Petrolifera Petroleum Limited Appoints New Director

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[{"type":"text","content":"\n\n\n\nCALGARY, June 4 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX)\nannounces today that Mr. Andrew (Andy) Gustajtis has been appointed a Director\nof the company with immediate effect. This brings the composition of the Board\nof Directors to eight, with six independent members.\n\n\nMr. Gustajtis lives in Toronto, Ontario and holds a B.Sc. (Honors) degree\n(1972) from the University of Waterloo and a Masters of Science in Geology\n(1978) from Dalhousie University. He has worked in the investment industry\nsince 1978, primarily focused on the oil and natural gas industry and recently\nwith an emphasis on companies engaged in international activity outside of\nCanada.\n\n\nConsistent with his business experience as a financial analyst and\ninvestment banker and having regard for his educational background, Mr.\nGustajtis has been appointed to Petrolifera's Audit Committee, replacing Mr.\nDon Barkwell, to the company's Reserves Committee, replacing Mr. Gerrit\nMaureau and has been added to the company's Human Resources Committee. These\nchanges and assignments reflect the Board's desire to distribute the burden of\nwork at the Committee level among the company's non-management directors while\ncapitalizing on individual expertise in key areas of the business.\n\n\nPetrolifera Petroleum Limited welcomes Mr. Gustajtis to its Board and\nlooks forward to his contribution to the continuing growth and success of the\ncompany.\n\n\nPetrolifera is a public Canadian crude oil and natural gas company based\nin Calgary, Alberta. Its principal holdings are in Argentina, Colombia and\nPeru. The company anticipates an active capital program in excess of $100\nmillion in 2008. Common shares are listed on the Toronto Stock Exchange under\nthe symbol PDP.\n\n\n","length":1818,"tagName":"div"}]

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