Richards Oil & Gas Appoints CFO

David Thomas, president of Richards Oil & Gas Limited, said that Lonn Bate has been appointed the company's new chief financial officer, effective April 1.

A chartered accountant, Bate most recently was director of finance, risk management, and treasurer of Viking Energy Royalty Trust. Previously, he held various positions with Shell Canada, Suncor Energy, TransCanada PipeLines, and PricewaterhouseCoopers.

Based in Calgary, Richards specializes in the exploration, development and exploitation of coal bed methane properties. The company's prospective CBM land base comprises 150.1 sections of land (96,064 acres gross, approximately 48,060 acres net). It containing a portfolio of near- to long-term cash flow opportunities, including prospects in the Horseshoe Canyon, Ardley, and Mannville CBM coal seams.