Gallic Energy Ltd.

Gallic Energy Ltd.

May 03, 2011 16:18 ET

Gallic Energy Ltd. Announces Appointments of Mr. John Kiss as Manager of Business Development and Mr. Oleh Stupnyckyj as Manager of Geosciences

CALGARY, ALBERTA--(Marketwire - May 3, 2011) - Gallic Energy Ltd. ("Gallic") (TSX VENTURE:GLC) would like to announce that Mr. John Kiss has been appointed its Manager of Business Development and Mr. Oleh Stupnyckyj has been appointed its Manager of Geosciences.

Mr. William H. Smith, CEO of Gallic, said "We are very pleased to have Mr. Kiss and Mr. Stupnyckyj join Gallic and provide their experience, technical and business skills to our management team, as Gallic continues to build out its portfolio and focus on conventional and unconventional opportunities onshore Europe.

Mr. Kiss is a Professional Engineer with over 19 years of reservoir engineering, operations, business development and petroleum finance experience. Mr. Kiss started his career with Ballistic Energy where he was a business development engineer and production engineer. He has also worked at Griffiths McBurney, Sprott Securities, Talisman Energy and High Point Resources. Before joining Gallic, he was Team Lead for Galleon Energy's Kakut Business Unit. Mr. Kiss is a member of the APEGGA and SPE. He is trilingual and holds a petroleum engineering degree from the University of Alberta and an MBA from the European University, Antwerp, Belgium.

Mr. Stupnyckyj is a Professional Geologist with 30 years of geophysical interpretation experience. Mr. Stupnyckyj started his career with Hudson's Bay Oil & Gas as an exploration geophysicist. He has subsequently worked for Mobil, Canadian Forest and HighPoint Resources, on projects in various parts of Canada and the USA as well as on international projects. Prior to joining Gallic, he was Senior Geophysicist for Direct Energy. Mr. Stupnyckyj is a member of APEGGA, CSEG, CSPG and SEB. He is bilingual and holds an Applied Science (Geological Engineering) from the University of Windsor.

Gallic is also pleased to announce that the Corporation has granted 4,620,000 stock options to eligible participants. A total of 3,100,000 of these stock options were granted to directors and officers of the Corporation. The options will be granted at an exercise price of $0.36 per common share. The options will expire five years from the date of grant. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the granting of the options.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gallic Energy Ltd.
    Mr. William H. (Bill) Smith
    Chief Executive Officer
    (403) 930-7533
    (403) 930-7599 (FAX)