MegaWest Welcomes New Independent Directors, Key Staff

MegaWest Energy Corp. has announced the addition of independent directors and key staff.

New Independent Directors

MegaWest is pleased to announce the addition of Neil McCrank as an independent director to our Board of Directors. McCrank brings extensive engineering, legal and oil and gas regulatory experience to our Board. Since coming to Alberta in 1979, McCrank has not only been an active community volunteer but has also served on numerous national committees, task forces, and review panels. From 1998 to 2007, McCrank was Chairman of Alberta Energy and Utilities Board (AEUB) where he was responsible for the direction and coordination of the board's mandate governing energy resource development and utility matters in Alberta. McCrank is Counsel to Borden Ladner Gervais LLP, a national law firm and he is a director of Alta Gas Income Trust, one of Canada's largest integrated infrastructure and services companies. He is Chairman of the Canadian Energy Research Institute (CERI) and a member of a number of associations including the Law Society of Alberta, the Canadian and Calgary Bar Association, and the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

MegaWest is also pleased to announce the addition of Jack Holmes to our Board of Directors. Holmes has had a lengthy and distinguished career as a leader in the energy industry. He is currently the CEO of Zilkha Biomass Energy. In December 2007, Holmes retired as Chief Executive Officer of Syntroleum Corporation. From 1999 through 2002, he served in several capacities at El Paso Corporation. From 2001-2002, he was Chief Operating Officer of El Paso's Merchant Energy division. From 1999-2001, he was President of El Paso Production Company. Prior to El Paso, Holmes led Sonat Exploration Company as its President and Chief Executive Officer from 1998-1999 until its acquisition by El Paso. From 1986 to 1998, he served as President and Chief Operating Officer of Zilkha Energy Company, which under his leadership grew to $1.3 billion in value in 1998 before being acquired by Sonat. Before joining the original executive team at Zilkha, Holmes held numerous executive positions in the energy business with several independent energy companies after a distinguished decade of service at Exxon Company, USA from 1969-1979. He holds a degree in Chemical Engineering from the University of Mississippi.

New Key Staff Positions

MegaWest is pleased to announce the hire of Pat McCarron as VP Operations. With the start-up of our Marmaton River Project and pending start-up of our Grassy Creek Project in Missouri, combined with our existing Chetopa, Kansas Project, the Company requires full time oversight of the operational, health, safety and environmental aspects of its business. McCarron brings extensive experience in all of these fields with over 25 years of experience with gas processing, steam assisted gravity drainage (SAGD), and conventional oil operations. More specifically, he has considerable skill dealing with construction, commissioning and startup of new facilities, production operations supervision, and management of Environment, Health and Safety programs. McCarron holds a Power Engineers Certificate and has completed an Environmental Management program at the University of Calgary. He was the Operations Team Leader for Gulf Canada's Surmont SAGD pilot project, and most recently was Manager of Health and Safety for Harvest Energy Trust.

MegaWest is also pleased to announce the hire of Farid Naghiyev as Controller. Reporting to Kelly Sledz, VP Finance, Naghiyev brings a depth of experience in oil and gas accounting, finance, tax, and auditing. In addition, he has over eight years of international accounting experience in the Middle East and South East Asia and holds an MBA degree in Business Administration & Finance from Western University.

MegaWest has added Darcy Bury-Opel to its team, as Manager, Land. Bury-Opel has over 25 years of land experience with small to intermediate exploration and development companies operating in both Canada and the USA. Over the past 15 years, Bury-Opel has held senior positions in property, functional and A&D teams and has extensive experience managing freehold oil and gas leases. She has been an active member of the Canadian Association of Petroleum Landmen since 1984.

MegaWest is continuing to aggressively execute its business plan to add shareholder value. MegaWest's experienced management seeks to prove up significant resources and achieve early production from its world-class suite of operated heavy oil properties. MegaWest owns or has the right to earn an interest in over 125,000 acres in Missouri, Kansas, Kentucky, Montana and Texas. MegaWest's strategy for growth is underpinned by three converging market factors; the need for security of energy supply in North America, the current high world oil price, and the new technical developments in commercial thermal recovery of heavy oil. MegaWest plans to establish proven and producing unconventional heavy oil reserves in each of its core areas through delineation drilling and the completion of enhanced recovery production projects.
 

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