Trans-Orient Petroleum Ltd. announced that Peter Loretto has resigned as a Director of the Company to be replaced by Ronald Bertuzzi. Bertuzzi has more than 15 years of public company experience, focused on junior oil and gas companies doing business in Australasia. Loretto will remain with the Company in a consulting capacity.
"The board wishes to thank Mr. Loretto for the significant contributions he has made to the board, and we all look forward to Mr. Bertuzzi's contribution to Trans-Orient going forward," commented Garth Johnson.
Trans-Orient Petroleum Ltd. is a Canadian-based, Australasian-focused company with significant interests in the East Coast Basin of New Zealand. This high-potential unconventional oil and gas frontier encompasses the main play area where Trans-Orient is targeting fractured shale oil-and-gas source-rock formations.
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