Dino Announces the Signing of an Agreement on the Participation of Oil and Gas Projects in the Middle East
April 07 2014 - 2:19PM
Dino Energy Corporation (OTCBB:DINO) ("
Dino" or
the "
Corporation"), listed on the OTCBB
("
OTCBB") is pleased to announce that it has
entered into an Agreement ("
Agreement") dated
April 7, 2014 in which Dino will assume, along with conditions, 49%
ownership interest in a newly established company in Qatar, Dino
Energy Petroleum Services, to pursue oil and gas exploration and
development projects in Qatar. Dino Energy Petroleum Services is
currently waiting for a vendor license to begin its operations. In
addition to Dino, there are two other shareholders, one of which is
Sheikh Fahad Al-Thani who is a member of the Royal Family of Qatar.
"We are very excited to have this opportunity to join this newly
established Qatar company to pursue the exploration and development
of oil and gas projects in Qatar. Qatar along with other countries
in the Middle East has some of the most prolific oil fields in the
world, with a relatively low operating cost. We are particularly
excited about the opportunity to join Dino Energy Petroleum
Services and to work with a member of the Qatar Royal Family, and
are looking forward to develop a long term working relationship
with him," said Eric Lawson, President and CEO of Dino.
READER ADVISORY:
Certain statements contained in this release are forward-looking
statements and are based on future expectations, plans and
prospects for Dino's business and operations that involve a number
of risks and uncertainties. Dino's forward-looking statements in
this release are made as of the date hereof, and the Corporation
disclaims any duty to supplement, update or revise such statements
on a going-forward basis, whether as a result of subsequent
developments, changed expectations or otherwise. In connection
with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, the Corporation is identifying
certain forward-looking information regarding, among other things,
the assuming of 49% ownership interest in Dino Energy Petroleum
Services of Qatar to pursue the exploration and development of oil
and gas projects in Qatar. Actual events or results may differ
materially from those contained in these forward-looking
statements. Important factors that could cause further events
or results to vary from those addressed in the forward-looking
statement include, without limitation, risks and uncertainties
arising from the ability of Dino Energy Petroleum Services to
successfully pursue the exploration and development of oil and gas
projects in Qatar; uncertainties relating to the ability to realize
the expected benefits of assuming the 49% interest in Dino Energy
Petroleum Services; unanticipated or unfavorable regulatory
matters; general economic conditions in the region and industry
which Dino and Dino Energy Petroleum Services operate, and other
risk factors as discussed in the Corporation's other filings made
by the Corporation from time to time with the Securities and
Exchange Commission.
CONTACT: FOR FURTHER INFORMATION, PLEASE CONTACT:
Dino Energy Corporation
Eric Lawson, President and CEO
Telephone: (403) 287 - 0066
Facsimile: (403) 228 - 3013