Altura Energy Inc. announce it has entered into a definitive reorganization and investment agreement which provides for, among other things the appointment of a new management team; and the reconstitution of the board of directors of Altura. The New Management Team has an extensive track record of value creation and has outperformed public market peers by executing a growth-and-income business model in the energy sector. Anthony Marino appointed as President, Chief Executive Officer. Mr. Marino has been CEO for several Canadian E&P companies executing growth-and- income capital markets models. He led Vermilion Energy as President and CEO, which produced over 100 mboe/d in ten countries across North America, Europe, and Australia.