CALGARY, ALBERTA, Apr. 28, 2010 (Marketwire) -- Vast Exploration Inc. ("Vast" or "the Company") (TSX VENTURE:VST) is pleased to announce the appointments of Mr. Sig Slotboom, P. Eng. as Vice President, Operations and Mr. Greg Cameron as Vice President, Corporate Development.
Sig Slotboom is a Petroleum Engineer with over 28 years of diversified technical and management experience in the upstream oil & gas industry. Mr. Slotboom started his career at Exxon/Imperial where he had a wide range of technical and business development roles, including a foreign assignment in Norway to develop a major offshore gas-condensate field. He has valuable experience in Iraq gained in the mid 90's with Chauvco Resources where he played a major role in leading the evaluation and negotiation of several exploration and development/EOR projects. Recently he has led exploitation and production operations teams focused on the development of various complex reservoirs for Provident Energy Trust and Devon Corp. He is co-currently the Vice President, Operations for Longford Energy Inc.
Gregory M. Cameron brings 13 years of deal experience focused on small and mid capitalization companies in North America. Most recently, Mr. Cameron was a Senior Vice President Investment Banking at Macquarie Capital Markets Canada, formerly Orion Securities, focused on diversified industries. Mr. Cameron has worked on hundreds of equity, debt and merger and acquisitions over his 13 year career in Investment Banking. Currently, Mr. Cameron is a Business consultant to Forbes and Manhattan focusing on the energy sector as well as a member of the Board of Directors of Crocodile Gold Corp. and Alder Resources. Mr. Cameron is a graduate of Saint Mary's University in Halifax, Nova Scotia, Canada with a Bachelor of Commerce in Finance and Accounting.
In addition, Vast announces that it has granted a total of 3,032,500 options to various officers, directors and consultants under the stock option plan of the Company. The options are exercisable at $0.84 per option and shall expire on April 28, 2015. The options shall vest immediately subject to the four month regulatory hold period. The grant of options remains subject to regulatory approval.
About Vast Exploration Inc.
Vast Exploration Inc. is an independent oil and gas company. Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block, in the Kurdistan region of Iraq. The Qara Dagh Block lies on trend with existing discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq which contains several large fields including the super-giant Kirkuk field.
Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, without limitation, statements regarding the impact of management and board appointments; future performance of management and the board; the Company's operational plans; corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the oil and gas industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information.
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