Azabache Announces Addition of Luis Morelli to Board of Directors and Commencement of 2D Seismic Program

January 13, 2010

Toronto, Ontario, Canada – Azabache Energy Inc. (“Azabache”) [TSXV: AZA] is pleased to announce the appointment of Luis Miguel Morelli to the Company’s Board of Directors. Mr. Morelli has over 20 years of experience in the Colombian oil and gas industry having worked for Ecopetrol, Colombia’s National Oil Company and Occidental de Colombia, Inc., Occidental Petroleum’s Colombian subsidiary. Mr. Morelli spent four years in public office in Colombia as Governor of the Department (province) of Norte de Santander where his term ended in December 2008. Since 2008, Mr. Morelli has been an advisor to the oil and gas and mining industries in Colombia. He is a director of Alange Energy Corp., a TSXV listed Canadian‐based oil and gas exploration and production company with working interests in 12 properties in Colombia and daily production of 5,000 bopd and he served as a director of Solana Resources Limited, an international resource company.

Claudio Larotonda, President & CEO commented: ʺWe are very fortunate to have Luis Morelli join the board of Azabache. His extensive oil and gas experience and local Colombian knowledge will be very helpful to Azabache as the Company pursues its business in Colombia
and elsewhere in South America.ʺ

In other news, the Company announces that the 2D seismic program to acquire 50 linekilometers of data has commenced. The acquisition of seismic is a requirement under the TEA (Technical Evaluation Agreement) and also forms part of the alliance between the Company and Trayectoria Oil and Gas S.A. as announced on November 25, 2009. GeoEnergy Ltda. the seismic contractor, estimates the completion of the program on or before February 22, 2010.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Azabache Energy Inc.
Claudio Larotonda
President & CEO
+54.11.4893.4004
clarotonda@azaenergy.com
www.azaenergy.com

Azabache Energy Inc.
Glenn Van Doorne
Chairman
+403.966.8739
gvandoorne@azaenergy.com
www.azaenergy.com

Not for distribution to United States newswire services or for dissemination in the United States.

This press release was prepared by Azabache Energy Inc. which accepts the responsibility as to its accuracy. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 
     
 
 
 
 
 
 
         
COPYRIGHT © 2009 AZABACHE ENERGY INC. ALL RIGHTS RESERVED