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CTE Centric Energy Corp.

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Share Name Share Symbol Market Type
Centric Energy Corp. TSXV:CTE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Centric Energy Announces Appointment of VP-Exploration

08/09/2010 10:17pm

Marketwired Canada


Centric Energy Corp. (TSX VENTURE:CTE) ("Centric") is pleased to announce the
appointment of Mr. C. G. (Chris) Lewis as its Vice President - Exploration,
effective immediately. 


Mr. Lewis has almost 20 years' experience in oil exploration. He graduated in
physics from Imperial College in London and then joined Conoco UK as a member of
the Murchison Field Exploitation Team. Subsequently he held positions as a
Geophysicist and Director with Troy-Ikoda (now RPS Energy Consultants) including
periods when he focused on east and west Africa, and Exploration and Production
Manager with Regal Petroleum. In 2005 Chris formed Zeta Petroleum and was its
CEO until late 2009. 


Chris has been directly responsible for or involved in oil and gas discoveries
in Europe, Africa and Australasia and at Zeta built a portfolio of exploration
and development assets in Turkey and Romania and conducted seismic and drilling
campaigns. In addition, Chris has worked on exploration and new ventures
projects in east, west and north Africa, including operated exploration acreage,
license evaluations leading to successful PSC awards, new ventures evaluations
leading to successful acquisitions, and oil discoveries.


Centric's President and Chief Executive Officer, Alec Robinson, said, "It is my
pleasure to announce that Chris has joined Centric's management team. Chris has
broad expertise in hydrocarbon exploration with almost 20 years' experience in
oil exploration which includes acreage evaluations and acquisitions in west and
east Africa, including the east African Rift system where our Block 10BA is
located. In addition to his expertise in oil exploration, Chris has a strong
business-oriented mindset. His experience will be a great asset to Centric and
reflects our focus on building a balanced portfolio of high-quality assets in
sub-Saharan Africa. We are delighted that Chris has agreed to join Centric and
to lead our exploration activities."


In connection with his appointment Mr. Lewis has, subject to regulatory
approval, been granted stock options to purchase up to 500,000 common shares of
Centric. Each option is exercisable to acquire one common share of Centric at a
price of $0.15 until September 8, 2015. The options will vest in accordance with
Centric's stock option plan.


Centric Energy Corp. is engaged in the acquisition, exploration and development
of oil and gas in sub-Saharan Africa. Centric's principal properties are Block
10BA located in the East African Rift system in northwest Kenya where Centric is
concluding a farm-out agreement with Tullow Oil PLC (LSE:TLW), and Blocks 7 & 11
located in the Central African Rift system in Mali, west Africa, where Centric
has farmed-out to and is carried by Heritage Oil PLC. Centric's common shares
trade on the TSX Venture Exchange under the symbol CTE. For more information
please visit our website at www.centricenergy.com.


ON BEHALF OF CENTRIC ENERGY CORP.

Alec E. Robinson, President and CEO

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