Enercapita Energy Ltd. Announces Appointment of Chief Executive Officer and Appointment of Chairman of the Board of Directors

CALGARY, April 7, 2016 /CNW/ -

Appointment of Chief Executive Officer – Greg Tisdale

Enercapita is pleased to announce the formal appointment of Greg Tisdale as the Trust's Chief Executive Officer effective April 1, 2016.   Greg was the former Chief Financial Officer of Crescent Point Energy for the past twelve years and was part of the executive team that grew from a junior oil and gas company to one of the largest independent oil companies in North America.  Greg has over 25 years experience in the energy industry working with several respected companies including Crescent Point, Direct Energy, Altagas Services, and Shell Trading.  In addition, Greg has been a Director of several public and non for profit entities. 

Appointment of Chairman of the Board – Craig Hruska

Enercapita is pleased to announce the formal appointment of Craig Hruska as Chairman of the Board of Directors effective April 1, 2016. Craig is the former Chief Executive Officer and Chairman of Scollard Energy Inc. a private oil and gas production company he founded in October 2006. Prior thereto, Mr. Hruska founded (in May 1998) and was President of Addison Energy, a private exploration and production company which grew from a startup to production of 9,000 boe/day and $250 million in estimated net asset value in July, 2003. Craig has a Bachelor of Science Degree in Chemical Engineering from the University of Alberta (1987) and is a Professional Engineer and member of APEGGA and SPE. Craig has served and currently serves on the Board of Directors of a number of private and public companies.

About Enercapita

Enercapita is an energy fund focused on the growth of long life, low decline, low cost, low risk energy assets through the exploitation and optimization of existing production.  The fund is an RRSP eligible investment vehicle that streams the cash flow from its production directly to its investors on a priority basis.

Forward Looking Information

This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may" "should" "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Enercapita, if any, reflect Enercapita's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of businesses, including fluctuations in interest rates; general economic conditions; supply and demand for businesses; competition for available businesses; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Enercapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE Enercapita Energy Ltd.

Image with caption: "Enercapita Energy Ltd. (CNW Group/Enercapita Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160407_C2841_PHOTO_EN_658831.jpg

For further information: For additional information, including full biographies, please see Enercapita's website at http://www.enercapita.com/investment-team/.

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