CALGARY, June 9, 2017 /CNW/ - Oronova Energy
Inc. ("Oronova" or the "Company") (TSX.V:
ONV), a company focused on oil and gas exploration and production
in Latin America, would like to
announce the following changes to its Executive Management
Team.
Alan Aitchison appointed as
Chief Operating Officer
Alan Aitchison has been appointed as
the Company's Chief Operating Officer. Mr. Aitchison will be a
member of the Company's executive leadership team and have overall
responsibility for the operations of Oronova. Mr. Aitchison will be
based in Guatemala City.
Duncan Nightingale, the former Chief
Operating Officer has for personal reasons, resigned from the
Company.
Mr. Aitchison is a professional engineer with over 31 years of
experience working internationally in the oil and gas industry. He
has held executive, managerial and technical positions in companies
and projects throughout Latin
America. Most recently Alan was COO of PetroGranada, an
E&P company with private equity backing from Barclays Natural
Resource Investments with operations in Colombia. Prior to that, Alan was VP with
Schlumberger responsible for production projects around the world
ensuring technology and process application to maximize client
value. His previous experience was as a Petroleum Engineer with
Petrobras, Lasmo and BP in Latin
America, the North Sea and North
Africa. Alan has a B.SC in Chemical Engineering from
Loughborough University, UK.
Scott Neate appointed as VP
Finance
Scott Neate has been
appointed as VP Finance. Mr. Neate has 12 years of experience in
accounting, auditing, tax structuring, and corporate finance.
Most recently Scott was with a private equity firm where he was
instrumental in completing multiple corporate acquisitions.
Prior to that, he was Controller with Petroamerica Oil Corp, a
publicly traded E&P company where he managed multiple aspects
of the finance department. His previous experience includes
seven years with PwC in Canada and
the UK, working predominantly with E&P companies. Scott
is a Chartered Professional Accountant and a CFA®
Charterholder.
Travis Doupe, the CFO and VP Finance has tendered his
resignation and the Company is currently undertaking an executive
search for a replacement CFO.
Raj Patel appointed as VP Marketing and Risk
Management
Raj Patel has been appointed as VP of Marketing
and Risk Management. Raj is a Professional Engineer with a
more than 30-year proven track record in crude oil, hydrocarbon
liquids and natural gas marketing in Asia, Europe,
Latin America and North America. He also has experience in
commodity hedging, process engineering and hydrocarbon facility
project management.
Ralph Gillcrist, President &
CEO commented, "the addition of Alan, Raj and Scott not only
strengthens our team considerably, but also addresses the two key
issues of in-country project execution, and developing and
capturing the markets for natural gas and refined liquid products.
I am extremely pleased that we have managed to attract to our team
senior executives with such exemplary track records."
The Oronova management team would like to thank the departing
officers, Duncan and Travis, for their prior contribution.
On behalf of the Board of Oronova Energy Inc.
"Ralph Gillcrist"
President & CEO
About Oronova Energy Inc.
Oronova Energy Inc. is an
international oil and gas exploration and production company
currently focused on the development of the Ocultun Field in
Guatemala which is expected to
provide a strong platform for low-risk growth and value creation
for shareholders. Oronova's strategy is to build a portfolio of
early producing assets, that under a low cost operating approach,
with associated exploration upside, will allow Oronova to create
significant near-term and medium-term growth, whilst becoming a
Central and South American low cost oil and gas producer, that
operates to international EH&S and CSR standards and highest
standards of corporate governance and ethical standards.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Oronova Energy Inc.
