Oilsands Quest Names New President and COO
Oilsands Quest Inc. has appointed Jamey Fitzgibbon P.Eng, MBA as President and Chief Operating Officer of the Company. Fitzgibbon joins the senior executive office of the founder and Chief Executive Officer Christopher H. Hopkins and Executive Chairman T. Murray Wilson. This team will steward the company's expanding exploration and delineation work, the active commercialization of its assets, the continuing management of the ongoing reservoir testing, the joint venture partnership discussions and the planned development of its first 30,000 bpd project.
Fitzgibbon has impressive credentials and highly relevant experience. He most recently served as Vice President, Resource Development of OPTI Canada Inc. where his responsibilities included all aspects of OPTI's non-operated (Nexen operated) business lines, all aspects of OPTI's non-operated (Nexen operated) business lines, including SAGD project execution and operations, marketing, resource delineation and future phase development. This included leading OPTI's team of geoscience and engineering professionals. In addition, Fitzgibbon was responsible for all aspects of OPTI's planning and business development, including corporate planning and financial modeling, reserves management and corporate strategy development, as well as assisting in executing and leading various financings at OPTI, including private and public equity (over $1.5 billion) and private and public debt (over $3 billion), supporting financial planning and investor relations, and representing OPTI at conferences and investor presentations.
Fitzgibbon has a B. Sc. in chemical engineering from Queen's University and an MBA from University of Calgary. Additional industry experience includes 14 years in oil sands and heavy oil, including 10 years with Esso Resources principally at the Cold Lake development and four years at Elan Energy and Ranger Oil, where he was Manager of Heavy Oil. Prior to joining OPTI in 2002, Fitzgibbon was Vice President of TD Securities where (along with Wilson) he was a founding member of TD's oil sands investment banking practice.
"We are thrilled to have Jamey Fitzgibbon join our senior management team as President and COO," said Christopher Hopkins, Oilsands Quest CEO. "We have a very significant exploration and development agenda ahead of us and we know Jamey's proven talents, execution capability and energy will greatly assist Oilsands Quest in continuing to achieve its commercialization goals."
T. Murray Wilson, Executive Chairman, added, "Mr. Fitzgibbon's skills will not only enhance the executive offices of the company, but will enable an expanded and aggressive focus on planning and execution to ensure the
successful delivery of the tremendous underlying shareholder value in Oilsands Quest's assets and businesses."
Fitzgibbon is scheduled to commence his duties with Oilsands Quest mid September 2008.
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