New Sage Energy Ltd.

May 20, 2008 11:34 ET

Doug Bartole Joins Board of New Sage Energy

TORONTO, ONTARIO--(Marketwire - May 20, 2008) - New Sage Energy Ltd. (TSX VENTURE:NSG) has announced that Mr. Doug Bartole, P. Eng. has joined the Board of Directors of the company.

Mr. Bartole is President and CEO of Vero Energy Inc. (TSX:VRO) a Calgary based oil and natural gas exploration and development company. He has held the title of CEO since the company's inception in 2005. From 2001 to 2005 Mr. Bartole held various positions with True Energy including Vice President, Operations. From 1997 to 2000 he held various positions with Renaissance Energy Ltd., which subsequently became part of Husky Oil Ltd. Prior to this he worked with Pan Canadian Petroleum, a predecessor company to Encana Ltd., and has held various operational positions with both major and junior oil and gas companies.

Mr. Bartole received a B.Sc. in Engineering from the University of Alberta in 1992 and a diploma in Petroleum Technology from SAIT in 1986. He is currently a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta, and the Petroleum Society of CIM.

"We are very pleased to have a professional of Doug's caliber join New Sage" stated CEO John Carlesso. "His vast experience will be very valuable as we accelerate the review of potential projects in South America."

The Company has granted Mr. Bartole options to purchase 300,000 common shares exercisable at $0.24 valid for a period of five years and subject to regulatory approval.

About New Sage Energy

New Sage Energy is a Canadian oil and gas exploration company with a focus on opportunities in South America. It has an equity interest and a Joint Venture agreement with Americas Petrogas Inc., a private company with oil and gas operations in Argentina's Neuquen Basin.

Contact Information

  • New Sage Energy Ltd.
    John Carlesso
    President and CEO
    (416) 366-8211