Petra Petroleum Inc. Appoints Vice President, Corporate Development
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/01/14 -- 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."
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. Lambert
President and Chief Executive Officer
+44 7837 463 596
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