Contact Information: Contact Information: Company Contact: Naeem Tyab Mogul Energy Tel: 206-357-4220 naeem@mogulenergy.com http://www.mogulenergy.com
Mogul Energy International, Inc. Announces the Appointment of Mr. Henry Kloepper as a Director
| Source: Mogul Energy International Inc.
SEATTLE, WA--(Marketwire - February 24, 2010) - Mogul Energy International, Inc. (OTCBB : MGUY )
(FRANKFURT : BKX ) announced it has appointed as a director, Mr. Henry J.
Kloepper effective February 22, 2010. Mr. Kloepper's appointment fills the
vacancy created by the earlier resignation of Mr. Ernie Pratte on October
5, 2009. Mr. Kloepper has been involved in investment banking and
structured finance over a thirty year career. He brings a well-rounded
knowledge of the financial markets and strategic growth and investments.
In the past Mr. Kloepper has worked in senior executive positions with J.P.
Morgan, Citibank Canada, North American Trust (now Laurentian Bank) and
Security Pacific Bank (now Bank of America) in Canada, the US and in
Europe.
Mr. Kloepper is a director and consultant to companies in the resource
sector and airline industry. His responsibilities have varied from being an
audit committee member to being the president & CEO of a company in the
food and beverage industry.
Information concerning Mogul Energy International:
Mogul Energy is an oil and gas exploration company with headquarters in
Seattle, Washington.
The common shares of Mogul Energy are quoted on the OTC Bulletin Board
(OTCBB) system under the symbol "MGUY," and the Frankfurt Stock Exchange
("FSE") under the symbol "BKK." Further information concerning Mogul Energy
can be found in the Company's filings with the U.S. Securities and Exchange
Commission (http://www.sec.gov).
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning
of the securities laws, which are based on current expectations and
beliefs, as well as on a number of assumptions concerning future events
made with information that is currently available. Statements in this news
release that are not historical facts are forward-looking statements that
are subject to risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely," "believes" and
words of similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results, estimates
of amounts not yet determined and assumptions of management. Inherent in
the Company's business plan is a belief that Mogul Energy can successfully
explore oil and gas properties in Canada and the United States, and that
the Company can participate in the development of those properties. Readers
are cautioned not to put undue reliance on such forward-looking statements,
which are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside of Mogul
Energy's control, which could cause actual results to differ materially
from such statements. For a more detailed description of the factors that
could cause such a difference, please refer to Mogul Energy's filings with
the U.S. Securities and Exchange Commission. Mogul Energy International,
Inc. assumes no obligation to update or supplement such forward-looking
statements other than as required by law.