CONCORD, ONTARIO--(Marketwired - June 5, 2015) - Rockefeller Hughes Corporation ("Rockefeller" or the "Company") (TSX VENTURE:RHC) is pleased to announce several management changes at its operating subsidiary, RHC Energy (USA), LLC ("RHC Energy"). Mr. Rob Karlewicz has been appointed as President of RHC Energy and is being granted options to acquire up to 100,000 common shares of the Company at an exercise price of $0.17 per share. Ms. Liz Chavez is currently a Lease Records Analyst and has now been appointed to also serve as Office Manager for RHC Energy. The Company is granting Ms. Chavez options to acquire up to 25,000 common shares at an exercise price of $0.17 per share. Mr. Khoa Pham will continue to provide his services as Accounting Manager and is being granted options to acquire up to 50,000 common shares of the Company at an exercise price of $0.17 per share. Each of these individuals has demonstrated a commitment to improving the operations of RHC Energy through their efforts which the Company has recognized.
The Company also announces the termination of David Sederis as CFO effective June 12, 2015. This decision has been reached through discussions between the Company and Mr. Sederis. Rockefeller would like to thank Mr. Sederis for his contribution to the Company and RHC Energy and wish him the best with future endeavors. Mr. Sederis will remain as interim CFO for a short period and Rockefeller's board of directors will be seeking to fill this vacancy as soon as possible. RHC Energy has also terminated Ron Henderson as COO effective June 5, 2015. The board of directors will consider filling this vacancy in due course.
Operational Update
Rob Karlewicz, RHC Energy's newly appointed President, announces completion of the Vann #4 well in the Company's Silver Creek prospect. Vann #4 is a horizontal well targeting Woodbine Sands. Testing of the well will occur during the next two weeks and it is expected that results will be reported prior to the end of this month.
About Rockefeller Hughes Corporation
Rockefeller is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. The Company is listed on the TSX Venture Exchange under the symbol RHC. There are currently 74,116,681 shares issued and outstanding. For additional details please visit Rockefeller's website at www.rockefellerhughes.com.
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