VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 11/13/12 — Taipan Resources Inc. („Taipan“ or the „Company“) (TSX VENTURE: TPN) is pleased to announce the addition of Maxwell Birley to the Board of Directors of Taipan Resources Inc.
Mr. Charles Watson commented, „We are pleased to welcome Mr. Birley to the board of Taipan Resources. Since his appointment as CEO in July, Mr. Birley has delivered several key milestones for Taipan and has shown a strong commitment to the Company including relocating to Nairobi.“
Maxwell Birley has over 30 years experience in the oil and gas industry including senior roles with Marathon Oil, Premier Oil, and Oil Search Limited and in-country operating experience in Equatorial Guinea, Pakistan, Yemen, and India. Mr. Birley has a geological geophysical degree and is an Explorationist by training. Throughout his career, Mr. Birley has been directly involved in the discovery of over 1.75 billion barrels of oil equivalent. He has also been responsible for negotiating numerous farm-out and farm-in agreements and acquisitions, and for managing and developing multi-billion dollar oil and gas assets in Africa.
Mr. Mike Devji has accordingly stepped down as a Director of the Company.
About Taipan Resources Inc.
Taipan Resources Inc. (TSX VENTURE: TPN) is an independent Africa oil and gas exploration company with interests in 9.7 million gross oil and gas exploration acres (39,588 km2) in Block 1 and Block 2B onshore Kenya. Through its wholly owned subsidiary Lion Petroleum Corp., Taipan currently holds a 100% working interest in Block 2B (1.9 million acres / 7,807 km2) and a 20% working interest in Block 1 (7.8 million acres gross / 31,781 km2) which is operated by Afren plc. Taipan-s total mean net unrisked prospective resources on the Blocks are estimated to be 530 million barrels of oil equivalent. Taipan is traded on the TSX Venture Exchange with the symbol TPN.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Taipan Resources Inc. Joel Dumaresq Director (604) 336 3193
Kin Communications Inc. 604-684-6730 or 1-866-684-6730
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