the 3rd director's name is Andrew Childs. He is the founder of petroleum ventures.
he currently is director of several companies. PV, International Recruitment, orion energy and grove energy.
the following are some extracts from the net regarding this bloke. My next task is to find out why they are interested in CVN.
Purchase of Common Shares Document Actions
September 8, 2005
News Release TSX-V Symbol: GRV AIM Symbol: GRV Corporate Office: #1500 - 885 West Georgia Street Vancouver, British Columbia, Canada, V6C 3E8 Tel: 1-604-669-2099 _________________________________________________________ Purchase of Common Shares __________________________________________________ Grove Energy Limited (the "Company") (TSX-V & AIM: GRV), the oil and gas exploration Company with its primary assets in Europe and the Mediterranean Margin, advises that a Non-Executive Director of the Company, Mr Andrew Childs, has informed the Company that he has purchased a total of 100,000 common shares of no par value in the Company. Mr Childs purchased a total of 100,000 common shares of no par value on the TSX Venture Exchange at an average purchase price of C$0.63 on 6 September 2005. The Company was informed of the acquisition yesterday. Following this purchase, Mr Childs has an interest in 366,095 common shares, representing 0.28% of its currently issued share capital. Grove is committed to building a diversified exploration, appraisal and development portfolio of oil and gas assets in Europe and the Mediterranean Margin. Grove’s principal business strategy is to generate a sustainable cash flow as quickly as possible. Grove’s assets are in proven hydrocarbon provinces, close to existing discoveries and infrastructure, in regions that are net importers of hydrocarbons with high domestic hydrocarbon prices and in countries with stable legal and political environments. GROVE ENERGY LIMITED
Grove Energy Limited Date: May 13, 2005 NEWS RELEASE Results of AGM and Directorate Change Grove Energy Limited (“Grove”) (TSX-V & AIM: GRV) announces that at the Annual General Meeting (“AGM”) held on 12 May 2005 all resolutions put to shareholders were passed. Following the AGM, Grove has appointed Mr Andrew Childs as a non-executive director. Mr Childs replaces Mr Charles Greenway who did not elect to be nominated for re-election as a director at the AGM. The Board thanks Mr Greenway for his contribution to the development of Grove and wishes him well for the future. Additional information on Mr Andrew Ross Childs (45) required by Schedule 2 of the AIM rules is set out below: Current Directorships Orion Energy Pty Ltd International Recruitment Pty Ltd Petroleum Ventures Pty Ltd Other than as set out above, Mr Childs has not been a director of any other company or partnership in the last five years. Shareholding Mr Childs has a beneficial interest in a total of 266,095 common shares of no par value in the capital of Grove. Grove is committed to building a diversified exploration, appraisal and development portfolio of oil and gas assets in Europe and the Mediterranean Margin. Grove’s principal business strategy is to generate a sustainable cash flow as quickly as possible. Grove’s assets are in proven hydrocarbon provinces, close to existing discoveries and infrastructure, in regions that are net importers of hydrocarbons with high domestic hydrocarbon prices and in countries with stable legal and political environments. GROVE ENERGY LIMITED Per "Glenn Whiddon" GLENN R. WHIDDON, CEO Some of the statements contained in this release are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “could,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential for the Company’s projects to experience technical or mechanical problems, geological conditions in the reservoir may not result in a commercial level of oil and gas production, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Neither the TSX Venture Exchange nor the AIM Market operated by London Stock Exchange plc approves nor disapproves of the information contained herein. The information contained herein does not constitute an offer of securities for sale in the United States, United Kingdom, Canada, Japan or Australia.
For further information please contact: Glenn Whiddon, CEO Web: www.groveenergy.com
E-Mail: [email protected] North America Phone: +1 604 669 2099 Fax: +1 604 943 3716 United Kingdom Robert Finlay Canaccord Capital (Europe) Phone: +44 (0)207 518 2777 Gary Middleton St. Swithins Phone :+44 (0)7951603289 [email protected] END
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Andrew Childs BSc Principal Andrew graduated in 1980 from the University of Otago, New Zealand with a Bachelor of Science Degree majoring in Geology and Zoology. Having started his professional career as an Exploration Field Geologist in the Eastern Goldfields of Western Australia, Andrew moved to petroleum geology and geophysics with Perth based Ranger Oil Australia, which was subsequently renamed Petroz NL. After a number of years with Petroz as a Geoscientist, Andrew was able to gain significant commercial experience as the Commercial Assistant to the Managing Director. During the downturn in the oil industry in the late 1980’s, Andrew left the industry temporarily to manage an agricultural company of which he was a major shareholder. He returned to the industry in 1990 as the General Manager of a highly successful geotechnical consulting group. This position enabled Andrew to establish many contacts in the oil exploration and production industry and ultimately led him to a career in Recruitment and Human Resources. Andrew worked with one of Perth’s leading human resource consultancies before founding Resource Recruitment in 1995. His technical and commercial background, especially in the resources sector, enables him to offer a specialised service as a Recruitment and Human Resource Consultant. He is a member of the Petroleum Exploration Society of Australia and the American Association of Petroleum Geologists.
According to Brendan Egan, writing in the website www.energyreview.net, Smith told him at the time of the placement his investment was passive. But he has recently called for an Extraordinary General Meeting and said he spoke for 40 per cent of the shareholders, a figure managing director Gerald Johnston hotly disputes. Smith appears to have joined forces with the Petroleum Ventures group, a collection of oilfield executives, fronted by resources industries recruiter Andrew Childs.
CVN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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