February 7, 2013 - Vancouver - Terra Nova Energy Ltd. ("Terra Nova") is pleased to announce the appointment of Robert McMorran, CA to the position of Chief Financial Officer of Terra Nova Energy Ltd. to replace outgoing Chief Financial Officer Andrew Williams.
"We are pleased to have Robert on board. He will provide us with guidance in focusing our capital resources on our future exploration program, including our drilling campaign on PEL 112 that will begin shortly while maintaining capital discipline. Robert will be an integral part of the management team and as with all other team members is committed to take Terra Nova to the next level," stated Henry Aldorf, acting Chief Executive Officer and Chairman.
"I am very pleased to join the management group of Terra Nova to assist in managing our Australian assets" stated Robert McMorran.
About Robert McMorran
Robert McMorran is a Chartered Accountant and founder of Malaspina Consultants Inc., a private company that provides outsourced financial and regulatory reporting, accounting and administration services to junior public companies, primarily resource issuers. Mr. McMorran has over 25 years of experience of working with public companies in such a capacity, the last 15 years with Malaspina. During this time he has been a director or Chief Financial Officer of numerous public companies including the highly successful Canada Dominion Group of Flow-Through Limited Partnerships. Currently Mr. McMorran holds several directorships or senior officer positions, including being CFO and a director of Encanto Potash Corp. and CFO of Santacruz Silver Mining Ltd.
About Terra Nova Energy Ltd.
Terra Nova Energy Ltd. is a Calgary based oil and gas company with a right to acquire up to a 55% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "TGC".
For more information please contact:
Terra Nova Energy Ltd.
Henry E. Aldorf
Acting Chief Executive Officer
Telephone +65 65070213
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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