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Information Releases

April 24, 2017

Laricina Energy Management Changes

Laricina Energy Ltd. (“Laricina” or the “Company”) announced today that Glen Schmidt, President and CEO, Derek Keller, Vice President Production and Marla Van Gelder, Vice President Corporate Development are stepping down from their respective positions and will be leaving the Company effective April 30, 2017. Diane Koenig has been named Executive Vice President to lead the Company. At the Company’s request, each of Glen and Derek have agreed to be available as advisors to assist the Company as required.

The Board is thankful for Glen, Derek and Marla’s leadership as the Company grew its oil sands operations over the past 11 years and wishes them well in their future endeavors.

Diane Koenig joined Laricina’s executive management team in July 2014 as Vice President Finance and Controller and is a seasoned professional with an extensive career in finance and the oil and gas industry. She has worked closely with the management team and the Board over the past almost three years.

The Company’s current focus and scope of activities is on preserving the integrity and value of its assets, and on exploring alternatives to leverage the Company’s assets, capitalize on emerging opportunities and potentially resume development of its oil sands properties when favorable market conditions return. A small complement of employees and consultants are continuing under a scaled-back business plan with an emphasis on cost control.

For further information please visit or contact:

Diane Koenig
Executive Vice President
Laricina Energy Ltd.
East Tower, Fifth Avenue Place
800, 425 1st Street SW
Calgary, AB T2P 3L8

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