Trinity Valley Energy Corp. Trinity Valley Earns Interest in Days Chapel and Announces Corporate Appointments
TRINITY VALLEY 551 Howe St.-Suite 200
ENERGY CORP.
Vancouver, B.C. V6C 2C2 Tel : 888 909-5548 Fax : 888 909-1033
TSX Venture SYMBOL: TE (www.trinityvalleyenergy.com)
TRINITY VALLEY EARNS INTEREST IN DAYS CHAPEL AND ANNOUNCES CORPORATE APPOINTMENTS
October 17, 2013, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) is pleased to announce it is now fully vested and has earned its 33.3333% working interest in the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.
Trinity Valley has expended US$1,500,000 towards exploration expenditures on the Project to earn the undivided 33.3333% working interest subject to a total royalty burden of no more than 20%. Trinity Valley has a further option to acquire up to an additional 17.6667% working interest (in 1% increments) of the Project. (See BRR news release February 12th 2013)
The Company is pleased to announce the following immediate appointments which will strengthen its organization as it moves to exploitation stage of the Days Chapel Project:
- Michael Dake has been appointed President with Jeffrey Cocks assuming the role of Chairman.
- Ronald P. Bourgeois, President of Anderson County Land Company has accepted a position on the Board of Directors of the Company
- Gerrard Kiefer, Professional Geologist, has agreed to be an advisor to the Company and its Qualified Person
Mr. Dake, a director of the Company since July 2011, assuming the role as President is a reflection of his commitment to ensuring the Company’s success in its current endeavours.
Ron Bourgeois, a Chartered Accountant has over 30 years of progressively increasing responsibility and expertise in the resources industries. After articling with the predecessor of PriceWaterhouse Coopers, he was the Manager of Accounting Systems for the conventional oil and gas division of Suncor Inc. in Calgary. In 1983, he accepted a position with an affiliate of the TD Bank, Starvest Capital Inc which managed in excess of $225 Million in oil and gas production on behalf of a syndicate of Canadian pension funds. He joined Lakewood Capital group as a principal in 1987 through to 1993 and was pivotal in the management of its $125 Million of joint ventures for the limited partners. As CFO and Director of Optima Petroleum Corporation (the predecessor of PetroQuest Energy Inc, NYSE listed, $300 million market cap) he successfully filed its initial 10K, negotiated bank facilities, sold the Canadian division and managed the plan of arrangement creating PetroQuest. Subsequently, he was a co-founder of US Geothermal Corp. and as former CFO of Tyner Resources Ltd, was involved in a $ 15 million Palo Duro shale gas project.
Mr. Kiefer is an independent geologist/geophysicist providing consulting services to Oil & Gas Companies for close to 40 years. He earned a B.S. degree in Geology from Whittier College in Whittier California as well as graduate courses in Geology and Geophysics from the University of Houston in Houston Texas. Mr. Kiefer utilizes the latest technologies both conventional and unconventional to conceptualize and organize ideas into viable and economic exploration/exploitation projects. Among his previous work experience from 1986-1994 he was Geological Manager for Dallas Gas & Electric who operated the Slocum EOR Project, two miles south of Days Chapel, He was responsible for locating shallow deposits of heavy oil suitable for steam flood/co-generation projects, along the Gulf Coast. He was tasked with finding producing property acquisitions having exploration upside; specifically the Low- Resistivity-Low Contrast concept applicable to the Days Chapel EOR Project.
The Company expects to provide an update on the Days Chapel Exploration Program shortly.
ON BEHALF OF THE BOARD
“Michael Dake”
Michael Dake
President
FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: [email protected] Website: www.trinityvalleyenergy.com
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