Petro Viking Energy Inc.
TSX VENTURE : VIK

Petro Viking Energy Inc.

April 24, 2012 09:00 ET

Petro Viking Appoints Senior Geologist

CALGARY, ALBERTA--(Marketwire - April 24, 2012) - Petro Viking Energy Inc. (the "Company") (TSX VENTURE:VIK) is pleased to announce the appointment of Alex Warne as its Senior Geological Consultant. Mr. Warne is a geologist residing in Namibia, Africa. Mr. Warne holds an M.Sc. (Geology) from Aberdeen University in Scotland and a B.Sc. (Hons.) (Geology) from University of Stellenbosch.

Mr. Warne has extensive experience in international oil and gas exploration and development and previously worked for Namcor, the National oil and gas Company for Namibia. While with Namcor, Mr. Warne was part of the geological team that worked on the Kudu gas field, which has proven reserves of 1.3 TCF and estimated reserves of 3 TCF. He has a extensive knowledge on Namibian petroleum geology as well as the mineral resources of Namibia. Mr. Warne has many contacts with key government ministries and companies that can assist with exploration and other oil and gas development opportunities in Namibia. Mr. Warne was previously a lead consultant to UNX Energy as it progressed from being a junior offshore Namibia O&G explorer until it was acquired in April, 2011, for $730-million.

In addition, the Company announces the appointment of David Heighington LL.B(Hons.) as Executive Vice President. Mr. Heighington, who is currently a director of the Company, is a lawyer and specializes in securities and business law with a particular focus on public companies. Mr. Heighington is a graduate from the University of Durham (LL.B Hons.). He has acted for a broad range of domestic issuers, with a particular emphasis on venture capital and mergers and acquisitions and has served as a director and officer of numerous publicly traded companies, including oil and gas exploration and development companies.

"We are delighted to make these appointments to our team," stated Giovanni DeFrancesco, President and CEO. "Mr. Warne significantly strengthens the Company's presence in Namibia and enhances our operating and technical ability going forward. Mr. Heighington, who identified and negotiated the Namibia transaction on behalf of the Company, brings many years of legal and public company experience to the team."

About Petro Viking

Petro Viking is a junior, independent oil and gas company focused on exploration for crude oil in western Canada. Petro Viking entered into an agreement dated March 19, 2012 to acquire 100% of the issued and outstanding shares in a private company, which has an interest in offshore Namibia blocks 1710 and 1810 and 2913B. The Development of these highly prospective blocks will be led by an experienced and qualified technical team with strong relationships in Namibia.

The TSX-V has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including but not limited to the fact that the Company has not closed the acquisition of Grisham Assets Corp., as referred to in its press release dated March 20, 2012. Actual results may differ materially. The Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

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

  • Petro Viking Energy Inc.
    Mr. Giovanni DeFrancesco
    President & CEO
    (403) 592-6257
    (403) 265-4011 (FAX)

    Petro Viking Energy Inc.
    200, 744 - 4th Avenue SW
    Calgary, Alberta T2P 3T4