Peters & Co. Ltd. is announcing a number of new appointments among its officers and directors. The changes will be effective upon regulatory and corporate approvals.

The Calgary-based investment firm specializes in the oil and gas and oilfield services industries.

Michael Tims, previously the firm’s president and CEO, becomes chairman. Ian Bruce, previously vice chairman, becomes president and CEO.

Wilfred Gobert, previously managing director, research, becomes vice chairman. Andrew Boland, previously principal oil and gas analyst, becomes managing director, research.


David L. Foley, previously principal & co-head of Trading, becomes Managing Director, Trading. Christopher Potter, previously principal, corporate finance, becomes managing director, corporate finance.

Members of the firm’s management continuing in their present roles are: Ron Wigham, managing director institutional sales; and Holly Benson, vice president, finance and CFO.

Tims, Bruce and Potter will all continue as senior investment bankers in the firm’s Corporate Finance group, providing, among other things,financing and merger and acquisition advisory services to the firm’s corporate
clients.

Tims holds a B. Comm. degree with Distinction from the University of Calgary and an MBA degree from Harvard University. He is a Chartered Business Valuator. Tims is a past chairman of each of the Investment Dealers
Association of Canada and the Canadian Investor Protection Fund. He has served as the firm’s president since 1990, and served the firm in other
capacities since 1980.

Bruce holds a B. Sc. degree from Queen’s University and an MBA degree rom the University of Western Ontario. He is both a Chartered Accountant and
a Chartered Business Valuator. Bruce has served as the firm’s vice chairman since 1998.

Potter holds a B.Comm. degree from the University of Calgary and is a CFA charterholder.

Gobert and Boland are among the most widely quoted research analysts in matters respecting global energy, the Canadian oil and gas industry and Canadian oil and gas companies. Both will continue as analysts in
the firm’s research group.

Foley holds a B.A. degree in Economics from York University. He joined the firm in 2000.

These changes will be effective upon regulatory and corporate approvals.