Exploration & Production | People

Quattro E&P Talks 2014 Guidance; Edits Management Team

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Quattro Exploration And Production Ltd. has detailed guidance on its current operations.

The Company continues with the integration of the asset acquisitions completed in 2013 and is tracking towards its projected average production rate of 1,250 boepd in the 1^st quarter of 2014. The production gains are anticipated to be achieved through a combination of remediation work and consolidation of non-operating interests within the Company's core areas, consisting of an extensive network of processing facilities and pipeline gathering systems.

In addition to these efforts, the Company continues to work on further opportunities in order to achieve the Company's goal of exiting the first quarter with petroleum production of between 1,400 and 1,500 boepd, putting Quattro on track towards its further goal of 2,000 boepd by the beginning of the 3^rd quarter of 2014.

Management Changes

The Company is also pleased to introduce the following members to the Quattro Team;

Brent McGillivray, P. Eng. - Manager of Operations for Western Canadian Sedimentary Basin.

Mr. McGillivray brings 25 years of experience with junior, intermediate and senior oil and gas companies in Western Canada. He participated as a member in multidisciplinary teams ranging from operations, facilities, production, and completion to exploitation roles. He has worked with Amoco Canada, Husky Oil, Gulf Canada, Anderson Exploration and Ketch Resources Trust. He was a member of a successful private junior oil and gas executive management team that sold Westpoint Energy (formerly Slade Energy) in 2000. Mr. McGillivray has been a professional engineer and a member of the Association of Professional Engineers, Geologist and Geophysicists of Alberta since 1993.

Roberto Rodriguez, P. Eng. - Manager of Capital Projects

Mr. Rodriguez studied the management of engineering projects at Universidad Católica Andrés Bello inCaracas in 1998, having received a Bachelor of Science in Mechanical Engineering from the University of Portland in 1985. In addition to his degree, he is an ISO 9001:2008 certified principal auditor with a project management professional license (PMP). He has also completed numerous leadership and personal development seminars and is currently a member of the Project Management Institute, the Association of Professional Engineers, Geoscientists of Alberta (APEGA), and the RABQSA International Association (now Exemplar Global). Prior to joining Quattro, Mr. Rodriguez has held various roles including as a Construction Engineer, Project Engineer and Manager of Engineering, as well as a Project Manager (including Quality & HSE) Director for PDVSA, CNRL, Husky Energy, SNC LAVALIN, and Toyo Engineering Canada, in Venezuela, U.S.A. and Italy, residing for the past 10 years in Canada.

Sherry Crawford - Production Accounting

Ms. Crawford graduated from the University of Saskatchewan with a BA and received her accounting administrative Certificates from Canadian Armed Forces subsequently receiving her CAPPA certification from Mount Royal College. Ms. Crawford has adapted her extensive skills in Revenue and Production accounting positioning her to hold various positions in these areas since 1995 with Zargon Oil and Gas, EOG Resources, and Bonavista Energy Trust, as an employee, and with Devon Energy and others as a consultant since 2005.

The current Quattro Team is pleased to add these professionals in Calgary and also welcome the contract operators of its newly-acquired Alberta and British Columbia assets.

Leonard Van Betuw, President and CEO said, "We finished 2013 by completing the initial phases of our business plan which formed the foundation and confidence for the addition of 2 accomplished professionals such as Brent and Roberto, along with 2 office staff, bringing the team in Calgary to 8 along with a further 6 field operators within the core regions of the Company. The integration of this team gives us the critical mass to integrate further opportunities in an efficient and accretive manner once they have been identified.

"It is now the Company's goal to inform the investment community of the milestones Quattro has achieved and the future ones we are looking to exceed. Quattro and its team encourage our shareholders both current and future to explore the growing value proposition that Quattro continues to be."

Quattro looks forward to aggressively advancing its strategy of developing a diversified low risk material growth plan established in western Canada that provides the Company and its shareholders the certainty that its production base will continue to profitably grow materially both in Canada and Central America.