jerrad has been a valued member of the Bengal team through his tenure, providing important financial management and leadership to the Company. On behalf of the Board of Directors and Bengal, I would like to thank Jerrad for his contributions and wish him continued success in his future endeavours,” said Chakrabarty.
Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal’s common shares trade on the Toronto Stock Exchange under the symbol “BNG”. Additional information is available at www.bengalenergy.ca.
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