UNX Energy Appoints Mr. Brad Holub As Chief Operating Officer

abarrelfull wrote on 06 Oct 2010 12:08
Tags: canada namibia unx upstream

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UNX Energy Corp. (TSX-V: UNX) (“UNX”), an emerging oil and gas company with interests offshore Namibia, announced today that Mr. Brad Holub has been appointed as the Company’s Chief Operating Officer. His primary responsibilities will be to oversee the operations of the Company as well as to evaluate, develop and promote new business opportunities.

“We are pleased to welcome Mr. Holub to the UNX team. His diverse experience will allow us to expand and develop our business and provide us with the skills required to move forward with our business plan,” said Mr. Gabriel Ollivier, President and CEO of UNX. “Mr. Holub has considerable senior level experience in business development as well as reservoir and production engineering, and brings specific competencies in areas supporting the development of our data room for third party joint venture opportunities in the coming quarter.”

Mr. Holub is a professional engineer with more than 15 years experience in the energy sector. Over the past 12 years he has held a variety of progressively senior management positions at Sherritt International Corporation. He has developed strong technical engineering skills in addition to strong leadership, management and strategic abilities. Of particular importance to UNX was his responsibility for all of Sherritt’s oil and gas and power operations, in addition to being a key member of the senior leadership team in both divisions. In this senior position, he was responsible for managing all aspects of operations including production, facilities, drilling, supply chain, IT and field work, and was accountable for an annual budget of approximately US$250 million. He has also developed and driven numerous key strategic initiatives as well as operational optimization and efficiency projects.

Today UNX also announced that it has granted incentive stock options to certain consultants and officers to purchase 775,000 common shares of the Company at a price of $3.04 exercisable until September 28, 2015. The options are being granted pursuant to the terms of the Company’s stock option plan.

UNX Energy Appoints Mr. Brad Holub As Chief Operating Officer

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