Super Nova Petroleum Corp., (CSE:SNP,PINKSHEETS:SNOVF) announced the appointment of Ben Chu as its new President, COO and director. Mr. Chu has extensive experience in the oil industry, and is tasked to lead Super Nova’s technical team of consultants and become an important member of the Company’s management team.
As quoted in the press release:
Mr. Chu’s company, BNV Energy Company LLC (“BNV”), located in Houston, Texas, has recently purchased a parcel of Land form the companies land position on the Bakken Fairway in North-West Montana. BNV has also committed to drilling 2 gas wells and building a gas gathering system on a portion of the Company’s 12,000 acre farm-in lands on the Bakken Fairway in North-West Montana. The cost is estimated at $1,500,000 with the Company being carried for 40%. BNV also has a significant land position in the Alberta Bakken Fairway, much of it adjacent to the Company land positions, and thus we anticipate many shared resources, suppliers, learnings, and cooperative opportunities. BNV expects to commence drilling the gas wells once the winter crop of wheat is harvested by mid to end of August 2014.