Stealth Ventures Ltd. appoints Subra Subramaniam as Chairman & CEO, and appoints Sam Charanek as Advisor to the Board of Directo

CALGARY, Feb. 4 /CNW/ -- 
SLV TSX Venture


CALGARY, Feb. 4 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the
 "Company") [TSX.V: SLV] is pleased to announce that Mr. Subra
 Subramaniam is assuming the position of Executive Chairman and Chief
 Executive Officer effective immediately. Mr. Subramaniam joined the
 board in January 2010 and has been the Executive Chairman and Managing
 Director since June 2010. He has been instrumental in the
 transformation of the Company from a Canadian domestic player, into the
 International arena, specifically India and South East Asia. He has
 spear-headed the efforts of the Company to leverage the Companies
 strengths in the unconventional hydrocarbon resource development into
 the International market, with the continued movement of Stealth into
 these regions.


Mr. Subramaniam is a successful and well established business executive
 and entrepreneur specialized in international business in the oil and
 gas industry with a market focus on Asia and with specific expertise on
 India. His wide industry expertise ranges from strategic planning,
 establishment of strategic partnerships/joint ventures, business
 development, government relations, operations management and general
 management, with proven experience and expertise in the upstream oil
 and gas business. He is also well-versed with the nuances of the
 mid-stream and down-stream activities of the oil industry. Mr.
 Subramaniam has a proven track record of having established and managed
 successfully various start-up operations, and in identifying and
 implementing growth oriented projects and activities, and is a welcome
 leader to Stealth's efforts in the International marketplace.


Mr. Subramaniam is a Commerce Graduate with Honors from the University
 of Delhi in India and has over 26 years' experience in the Indian oil
 and gas marketplace.


Mr. Subramaniam started his career with Griffin Alexander Drilling
 Company (GADC), of Houston, Texas, USA during the start-up of its India
 operations. He aided in strategic bidding to solidify long-term
 offshore drilling contracts and was instrumental in forming an alliance
 and establishing a joint venture for GADC in India, which today is the
 largest drilling company in India, which trades on the Mumbai Stock
 Exchange as Aban Offshore.


Mr. Subramaniam later secured contracts through bids and brought in 2
 onshore drilling rigs for HEG Limited, of Delhi, India, and managed the
 complete start-up operations for the Oil Division of that company.


Mr. Subramaniam later joined Lloyds Steel Industries Ltd., of Bombay,
 India. He secured 2 drilling contracts with the National Oil Company in
 India, for an onshore and an offshore drilling rig, for Lloyds Steel.
 His mandate in the Company was for managing the complete start-up
 operations for its newly established Oil & Gas Division.


Later in his career he moved to the E&P side where he negotiated,
 finalized and established a Production Sharing Contract (PSC) with the
 Government of India for a producing oil and gas field for Command
 Petroleum Holdings NL (Command), of Sydney, Australia, which was the
 first PSC ever signed by the Government of India with a Foreign Entity
 for proven oil and gas fields in India. As part of the management team
 for Command, he was one of the leads in completing a USD 250 million
 oil field development program in India, within budget and ahead of
 schedule.


Command was later merged with Cairn Energy PLC (Cairn), of Edinburgh,
 Scotland, UK where Mr. Subramaniam bid, negotiated and secured 8 PSCs
 with the Government of India for oil and gas exploration in India. He
 was one of the persons in senior management during multiple oil and gas
 discoveries by Cairn in India and Bangladesh, and in the operations and
 development of these discoveries, over a period of 8 years.


Following Cairn, Mr. Subramaniam was the lead person in negotiating,
 securing and establishing 2 PSCs with the Government of India, for
 Canoro Resources Ltd (Canoro), of Calgary, Canada. As the Country
 Manager and as part of the Canoro team, he was instrumental in
 negotiating and procuring additional participating interests to
 consolidate and increase Canoro's oil and gas acreage in India.


Mr. Subramaniam then concentrated his efforts on entrepreneurial
 endeavours and established and ran his privately owned company, where
 he was a key person of a team that negotiated a Government to
 Government alliance between the Government of Alberta and the
 Government of India, through The Alberta Research Council, of Calgary,
 Canada for the establishment of a Data Repository and the formulation
 of a policy for continuous rounds of bidding for oil and gas acreage in
 India. He later negotiated and secured a multimillion dollar contract
 for MEG Worley, of Calgary, Canada for a FEED study for the largest
 onshore oil and gas discovery in India, in addition to negotiating and
 finalizing 4 Joint Venture projects for the bidding for acreages
 offered by the Government of India for Pan Orient Energy Corp., of
 Calgary, Canada.


Mr. Subramaniam's proven track record will aid Stealth in the
 development of its technology, expertise and experience in the
 international marketplace, and more specifically within India and S. E.
 Asia, for conventional and unconventional Gas and tight reservoir
 exploration and development.


Stealth is also pleased to announce the appointment of Mr. Sam Charanek
 as Advisor to the Board of Directors. Mr. Charanek, will be a valuable
 add in assisting the company with his experience and successful track
 record in the international Oil and Gas sector.


Mr. Charanek brings over 12 years of experience in Corporate Finance and
 Planning and has been instrumental in the creation of several companies
 including, Pan Orient Energy, Canacol, Petrodorado, Excelsior Energy,
 Sagres Energy and Mena Hydrocarbons, to name a few.


Mr. Subramaniam, on his role as CEO commented "I am delighted to
 spearhead the efforts of the Company into making it a successful and
 dominant international player, as we continue to focus our efforts in
 India and S. E. Asia by implementing Stealth's ambitious growth plans,
 by way of conventional and unconventional oil & gas exploration and
 production. We are at the threshold of identifying specific project
 opportunities and acquisitions, by way of strategic arrangements, to
 add value to the existing projects, by applying proven techniques for
 identifying and recovering hydrocarbons from unconventional geological
 resource plays.


We plan to fast-track these ongoing efforts in India and other
 jurisdictions of S. E. Asia, where we have historical expertise and
 successes."


Mr. Derek Krivak has submitted his resignation as the President & CEO
 and from the Board of Directors. The Board appreciates the excellent
 and arduous service rendered by Mr. Krivak over the last 5 years, from
 being the head of operations to being the CEO of the Company. He will
 continue his association with the Company as an Adviser and may be
 called upon for assistance from time to time. The Board wishes Mr.
 Krivak with the very best of everything and continued successes in his
 future endeavors.


Stealth Ventures Ltd. is a Calgary-based junior oil and gas company
 whose expertise and focus is on "unconventional" gas reserves from
 shale gas, CBM, and tight gas sand reservoirs.


We seek Safe Harbor.


STEALTH VENTURES LTD.
"Roger Harman"
Per: ROGER HARMAN
Chief financial Officer 


Forward Looking Statements:
This News Release may contain forward-looking statements based on
 assumptions and judgments of management regarding future events or
 results that may prove to be inaccurate as a result of exploration and
 other risk factors beyond its control, and actual results may differ
 materially from the expected results.


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 NEWS
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 ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.


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