Vatic Ventures Corp. Appoints Senior Oil and Gas Veteran Desmond Norris to Board of Directors
VATICVENTURES.COM VATIC VENTURES CORP.
VATIC VENTURES CORP. 318-1008 HOMER STREET VANCOUVER, BC V6B 2X1 CANADA
NEWS RELEASE
Vatic Ventures Corp. Appoints Senior Oil and Gas Veteran
Desmond Norris to Board of Directors
Vancouver, BC, April 25, 2014 ‐ Vatic Ventures Corp (the "Company" or "Vatic") (TSX‐V: VCV and Frankfurt: V8V) is pleased to announce the appointment of Desmond Norris to the Company’s Board of Directors. Mr. Norris brings over 35 years of Global Oil and Gas industry experience to Vatic working for companies such as OXY, Bow Valley Industries, and 24 years at Talisman Energy. When he retired from Talisman in 2010, Norris was VP Exploration Technology and Geoscience. Mr. Norris is currently Vice President Exploration for Oracle Energy Corp.
"Desmond has an exceptional background in oil and gas, and we are excited to have him join our Board of Directors. His expertise, achievements and relationships in the industry will be of significant value to the Company as we review and evaluate potential international oil and gas opportunities," said Nasim Tyab, President of Vatic Ventures.
Mr. Norris is a proven global oil finder with extensive experience in exploration, development, E&P technology, operations and management including seismic operations, interpretation and prospect evaluation. In addition to his technical expertise, Mr. Norris has a track record in successfully managing above ground issues such as government and community relations, environmental processes, risking, operational problems and delays, and relationships with service companies and contractors.
“I look forward to working with the management team at Vatic to assist them as they move to identify, evaluate and secure quality oil and gas exploration projects,” stated Desmond Norris. “The key will be to find projects that have the potential for a good to great return, and yet are moderate risk and cost effective from an investment and operational perspective. There are some great opportunities globally for a company such as Vatic, and the plan would be to carefully build a portfolio of such opportunities.”
Mr. Norris has strong management and hands on experience working internationally, having lived and worked in 10 countries, and experience in a wide variety of basin types, principally in Indonesia, Australia, New Zealand, Papua New Guinea, South America, Oman, Algeria, Trinidad & Tobago, and Portugal.
Mr. Norris received an M.A. (Physics) from Oxford University, and M.Sc. (Geophysics) from the University of Papua New Guinea.
The Company also wishes to confirm that it intends on completing the previously announced private placement ( news release dated January 20, 2014) of up to 10,000,000 units at $0.06 per unit of which 733,333 units have been issued pursuant to the closing of a first tranche ( news release dated March 7, 2014). Each unit consists of one common share and one share purchase warrant exercisable at $0.10 for 36 months.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nasim Tyab"