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Daybreak Oil and Gas Appoints New President and CEO

Posted on: Tuesday, 28 October 2008, 06:00 CDT

Daybreak Oil and Gas, an oil and gas exploration and production company, has appointed James Westmoreland as its president and CEO.

Timothy Lindsey, a director, has held these offices on an interim basis since December 2007. Mr Lindsey was appointed to the board of directors in January 2007, and will continue to serve on the board. Mr Westmoreland was also elected to the company's board of directors. The addition of Mr Westmoreland expands the size of the company's board of directors to six members.

In addition to the duties as president and CEO, Mr Westmoreland will continue as the principal finance and accounting officer for the immediate future. Mr Westmoreland served as the interim CFO of the company from December 2007 until April 2008, when he was appointed, and has since served as executive vice president and CFO.

Dale Lavigne, chairman of Daybreak Oil and Gas, said: "We were very fortunate to have Tim on our team. With his leadership, he repositioned the company to capitalize on its assets and set the company up to be able to re-focus its efforts on projects which will allow the company to grow towards profitability. It was always Tim's intention, as interim president and CEO, to work toward this goal and to turn the company over to a successor."

Source: Datamonitor

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