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Pacific Energy Resources Appoints New Board Members

Posted on: Monday, 31 March 2008, 09:01 CDT

Pacific Energy Resources, an oil and gas exploration and production company, has appointed James Nelson and Garrett Smith to its board of directors.

Mr Nelson is currently chairman and CEO of Eaglescliff, a business and financial advisory, consulting and wealth management company he founded in 1986. From March 1999 through December 2003, Mr Nelson was chairman and CEO of Orbit Capital, a private equity firm, and Orbit Aviation.

Mr Smith is currently CEO of Spinnerhawk Capital Management, a company he founded at the beginning of 2005. Through the Spinnerhawk entities, Mr Smith conducts wealth management activities, private investments in oil and gas, and investments in real estate development projects. From 2001 through 2004, Mr Smith served as a principal and portfolio manager for BP Capital, the investment firm founded by Boone Pickens.

Darren Katic, president of Pacific Energy Resources, said: "I speak for the entire board in extending a warm welcome to Mr Nelson and Mr Smith. Together their extensive experience in financial and oil and gas matters will bring tremendous value to the company and we look forward to working with them and striving to enhance value for Pacific's shareholders."

Source: Datamonitor

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