Cap-Link announced that Mr. Douglas Urch has been appointed a Director of the Company effective January 25, 2010. Mr. Urch is Executive VP, Finance and CFO of Bankers Petroleum Ltd. a Canadian based public oil and gas company with heavy oil assets in Albania and current production exceeding 8,000 bopd.
From September 2000 until January 2008, Mr. Urch was VP, Finance and CFO of Rally Energy Corp., which had heavy oil operations in Egypt. Previously, Mr. Urch provided financial management services for a variety of public and private companies. He has over 25 years of oil and gas industry experience, is a Certified Management Accountant (CMA) and holds a Bachelor of Commerce degree from the University of Calgary. Mr. Urch will also act as Chairman of Cap-Link's Audit Committee.
Mr. Urch replaces Mr. Iftikar A. Ahmed who resigned as a director of Cap-Link effective January 19, 2010. Mr. Ahmed has been involved with Petrodorado since inception and has been an integral part of its development through to the acquisition of Petrodorado by Cap-Link. The Board of Directors and Officers of the Company thank him for his many valuable contributions and wish him continued success in his business endeavors.
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