CALGARY, June 11 /CNW/ - Stratic Energy Corporation announces the
appointment with immediate effect of Mr. Peter Thomas as Chief Financial
Officer and Director following the recent management changes announced at the
Company's Annual General Meeting on May 29, 2007.
Peter Thomas (45), was the Chief Financial Officer of Hardman Resources
Limited, an exploration and production company listed on the Australian Stock
Exchange and the AIM Market of the London Stock Exchange, until its sale to
Tullow Oil plc earlier this year. Peter qualified as a Chartered Accountant
with KMPG in 1987 and has more than 20 years experience advising and working
in the oil industry. Before joining Hardman he held senior financial positions
at Enterprise Oil plc, including Group Financial Controller and Group
Treasurer. He has extensive experience of international equity and debt
markets and at various times throughout his career at Enterprise was
responsible for investor relations and strategic and corporate planning.
Mr. Thomas holds a BSc degree in Zoology from the University of Bristol.
Commenting on the appointments, Kevin Watts, President and Chief
Executive of Stratic said "I am delighted Peter has agreed to join Stratic and
join the rest of the Board in welcoming him to the company. His experience and
skills will be invaluable as we move into a period of heavy investment on our
appraisal and development projects and the company continues to grow. Peter's
appointment, together with the recent appointments of Mark Bilsland as Chief
Operating Officer and Director, and Andrew Childs and Ennio Sganzerla as Non-
executive Directors, will result in a very strong management team and an
independent Board of Directors that is well positioned to support the company
in its key geographical areas."
As part of the recruitment of Mr. Thomas and the promotion of
Mr. Bilsland to the Board of Directors as Chief Operating Officer, the Board
has today granted stock options to purchase a combined total of 3,100,000
common shares of Stratic to the two individuals at a price of $1.10 per share,
being the volume weighted average trading price of the Company's stock over
the previous five business days. These options, which expire 10 years from the
date of grant, are subject to regulatory approval. In addition the Board has
also granted 30,000 stock options on the same terms and conditions to a
recently recruited employee of the company who is not an insider.
Stratic is an oil and gas company listed on the TSX Venture Exchange
(symbol "SE") focused on production, development and appraisal activity in
three key geographical areas: the North Sea, Italy and the Black Sea. The
Company is also in the process of preparing for an admission of its shares to
AIM and for graduation to the TSX.
The TSX Venture Exchange neither approves nor disapproves of the
information contained herein. This announcement does not constitute an offer
of, or the solicitation of an offer to buy or subscribe for, any securities of
the Company to any person in any jurisdiction. Potential investors should not
purchase any securities in the Company except on the basis of information in
the AIM admission document to be issued in due course and after consulting
appropriate professional advisers.
For further information:
For further information: Kevin Watts, President and Chief Executive,
+44 20 7016 6421; Roger Fullerton, Manager Investor Relations, (952) 929-
Patrick d'Ancona, M: Communications, +44 20 7153 1547; Website:
www.straticenergy.com; Email: email@example.com