Bluegrass Says Hello to New CFO

Blugrass has appointed Jeff Dunphy as the Chief Financial Officer of the Company.

Jeff Dunphy has over 30 years of strategic advisory experience. In addition to his business career, Jeff is a part-time professor at the Haskayne School of Business (University of Calgary). Prior to joining Bluegrass, Jeff worked at Salman Partners, and Octagon Capital Corporation in Calgary.

Jeff began his career in accounting at Collins Barrow then moved to the Bank of Montreal in commercial oil and gas lending before joining the investment banking community. Jeff's investment banking career has encompassed Richardson Greenshields, Merrill Lynch, Yorkton Securities, Octagon Capital and Salman Partners where he was extensively involved in the Oil and Gas business through equity capital markets, mergers and acquisitions and debt capital markets.

Blugrass also announced that Ms. Grace Sutherin resigned as Chief Financial Officer and as Director of the company to pursue other career opportunities.

Commenting on this announcement, Mr. Ken Berscht, President of Blugrass said, "With the addition of Mr. Dunphy's experience in the Oil & Gas sector we have redefined our North American strategy, strengthened our operational excellence and expanded our total presence considerably in this very crucial stage."