VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/24/11 — Bucking Horse Energy Inc. (the “Company” or “Bucking Horse”) (TSX: BUC) is pleased to announce the appointment of Mr. Vinko (Victor) Barcot Jr. to the Company–s Board of Directors effective August 24, 2011. Mr. Barcot will serve as an independent Director.
Mr. Barcot is currently a Director within HSBC–s Resources & Energy Group focused on strategic development and M&A advisory in the Americas. Victor has over 15 years of experience in the oil and gas industry and has spent most of this time providing investment banking services to both the upstream and downstream energy sectors. During this time, Mr. Barcot has completed over $10 billion of strategic advisory assignments and over $12 billion in capital raising within the energy sector.
Prior to his engagement with HSBC, Mr. Barcot served as a Director of the Global Oil and Gas Investment Banking Group of Macquarie Bank, and as Vice President within ABN AMRO–s North American M&A Group. Mr. Barcot also worked in the Natural Resources Group of Banc of America Securities LLC and was responsible for the execution of M&A and corporate finance advisory assignments for the major integrated oil companies, independent refiners, and independent oil and gas exploration and production companies in the Americas.
In addition, Mr. Barcot has previously worked as an equity research analyst focusing on the U.S. independent exploration and production sector for Credit Suisse First Boston–s energy research team as well as for the Oil & Gas Research Team at Banc of America Securities LLC. Victor earned his M.B.A. and B.B.A. in Finance with honors from the University of Houston.
“We are delighted to have Victor join the Board,” stated Gordon Nielsen, President and CEO. “Victor–s experience in global investment banking and corporate development will broaden the Board–s capabilities significantly.”
Granting of Stock Options
The Company is granting stock options (the “Options”) to acquire 100,000 common shares of the Company (each a “Share”) at a price of C$4.50 per Share. The Options will expire 5 years from the date of grant. The grant of Options is subject to the Company–s stock option plan and regulatory approval.
About Bucking Horse Energy Inc.
Bucking Horse Energy is an independent oil and gas exploration and production company focused exclusively on its Warbonnet and Mesa natural gas properties in the Pinedale field, within the Green River Basin of southwestern Wyoming. The common shares of the Company are listed for trading on the Toronto Stock Exchange under the symbol “BUC”. For more information on Bucking Horse Energy, please visit the Company website, .
On behalf of the Board of Directors:
Gordon Nielsen, President
Contacts:
Bucking Horse Energy Inc.
Gordon Nielsen
President
604-331-3398