Petra Petroleum Inc.: Revised Business Strategy and Appointment of Key Member to Leadership Team
2011年9月6日 - 11:58PM
Marketwired
Petra Petroleum Inc. (TSX VENTURE: PTL) (the "Company") is pleased
to announce the adoption of its revised business strategy and the
appointment of a new key member of the Company's Leadership Team.
The Company's revised business strategy is to re-focus its
energy and petroleum activities internationally. The Company plans
to acquire, explore and develop oil and gas assets in proven and
prospective petroleum basins in the Middle East, North Africa and
Mediterranean (MENAM) region, including an initial focus on the
emerging trend of world class offshore gas discoveries of the
Eastern Mediterranean area. We will seek to leverage the
international exploration experience of the Company's new
Leadership Team in identifying early life cycle opportunities and
we will deploy our business development and technical skills to
create a diversified resource base. We are actively evaluating a
number of attractive opportunities in basins with known petroleum
systems and favourable risk-reward profiles. We will continue to
seek new ventures which aim to position the Company to grow rapidly
through the timely exploration and development of potentially
significant petroleum resources. Further information can be found
on the Company's new website which can be accessed at
www.petrapetroleum.com.
The Company has also appointed Andrew Boetius to the new
position of Director, Finance & Administration with an
effective start date of September 12, 2011. Mr. Boetius is a UK
Chartered Management Accountant and he spent the majority of his
career in the exploration, production, and energy sectors. He held
a number of roles during a 14 year career with Amerada Hess
Corporation, both in its upstream and downstream businesses. In his
last role with Amerada Hess, Mr. Boetius held the role of Finance
Director for its UK energy marketing and trading business, and was
a member of the management team that sold this division to the TXU
group. Thereafter he performed an interim management role for the
Fortum Group, successfully achieving the divestment of their UK
energy marketing business. In his most recent position, Mr. Boetius
was Chief Financial Officer for a small oil and gas exploration
company, Index Oil and Gas, focused on the US onshore gulf coast,
and based in Houston.
Robert Lambert, President and Chief Executive Officer of Petra
Petroleum Inc., commented, "Andy Boetius is a very important
addition to the Company's growing Leadership Team, particularly at
this very exciting time for the Company when we are embarking on
new international exploration ventures that will position the
company for future growth and success."
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.
Contacts: Petra Petroleum Inc. Robert A. Lambert Chief Executive
Officer +44-7837-463-596 Petra Petroleum Inc. Michael Atkinson
Chairman (604) 689-1428
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