Valkyries Petroleum Corp.
TSX VENTURE : VPC

Valkyries Petroleum Corp.

June 07, 2005 11:15 ET

Valkyries Petroleum Corp.: David Leclair Appointed General Manager-Russia and Chief Operating Officer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2005) - Valkyries Petroleum Corp. ("Valkyries" or "the Company") (TSX VENTURE:VPC) is pleased to announce the appointment of Mr. David M. LeClair as General Manager of Russia and his election as Chief Operating Officer of the Company. Mr. LeClair brings an extensive background and proven track record in international petroleum development and project execution. His international background includes operating experience in Germany, Russia, the Middle East, and Latin America.

Mr. LeClair has worked continuously in Russia since 1995 and was most recently General Manager of Russia for Harvest Natural Resources, Inc, an independent oil and gas company listed on the NYSE. During his tenure with Harvest (formerly Benton Oil and Gas) he also served as General Director of Arctic Gas Company, until it was sold to Yukos for US$320 million in 2002. He has previously held management positions for Occidental Petroleum, including projects in Venezuela and Russia and with Crescent Petroleum in the United Arab Emirates. Mr. LeClair holds a degree in Petroleum Engineering from Stanford University.

Valkyries President Keith Hill stated "We are extremely fortunate to have a person with Mr. LeClair's abilities and experience leading our team in Russia. With the signing of our recent project in Kalmykia and several other pending deals, this office will play a crucial role in the execution of these projects."

Valkyries Petroleum Corp. is a Canadian oil and gas company with production and exploration assets in Russia and the U.S. Its shares are traded on the TSX Venture Exchange under the symbol "VPC".

ON BEHALF OF THE BOARD

Keith C. Hill, President

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

Contact Information

  • Valkyries Petroleum Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    www.valpete.com