HOUSTON, June 29, 2015 /PRNewswire/ -- Hydrocarb Energy
Corporation (OTCQB:HECC) announced today that it has officially
promoted Dr. Tobie Aupindi as the
President of the company's US based subsidiary, Hydrocarb
Corporation. Hydrocarb Corporation, also a Nevada corporation (herein referred to as
"HCN") with its corporate office in Houston, Texas, focuses on international
business growth through systematic global strategies in order to
obtain growth by establishing relationships with foreign countries
and negotiating for and obtaining oil and gas concessions. In
addition to Dr. Aupindi's international responsibility of growing
Hydrocarb Corporation, he will be working with HECC and HCN's
boards to fully develop its business plan including financing
activities to support the exploration for world class reserves.
When asked to comment, Mr. Charles
Dommer, Director and CEO for HCN said, "Dr. Tobie Aupindi is a prime example of the
entrepreneurial spirit. It is truly refreshing and we feel
very fortunate to have such a highly trained and educated
professional working with us."
Commenting on his new appointment, Dr. Aupindi stated, "We have
a tremendous opportunity to build a global enterprise that will
bring real value to our stakeholders. I am passionate
regarding our exploration work in the Owambo basin, a critically
important area of Namibia.
In addition to the success we have had performing in our
initial exploration period, we have developed a tremendous working
relationship with the dynamic Namibian Government, in particular
with the Ministry of Mines and Energy." He went on to say,
"It will also be exciting to working with Mr. Chuck Dommer who has extensive experience
working on many major foreign exploration ventures over the
years."
About Hydrocarb: Hydrocarb Energy Corporation is a
publicly-traded Domestic and International Energy Exploration and
Production Company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world. With
exploration concessions in Africa
and domestic production in Galveston Bay, we maintain offices in
Houston, Texas, and Windhoek, Namibia. For further information:
www.hydrocarb.com.
About Dr. Tobie
Aupindi: Dr. Tobie Aupindi is a Namibian national.
He holds a PhD in Global Corporate Strategies from CIM in the
British Virgin Islands and an MBA
from the world renowned MSM in the
Netherlands.
Forward-looking Statements
This news release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements give our current
expectations, opinion, belief or forecasts of future events and
performance. A statement identified by the use of forward
looking words including "may," "expects," "projects,"
"anticipates," "plans," "believes," "estimate," "should," and
certain of the other foregoing statements may be deemed
forward-looking statements. Although the company believes
that the expectations reflected in such forward-looking statements
are reasonable, these statements involve risks and uncertainties
that may cause actual future activities and results to be
materially different from those suggested or described in this news
release. Forward-looking statements are subject to risks
inherent in natural gas and oil drilling and production activities,
including risks of fire, explosion, blowouts, pipe failure, casing
collapse, unusual or unexpected formation pressures, environmental
hazards, and other operating and production risks, which may
temporarily or permanently reduce production or cause initial
production or test results to not be indicative of future well
performance or delay the timing of sales or completion of drilling
operations; delays in receipt of drilling permits; risks with
respect to natural gas and oil prices, a material decline which
could cause the company to delay or suspend planned drilling
operations or reduce production levels; risks relating to the
availability of capital to fund drilling operations that can be
adversely affected by adverse drilling results, production declines
and declines in natural gas and oil prices; risks relating to
unexpected adverse developments in the status of properties; risks
relating to the absence or delay in receipt of government approvals
or fourth party consents; and other risks described in the
company's Annual Report on Form 10-K, its Quarterly Reports on Form
10-Q and other filings with the SEC, available at the SEC's website
at www.sec.gov. Investors are cautioned that any forward-looking
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected.
The forward-looking statements in this press release are made as of
the date hereof. The company takes no obligation to update or
correct its own forward-looking statements, except as required by
law, or those prepared by third parties that are not paid for by
the company. The company's SEC filings are available at
http://www.sec.gov.
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SOURCE Hydrocarb Energy Corporation