CALGARY, ALBERTA–(Marketwired – Feb. 11, 2014) – Terra Energy Corp. (“Terra” or the “Company”) (TSX:TT) is pleased to announce the appointment and return of Mr. Tony Sabelli to its Board of Directors. Mr. Sabelli has over 35 years of oil and gas operations experience and has most recently served as Senior Vice President Operations at Sunshine Oilsands Ltd. Mr. Sabelli has previously served as an Executive VP at Terra, the Vice President of Drilling and Completions at Iteration Energy Ltd and he has held various other positions including General Manager of Drilling and Completions at Canadian Natural Resources Limited. Mr. Sabelli was one of the founders and principals with two private oil and gas producers, namely Rising Sky Energy and Red Sky Energy. Mr. Sabelli also served as an Independent Director of Terra from May of 2007 until October 2009 and as such, brings with him an understanding of the asset base of the Company.
Concurrently, Mr. James F. (Jim) Wong has stepped down from the Board of Directors of Terra for “family-related” reasons. Mr. Wong has served as a Director of Terra since January of 2010. The Board of Directors, management and staff of Terra wish to extend their sincerest gratitude to Jim for his dedicated service to the Company.
Terra is a junior oil and gas company engaged in the exploration for, and the development and production of, natural gas and oil in Western Canada. Terra’s Common Shares trade on the Toronto Stock Exchange under the symbol “TT”.
This media release may contain certain statements which constitute forward-looking statements or information (“forward-looking statements”). Although Terra believes that the expectations reflected in our forward-looking statements are reasonable, our forward-looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com.
Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Terra does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Vice President of Finance & Chief Financial Officer