PetroFrontier reported that Matthew Philipchuk, President, has resigned from PetroFrontier effective immediately in order to pursue other business opportunities in Australia. Robert Iverach, Executive Chairman of PetroFrontier expressed his thanks on behalf of the Board and stated, "Matthew was a leader in founding PetroFrontier in February 2009 and in accumulating its substantial land position in the Georgina Basin of the Northern Territory, Australia, that the corporation is now actively exploring. PetroFrontier's Board of Directors thanks him for his past service and wishes him success in his future ventures."

The Board of PetroFrontier announced that Paul Bennett, Chief Executive Officer of PetroFrontier, has also been appointed President effective immediately. With an executive career spanning over 37 years in geoscience, mining and the oil and gas industry, Paul has supervised technical geological and geophysical teams in the Gulf of Mexico, the North Sea, Western Canada, Newfoundland and Nova Scotia. Paul has held the position of Chief Executive Officer of PetroFrontier since its formation on February 6, 2009. Paul is a geologist with a proven track record of value creation through both development and exploration in growth oriented oil and natural gas companies. In his new capacity he will continue to apply his long history of consistent success as an executive for the benefit of PetroFrontier shareholders.

Tags: PetroFrontier