Petromanas Announces Appointment of New Director

CALGARY, Nov. 18, 2013 /CNW/ – Petromanas Energy Inc. (“Petromanas” or the “Company”) (TSXV: PMI) today announced the appointment of Wesley K. Clark, General, US Army (ret.) to its board of directors.

General Clark serves as Chairman and CEO of Wesley K. Clark & Associates, a strategic consulting firm; Co-Chairman of Growth Energy; senior fellow at UCLA’s Burkle Center for International Relations; Advisor at the Blackstone Group; Director of International Crisis Group; Chairman of City Year Little Rock/North Little Rock; Chairman of UGR Inc., a banking and strategic advisory firm; as well as numerous corporate boards. General Clark has authored three books and serves as a member of the Clinton Global Initiative’s Energy & Climate Change Advisory Board, and ACORE’s Advisory Board.

Clark retired a four star general after 38 years in the United States Army. He graduated first in his class at West Point and completed degrees in Philosophy, Politics and Economics at Oxford University (B.A. and M.A.) as a Rhodes Scholar. While serving in Vietnam, he commanded an infantry company in combat, where he was severely wounded and evacuated home on a stretcher. He later commanded at the battalion, brigade and division level, and served in a number of significant staff positions, including service as the Director Strategic Plans and Policy (J-5). In his last assignment as Supreme Allied Commander Europe he led NATO forces to victory in Operation Allied Force, saving 1.5 million Albanians from ethnic cleansing.

His awards include the Presidential Medal of Freedom, Defense Distinguished Service Medal (five awards), Silver star, bronze star, purple heart, honorary knighthoods from the British and Dutch governments, and numerous other awards from other governments, including award of Commander of the Legion of Honor (France).

“General Clark brings substantial regional and industry specific expertise to his new role on our board of directors,” said Mr. Verne Johnson, Chairman of Petromanas. “We look forward to benefitting from his unique perspective as we advance the development of our portfolio of European assets.”

On his appointment to the board, General Clark was granted 2,000,000 stock options pursuant to the Corporation’s approved stock option plan. The options are exercisable at a price of $0.12 per share and vest immediately. All options expire on November 15, 2018.

Australian Joint Venture Process

The Company today also announced that it has engaged Macquarie Capital Markets Canada Ltd. as a financial advisor in connection with a marketing initiative to support discussions with potential joint venture partners with respect to its Australian assets. The data room is now open with bids expected in January 2014.

Filing of Q3 2013 Financial Results

The Company has filed its financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three months ended September 30, 2013 on SEDAR at www.SEDAR.com. The financial statements and MD&A will be available on the Company’s website and at www.petromanas.com.

energjia.al 18.11.2013