Centric Energy Corp.
TSX VENTURE : CTE

Centric Energy Corp.

September 08, 2010 17:17 ET

Centric Energy Announces Appointment of VP-Exploration

LONDON, ENGLAND--(Marketwire - Sept. 8, 2010) - Centric Energy Corp. (TSX VENTURE:CTE) ("Centric") is pleased to announce the appointment of Mr. C. G. (Chris) Lewis as its Vice President - Exploration, effective immediately.

Mr. Lewis has almost 20 years' experience in oil exploration. He graduated in physics from Imperial College in London and then joined Conoco UK as a member of the Murchison Field Exploitation Team. Subsequently he held positions as a Geophysicist and Director with Troy-Ikoda (now RPS Energy Consultants) including periods when he focused on east and west Africa, and Exploration and Production Manager with Regal Petroleum. In 2005 Chris formed Zeta Petroleum and was its CEO until late 2009.

Chris has been directly responsible for or involved in oil and gas discoveries in Europe, Africa and Australasia and at Zeta built a portfolio of exploration and development assets in Turkey and Romania and conducted seismic and drilling campaigns. In addition, Chris has worked on exploration and new ventures projects in east, west and north Africa, including operated exploration acreage, license evaluations leading to successful PSC awards, new ventures evaluations leading to successful acquisitions, and oil discoveries.

Centric's President and Chief Executive Officer, Alec Robinson, said, "It is my pleasure to announce that Chris has joined Centric's management team. Chris has broad expertise in hydrocarbon exploration with almost 20 years' experience in oil exploration which includes acreage evaluations and acquisitions in west and east Africa, including the east African Rift system where our Block 10BA is located. In addition to his expertise in oil exploration, Chris has a strong business-oriented mindset. His experience will be a great asset to Centric and reflects our focus on building a balanced portfolio of high-quality assets in sub-Saharan Africa. We are delighted that Chris has agreed to join Centric and to lead our exploration activities."

In connection with his appointment Mr. Lewis has, subject to regulatory approval, been granted stock options to purchase up to 500,000 common shares of Centric. Each option is exercisable to acquire one common share of Centric at a price of $0.15 until September 8, 2015. The options will vest in accordance with Centric's stock option plan.

Centric Energy Corp. is engaged in the acquisition, exploration and development of oil and gas in sub-Saharan Africa. Centric's principal properties are Block 10BA located in the East African Rift system in northwest Kenya where Centric is concluding a farm-out agreement with Tullow Oil PLC (LSE:TLW), and Blocks 7 & 11 located in the Central African Rift system in Mali, west Africa, where Centric has farmed-out to and is carried by Heritage Oil PLC. Centric's common shares trade 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

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

Contact Information

  • Centric Energy Corp.
    Alec E. Robinson
    President and CEO
    Toll Free: +1 (800) 962-7189
    www.centricenergy.com