CALGARY, ALBERTA--(Marketwire - Sept. 18, 2012) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) announces the appointment of Mr. Joao Saraiva e Silva as a new director of the Company and the resignation of General John Abizaid (Ret.) from its board of directors.
Mr. Saraiva e Silva has over fourteen years of experience in the finance industry, with a special focus on the oil and gas sector. Over his career, Mr. Saraiva e Silva has gained significant experience across a number of jurisdictions as a banker, fund manager, board-level director and, more recently, as a senior executive.
Mr. Saraiva e Silva started his career with the investment banking division of Goldman Sachs International in London. During his nine years with the bank, Mr. Saraiva e Silva advised on M&A and capital markets transactions spanning a broad spectrum of clients, energy sub-sectors and geographies. In 2008, Mr. Saraiva e Silva joined the London office of Och-Ziff Capital, where he had responsibility over the fund's energy investments across Europe, Middle East, Africa and South East Asia. In connection with his Och-Ziff role, Mr. Saraiva e Silva was also appointed to serve as board-level director of a number of oil & gas ventures. Since September 2011, Mr. Saraiva e Silva has been the CFO of PetroJava, an independent oil & gas player with operations in South-East Asia. Mr. Saraiva e Silva holds an Economics degree from Nova University, Lisbon.
On behalf of the board, Mr. Ahmed Said commented "We thank General Abizaid for his past contributions to the Company, and we would like to welcome Mr. Saraiva e Silva as a new member of the board".
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the resignation and appointment of directors. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE 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.