VANCOUVER - /ACCESSWIRE/ - Feb. 18, 2014 - Terra Nova Energy Inc. ("Terra Nova" or the "Company") (TSXV: TGC) is pleased to announce the appointment of Mark Jarvis & Lyle Davis to its board of directors.
Mark Jarvis has more than 25 years of experience in the exploration, development & financing of mineral resources, both in the energy & metals industries. After a career in financing exploration projects as a stockbroker, Mr. Jarvis joined the Board of Ultra Petroleum (NYSE: UPL) in 1996 when it was a Junior Oil & Gas exploration and development company. He was the director responsible for Corporate Finance during the early stages of acquisition, exploration and development of Ultra's Pinedale (Wyoming) acreage. Mr. Jarvis is the CEO of Shoal Point Energy (CSE: SHP), which is in the exploration stage company with an eastern Canadian oil in shale prospect. He is also CEO of Hard Creek Nickel Corp. (TSX: HNC), whose core asset is the Turnagain nickel sulphide deposit in north-central British Columbia, Canada.
"I look forward to working with the Management and Board of Terra Nova Energy," said Mr. Jarvis. "I think a team is being assembled that is capable of delivering real value to shareholders, with strength in exploration, operations and financing."
Lyle Davis, P.Eng., MBA, has extensive experience in the corporate finance, advisory, and management services of public companies. He is President & CEO of Condor Resources Inc. (TSXV: CN), Chairman & Director of Hard Creek Nickel Corp. (TSX:HNC) and a Director of Lock + Load Retaining Walls Ltd. Mr. Davis is a member of the Association of Professional Engineers and Geoscientists of Alberta, holds a Bachelor of Applied Science from Queen's University and an MBA with a finance major from UBC.
"Terra Nova is pleased to welcome both Mr. Jarvis & Mr. Davis as Directors" states Nico Civelli, the Company's Director and VP Finance. "We are very pleased that both of these individuals have agreed to work with Terra Nova. Their extensive business and investment knowledge and expertise will be a tremendous asset to the Company. We all look forward to the prospects of utilizing our collective knowledge, expertise and deal flow to advance Terra Nova's developments and to create value for the stakeholders and the Company."
About Terra Nova Energy Inc.
Terra Nova Energy Ltd. is a Vancouver based Oil and Gas Company. The exploration and development company currently holds exploration prospects in the prolific Cooper Basin in Southern Australia. The Cooper/Eromanga Basin is the country's largest producing onshore basin.
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On Behalf of the Board,
Nico Civelli, Director & VP Finance
FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Financial Officer
T: 604-806-0626 ext. 101
Email: [email protected]
T: +41 44 217 4804
Email: [email protected]
FORWARD LOOKING INFORMATION
This news release contains forward-looking information relating to Terra Nova's intentions to conduct the seismic program and subsequent drilling programs and other statements that are not historical facts. Such forward-looking information is subject to important risks and uncertainties that could cause actual results to differ materially from what is currently expected, for example: risks related to oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, competition from other producers, inability to retain drilling rigs and other services, reliance on key personnel, and insurance risks. Findings by other oil and gas issuers does not necessarily indicate that Terra Nova will be successful in making such findings in the Cooper Basin, South Australia. In making such forward-looking statements, Terra Nova has relied upon certain assumptions relating to geological settings, commodity prices, the stability of markets and currencies, the availability of capital, and Terra Nova's ability to continue with the seismic and drilling programs. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Terra Nova may elect to, Terra Nova is under no obligation and does not undertake to update this information at any particular time, except as required by applicable securities law.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.