Delta Oil and Gas, Inc. (OTC:BB – DLTA) is pleased to report that, on April 25, 2013, the Board of Directors appointed Christopher Tate to fill a vacancy on the Company’s Board of Directors bringing the total number of Directors to four. Mr. Tate has a broad range of experience and is considered an independent Director.
Mr. Tate graduated with a Bachelor of Science degree in Geology from the Liverpool University in 1978. He received his Masters Degree in Petroleum Geology from Imperial College, London in 1979 and received an MBA from City University, London in 1988. From 2012 to the present, Mr. Tate, through Chris Tate Consulting, has been advising several groups looking to acquire oil and natural gas assets in North America and Africa. From April 2011 to November 2012, Mr. Tate was the European Managing Partner of Aegis Asset Partners, an asset backed financing group headquartered in Dallas, Texas. His responsibilities were focused on developing sources of capital in Europe and for the location of potential investment transactions. From January 2007 to March 2011, Mr. Tate held the position of Managing Director for International Energy Network Ltd., located in London, England. He was tasked with the development of new capital sources and coordinating the development of new business including innovative investment structures and limited partnership products.
Christopher Paton-Gay, CEO of DELTA says, “We are extremely pleased that Mr. Tate consented to act as a member of our Board and extend to him a warm welcome. His independence and experience is hoped to bring depth to our Board and to assist us in achieving our forward looking goals of increasing shareholder value.”
About Delta Oil and Gas
Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in Newton County, Texas, South Central, Oklahoma, and the Premont Field in West Texas.
On behalf of the Board of Directors,
Christopher Paton-Gay, CEO
Safe Harbour Statement
Statements in this press release which are not purely historical, including statements regarding Delta Oil’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that the Company’s actual results could differ materially from those in any such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company’s SEC reports including, but not limited to, the annual report on Form 10-K for the year ended December 31, 2008 and the quarterly reports on Form 10-Q filed subsequently. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Delta Oil & Gas, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.
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