Argenta Oil & Gas Inc.

Argenta Oil & Gas Inc.

August 10, 2009 11:27 ET

Argenta Announces Glenn Van Doorne as New Director

TORONTO, ONTARIO--(Marketwire - Aug. 10, 2009) -


Argenta Oil & Gas Inc. ("Argenta") (TSX VENTURE:AZA) announces that Glenn Van Doorne has joined the Board of Directors of the Company. Mr. Van Doorne has over 30 years of experience in the oil and gas industry in Europe, North Africa, Middle East, Asia and the Americas. Mr. Van Doorne previously held the position of Chief Operating Officer of Solana Resources Ltd., a company that merged with Gran Tierra Energy Inc. after increasing its reserves from 700,000 boe to over 7 million boe and production from 400 boed to over 5,000 boed. Prior to joining Solana Resources, he was involved in exploration and production opportunities in Kazakhstan as the Founder of IbrizOil Inc., which was acquired by Blue Sky Energy Corp. and as Vice President, Exploration and Production for Hurricane Hydrocarbons Inc. which changed its name to PetroKazakhstan after growing from 50 bopd to over 70,000 bopd. Mr. Van Doorne holds a Bachelors degree and a Masters degree in Geological and Mineralogical Sciences from the Universities of Brussels and Gent in Belgium.

Claudio Larotonda, President & CEO commented: "We are very excited to have Glenn onboard. He has a remarkably successful record worldwide and his significant input will help Argenta in numerous ways including the identification of further exploration and production opportunities. I'm sure we will see his imprint in the short term."

Argenta Oil & Gas is a Canadian energy resource company with oil and gas assets in the Neuquen Basin of Argentina and in Colombia's Lower Magdalena Basin. Argenta owns and operates all of its assets. For further information on Argenta Oil & Gas, please visit the Company's website at

This press release includes "forward looking statements", within the meaning of applicable securities legislation, which are based on the opinions and estimates of Management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the oil and gas industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Argenta Oil & Gas Inc. to obtain all permits, consents or authorizations required for its operations and activities; and health safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of Argenta Oil & Gas Inc. to fund the capital and operating expenses necessary to achieve the business objectives of Argenta Oil & Gas Inc., the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by Argenta Oil & Gas Inc. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Argenta Oil & Gas Inc. should not place undue reliance on these forward-looking statements. Statements in relation to "reserves" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described can be profitably produced in the future.

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