Bellatrix Hires New CFO

Shane Abel has been named Bellatrix Exploration Ltd.’s new executive vice-president and chief financial officer.

Abel will replace Maxwell Lof, who will resign to focus on ongoing health issues as of Aug. 31.

Abel has more than eight years of financial executive experience at both public and private companies, and was most recently the chief financial officer of High Ground Energy Inc., a Calgary-based, private equity sponsored oil and gas producer. Abel has worked as an investment banker with BMO Capital Markets, including mergers and acquisitions, equities, debt securities, and bank facilities, for nearly a decade.