Jun. 20, 2011 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 06/20/11 -- Brookwater Ventures Inc. ("Brookwater or the "Company) (TSX VENTURE:BW) is pleased to announce that Jason Cho has been appointed President and CEO of Brookwater. Jason will succeed Shannon Pohl, who will focus on his role as VP Exploration of Brookwater.
Mr. Stan Bharti, Chairman of the board, commented, "As we look to grow our business, it was clear we needed to enhance management in Canada to complement Shannon's technical expertise. Jason Cho, our new President and CEO has a diversified mix of technical, business and capital market skills that will ensure the company has the required resources to both drill the company's very prospective Reconcavo Basin block and participate in the upcoming 11th Bidding Round of the ANP on Q3 2011. We welcome Jason to Brookwater as he rounds out the team in Canada and Brazil, led by Mr. Wagner Freire, President of Brazil operations."
Mr. Freire, added, "The Brazilian based team is very excited about the company's prospects in the upcoming 11th Bidding Round of ANP and with Jason's appointment we are confident that his international capital market skill set will deliver the financing to secure some highly prospective blocks." Mr Freire was formally with Petrobras for over 30 years starting his career as Chief-Geophysicist and progressing to E&P Managing Director (and President of its international division, Braspetro) and acted as President of the Brazilian Association of Independent Producers from 2006 to 2009.
"We are excited about our current and future prospects in Brazil as we approach the 11th Bidding Round of licensing for oil & natural gas exploration and production blocks. We are looking to acquire a number of exciting properties in Brazil and elsewhere as we remain focused on building and financing our asset base. The Board of Brookwater and I wish to congratulate Jason on his appointment as President and Chief Executive Officer and look forward to working together."
Jason Cho, is a Professional Engineer and Professional Geoscientist who has over 15 years of engineering, business and financial experience. Mr. Cho began his career with AMEC Plc (formerly Agra Earth & Environmental) as a consulting engineering and then transitioned to investment banking and mergers & acquisitions at Bank of America (formerly Merrill Lynch Canada) focused on mining and resources. He then worked as Vice-President and Director of Proprietary Trading at a large Canadian bank managing a portfolio of resource investments and has also worked as a Director of a Swiss-based investment bank. Mr. Cho holds a B. A. Sc.