COLORADO SPRINGS, Colo., Oct. 14, 2014 /PRNewswire/ -- PetroTerra Corp. (OTCQB: PTRA)("PetroTerra" or "the Company"), an independent oil and gas exploration company currently focused on the Sevier and Beaver Oil Project in west central Utah, announced today that the appointment of Kurt Reinecke as Chief Operating Officer pursuant to an independent contractor agreement with Arrow Peak Minerals and Royalty LLC ("Arrow"). The initial term of the agreement with Mr. Reinecke is for one year and commenced on September 16, 2014.
"We welcome Kurt to our team and look forward to utilizing his 30 years of geological and exploration expertise. We expect his deep knowledge and experience managing oil & gas projects to be invaluable to our efforts," said John Barton, CEO of PetroTerra Corp. "Kurt sees the potential of a step-by-step approach to our project and we are confident in his ability to effectively guide us through the development stages of this project."
Since 2013, Mr. Reinecke, age 55, has served as President of Arrow, an independent contractor providing geologic and exploration services to clients in the domestic onshore oil and gas industry. He began his career in geologic and exploration services in 1985. From 1985 to 2001, Mr. Reinecke was a staff geologist at Barrett Resources Corporation. Beginning in 2002, Mr. Reinecke was a founding member of Bill Barrett Corporation, an independent oil and gas exploration and operating company focusing on the Rocky Mountain basins. During his tenure, he rose from Vice President of Exploration – Southern Division to Executive Vice President of Exploration, directing a staff of 26 professionals and also serving on the Chairman's Committee.
About PetroTerra Corp.
PetroTerra Corp. (OTCQB: PTRA) is an independent oil and gas exploration company based in Colorado Springs, Colorado. The company is engaged in identifying, evaluating and developing early stage onshore oil and gas opportunities in the domestic US. The company's strategy is to focus on a step-by-step approach to assets that are located in high potential, proven basins and to prudently develop and manage those assets to create maximum value for shareholders. The company's current focus is on the Sevier and Beaver Oil Project in west central Utah. The company owns a 100% working interest and 80% net revenue interest in the project.
To learn more about PetroTerra Corp. please visit http://www.petroterracorp.com/.
Cautionary Statement Regarding Forward Looking Information
This press release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by PetroTerra and its management team, are inherently uncertain. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Investor Contacts
KCSA Strategic Communications
880 Third Avenue
New York, NY 10022
Brad Nelson / Jeffrey Goldberger
Toll Free: 1-800-787-2062
Email: ir@petroterracorp.com
SOURCE PetroTerra Corp.