/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, Jan. 2, 2018 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation") (TSX: VLE) is pleased to announce the appointment of Sean Guest as the Chief Executive Officer of the Corporation effective January 1, 2018. The appointment of Sean is the final step of the Corporation's CEO succession plan announced on October 19, 2017. Sean was hired as the Chief Operating Officer of the Corporation in May 2017 and assumed the role of President of the Corporation on October 19, 2017. Sean replaces Jim McFarland who has retired from executive duties but will continue to serve on the Board and provide consulting services to the Corporation.
ABOUT THE CORPORATION
Valeura Energy Inc. is a Canada-based public company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey.
Additional information relating to Valeura is also available on SEDAR at www.sedar.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Valeura Energy Inc.
For further information: Sean Guest, President and CEO, Valeura Energy Inc., (403) 930-1172, email@example.com, www.valeuraenergy.com
Valeura Energy Inc. is a Calgary, Alberta-based public company engaged in the exploration, development, and production of petroleum and natural gas in Turkey and Western Canada. Valeura is focused on continuing to grow internationally, in Turkey and other selected countries in the Mediterranean Basin, Central Europe, and Middle East and North Africa (MENA) region. The company's shares are traded on the Toronto Stock Exchange in Canada under the trading symbol VLE.
Valeura evolved from two predecessor companies operating in Canada: PanWestern Energy Inc., a public company that was listed on the TSX Venture Exchange; and Northern Hunter Energy Inc., a private oil and gas company. The companies merged by way of a Plan of Arrangement under the Alberta Business Corporations Act on April 9, 2010. The objective of this merger was to create a publicly-traded platform to grow a new international oil and gas company, incorporating an internationally-experienced management team and directors.
Subsequent to completion of the Arrangement, PanWestern changed its name to Valeura Energy Inc. on June 29, 2010. The Corporation subsequently received TSXV and TSX approval to consolidate its common shares on a 10-for-1 basis, and to graduate from a TSXV listing to a TSX listing on September 15, 2011.
Valeura has adopted a strategy to achieve early international growth through opportunistic acquisitions of producing assets, with exploitation and exploration upside in selected countries within the regions of interest. Valeura also has small legacy producing properties in Western Canada.
Valeura Energy Inc. is a Calgary, Alberta-based public company engaged in the exploration, development, and production of petroleum and natural gas in Turkey and Western Canada. Valeura is focused on continuing to grow internationally, in Turkey and other selected countries in the Mediterranean Basin, Central Europe, and Middle East and North Africa (MENA) region. The company's shares are...