Magellan Petroleum Corp. (MPET) Makes Board Changes, Announces New President and CEO
QualityStocks (December 15th, 2008) Writes:
Today, Megellan Petroleum announced that it has appointed William H. Hastings as its new President and CEO. Daniel J. Samela has resigned as Acting President and CEO and will assum the roles of CFO, Chief Accounting Officer and Treasurer. The company also announced changes to its Board of Directors.
Walter McCann, Magellan’s Chairman of the Board, stated, “Magellan’s Board is very pleased to have Bill Hastings assume the positions of President and CEO. Bill brings more than twenty-seven years of proven experience in the successful development of oil and natural gas reserves and also in the management of commercial gas operations, both in the U.S. and overseas, for Marathon Oil Company and other energy concerns.”
“Magellan’s acquisition of a 100% interest in our Magellan Petroleum Australia (MPAL) subsidiary two years ago was a major milestone in our Company’s history. We now look to Bill to lead Magellan’s diversification and to build
...Asia, Australia, Bill Hastings;, Daniel J. Samela;, energy, energy concerns;, gas operations, Magellan Petroleum Corp.;, Marathon Oil Company;, Megellan Petroleum;, natural gas reserves, Oil, Small & Micro Cap, Tim Largay;, Timothy L. Largay;, United States, Walter McCann;, William H. Hastings;


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)




