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CALGARY, June 25 /CNW/ - Canoel International Energy Ltd. ("Canoel" or
the "Company") (TSX VENTURE: CIL) is pleased to announce that the Board has
elected Mr. Francesco Zofrea to its Board of Directors. Mr. Zofrea who resides
in Italy is currently the Chairman of ENI POWER Spa, the electricity producing
arm of ENI, the Italian based oil company, which is one of the world's largest
international energy companies. ENI operates in the oil and gas, electricity
generation and sale, petrochemicals, oilfield services construction and
Mr. Zofrea began his career at Agip, an ENI subsidiary, 42 years ago and
has served in many different roles within the company over the years. He
served for 12 years as the Managing Director of Agip Petroli Spa, the largest
company within the ENI group and for 10 years he was President and CEO of
Enitecnologie S.p.a., the Group's research company, before becoming the
Chairman of Eni Power. He has a degree in Chemical Engineering from the
University of Rome. Additionally, Mr. Zofrea has been a member of the board of
a number of other companies and has been a speaker at many international
conventions on various aspects of the oil industry.
Canoel also announces that at its Annual General Meeting on the 23rd of
June 2009 Mr. Dario Sodero, a Canadian citizen, was elected to the Board.
Dario Sodero has 35 years experience in oil & gas exploration industry in
areas such western Canada, the sub-arctic and north Africa. He is the CEO &
President of Cygam Energy Inc, a company based in Calgary and listed on the
The board consists today of James Grossman, Jose Ramon Lopez Portillo,
Emmanuel Olympitis, Luigi ( Gino ) Regis Milano, Andrea Cattaneo, Dario Sodero
and Francesco Zofrea.
The Company thanks departing directors James Lawson and Steve Paquin for
their contributions during the last 12 months.
Andrea Cattaneo, the Company's CEO and President stated: "The Board looks
forward to this additional wealth of credibility and experience in the oil
sector of both new directors, Dario Sodero and Francesco Zofrea. We are
particularly pleased to have Francesco Zofrea joining our Board with his long
experience in the oil industry and relations with many key players among the
oil majors as well as his contacts in producing countries. Their advice will
no doubt be of significant value to our future growth."
Neither 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.
For further information:
For further information: Andrea Cattaneo, Chief Executive Officer and
President, James H Grossman, Chairman, Email: firstname.lastname@example.org,
Telephone: (403) 629-9799