Terra Nova Energy Appoints Senior Advisors
March 05 2014 - 8:25AM
Access Wire
VANCOUVER,
BRITISH COLUMBIA / ACCESSWIRE / Mar. 5th, 2014)
/ Terra Nova Energy Ltd.
("Terra Nova" or "Company") (TSX:V
- TGC and OTCQX -
TNVMF) is pleased to announce today that Mr. Carlo Civelli
& Mr. Jock McCracken have agreed to join Terra Nova's advisory
committee.
Mr. Henry Aldorf, Acting CEO and Chairman of
the Board, stated: "Terra Nova is delighted that Mr. Carlo Civelli
and Mr. Jock McCracken have both agreed to join the advisory
committee. Both of them have a wealth of knowledge, experience, and
success in the oil and gas industry from around the world. With the
additions of Mr. Mark Jarvis and Mr. Lyle Davis to our board of
directors and now Mr. Carlo Civelli and Mr. Jock McCracken as
senior advisors, we've been successful in assembling a very capable
management/advisory team and are extremely excited about the future
of Terra Nova."
Carlo Civelli
Mr. Civelli was the founder of Zurich based
Clarion Finanz AG and has over 30 years of experience in the
venture capital and natural resources sector. During that time,
Clarion Finanz AG financed hundreds of companies, mainly mining and
oil and gas explorers, and at least a dozen of these early stage
investments developed into ~ billion dollar market cap companies
which are still listed, while others have been taken over by
resource Majors. Mr. Civelli also founded Pacific LNG Operations
Ltd. in 2005 which on February 25, 2014, sold its 22.8% interest in
a gas field in Papua New Guinea, developed jointly with InterOil
Corporation (NYSE: IOC), to Oilsearch Ltd. for $900M plus further
contingent payments
A Swiss national, resident of Singapore, Mr.
Civelli's expertise lies in the area of international financing,
primarily resource ventures. Mr. Civelli's private holding company
has made large investments in several listed companies during the
past few years and after the large transaction above will now be
able to dedicate more management time to these companies.
Jock McCracken
Mr. McCracken is a geological exploration
specialist with over 33 years of experience that includes basin
evaluation, play assessment and ranking, well locating and planning
and then reserve evaluation and calculation. This work, onshore,
offshore and international, has been located in six continents. He
spent 16 years with Mobil Oil Canada and UK resulting in
hydrocarbons being discovered in all the basins he was assigned to
with notable results.
Petro-Canada recruited him in 1997 to
evaluate prospects in the Jeanne d'Arc Basin, Flemish Pass, Central
Ridge, Salar Basin, Labrador Sea, Scotian Shelf, Alaska and all the
Shale Basins of North America. During his last five years in the
New Ventures Team his expertise in shale and source rocks was used
to high grade areas for further interest. After early retirement
from Suncor/Petro-Canada in Sept of 2009, he formed his own
company, Egret Consulting, where he's been utilizing his geological
strengths and research skills, as well as his diverse experience,
to understand and evaluate new basins quickly around the world.
Mr. McCracken's professional memberships
include: Canadian Society of Petroleum Geologists (CSPG), American
Association of Petroleum Geologists (AAPG), Association of
Professional Engineers and Geoscientists of Alberta (APEGA) and
Energy Minerals Division (EMD). He has been a Canadian shale
liquids and gas committee member and Canadian Councilor for the EMD
since 2006 and 2009, respectively.
Mr. Jock McCracken states "I am very excited
to have the opportunity to work with the seasoned management team
and board of directors of Terra Nova Energy. It will be my goal to
assist the company in not only developing the current asset but
also in identifying new opportunities in the oil and gas
sector."
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.
To learn more about Terra Nova and be added
to the news distribution list, visit the website at www.terranovaenergyltd.com and send your
email address to terranovaenergyltd@gmail.com
On Behalf of the Board,
Nico Civelli
Nico Civelli, Director & VP Finance
FOR FURTHER INFORMATION
PLEASE CONTACT:
Rob McMorran OR Nico Civelli
Chief Financial Officer VP Finance
T: 604-806-0626 ext. 101
T: +41 44 217 4804
Email: rgm@malaspinaconsultants.com
Email: invest@niconsult.ch
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.
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 do 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.
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