Centric Energy Corp.
TSX VENTURE : CTE

Centric Energy Corp.

July 08, 2008 11:43 ET

Centric Energy Announces Appointment of Director

LONDON, ENGLAND--(Marketwire - July 8, 2008) - Centric Energy Corp. (TSX VENTURE:CTE) is pleased to announce the appointment of Mr. R. M. (Mike) Harrison to its Board of Directors, effective immediately.

Centric's President and Chief Executive Officer, Alec Robinson, said, "It is my pleasure to announce that Mike Harrison has joined Centric Energy's Board. Mike's wealth of West Africa and international upstream oil and gas business experience will benefit the Company as we continue to expand our growth and diversification efforts in Africa. The addition of strong industry experience to the team is essential for the Company's future success."

Mr. Harrison graduated from the University of Mississippi with a Bachelor of Applied Science in Petroleum Engineering. He has 29 years of extensive experience in the oil and gas industry, mostly with the multi-billion dollar major Amoco Corporation, where he acted as Amoco Argentina Division Engineer, Manager of Worldwide New Ventures and Amoco Colombia Asset Manager. Mr. Harrison has experience in Development Engineering, Safety and Environment, Production Operations, Marketing, Business Development and Joint Interest.

Mr. Harrison formed TransAtlantic Energy Solutions ("TAES") in 2004, where he holds the position of Chief Executive Officer. TAES is a privately-held engineering and operations consulting firm providing drilling, production and reservoir evaluation services to oil exploration and production companies around the world. Over the past five years, Mike has worked extensively in West Africa where he has developed an invaluable network of business contacts.

Mike is also the Vice President, Operations, with Opon International LLC, a Denver-based oil company operating internationally. His experience with Opon International LLC's aggressive acquisition and development strategies will be a valuable asset to Centric's near and long-term growth plans.

The addition of Mr. Harrison to the Centric Energy executive team is a reflection of the increased portfolio of international development opportunities being executed, the increasing emphasis on acquiring near-term production opportunities and the preparation of the organization for future growth.

The Company also wishes to announce the resignation of Grant Freeman from its Board of Directors. Mr. Freeman has served as member of the Company's Board of Directors since June 2006. Alec Robinson states, "The Board of Directors and management team of Centric Energy appreciate Grant's service on our Board and the contributions he has made over the past few years, during the formation and early years of the Company. We wish him the best in his future endeavors."

Centric Energy Corp. is engaged in the acquisition, exploration and development of oil and gas in west Africa and selected international locations. Centric's principal property is located in Mali, West Africa in concert with Heritage Oil Corporation (TSX:HOC). Centric's common stock trades on the TSX Venture Exchange under the symbol CTE. For more information please visit our website at www.centricenergy.com.

ON BEHALF OF CENTRIC ENERGY CORP.

Alec E. Robinson, President and CEO

This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Centric's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Centric Energy Corp. does not assume the obligation to update any forward-looking statement except as required by applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Centric Energy Corp.
    Brooke Cote
    Investor Relations
    Toll Free: 1-800-962-7189
    Website: www.centricenergy.com