Petra Petroleum Inc. Appoints Vice President, Corporate Development
02 April 2014 - 12:00AM
Marketwired
Petra Petroleum Inc. Appoints Vice President, Corporate Development
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 1, 2014) - Petra
Petroleum Inc. (TSX-VENTURE:PTL) (the "Corporation") is pleased to
announce that Mr. Pete Hughes has been appointed as Vice President,
Corporate Development with immediate effect. Mr. Hughes has a
strong business development, commercial and executive management
background. He has over 40 years of international petroleum
industry experience, including 18 years in a variety of senior
commercial and management roles with Texaco Inc., where he was Vice
President, Contracts and Negotiations in the Worldwide Growth
Division. Subsequently, Mr. Hughes was CEO of Penton Energy Inc.
and Concorde Oil & Gas PLC. His most recent position was as an
advisor to Wintershall's Global Business Unit in Germany, which was
responsible for the company's new country entry strategy
development and execution. Bob Lambert, President and Chief
Executive Officer of Petra Petroleum Inc., commented that, "I am
delighted to welcome such an experienced and well-respected
petroleum industry executive to the Petra Petroleum Management
Team, as we try to accelerate our commercial activities in support
of our growing E&P business."
Cautionary
Statements
This news release contains forward-looking information which
is not comprised of historical facts. Forward-looking information
involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this
news release includes statements with respect to the Corporation's
use of proceeds from the Private Placement. The intended use of
proceeds might change if the board of directors of the Corporation
determines that it would be in the best interests of the
Corporation to deploy the proceeds for some other purpose. Undue
reliance should not be placed on such forward-looking information,
which only applies as of the date of this news release, and no
assurance can be given that such events will occur. The Corporation
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Petra Petroleum Inc.Robert A. LambertPresident and Chief
Executive Officer+44 7837 463 596
(TSXV:PTL)
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