Petrostar Selects New Director for Appointment
November 13 2013 - 12:08PM
Access Wire
Petrostar Petroleum Corporation
("Petrostar" or the "Company") is pleased to
announce that the Company's board of directors has selected Lynda
D. Olsen to be appointed as a new director of the Company, subject
to her successful approval by the TSX Venture Exchange. Ms. Olsen
brings over 25 years of experience as an operations executive
principally in the oil and gas industry, including 12 years with
BP/Amoco. For the past eight years, she has owned and operated a
successful consulting business, Global Business Ventures, which is
engaged in a variety of business-related functions for private
enterprises relative to cost recovery for major oil and gas company
operations both domestically and internationally.
Ms. Olsen's appointment will provide
Petrostar with multi-industry consulting experience emphasizing
financial, systems and operational expertise. She is expected to
bring a proven track record and demonstrated strengths to the
Company in such areas as:
-mobilizing project
start-ups, project planning, scheduling, coordination and
execution;
-organizational and
infrastructure development;
-acquisitions and
divestitures, strategy building and financial and risk management
analysis;
-cost controls and project
accounting;
-contract negotiations and
operations management, including purchasing and
materials;
-market share strategies,
sales and marketing management;
-competitive manoeuvring;
and
-client and vendor
management.
The Company believes that Ms. Olsen's
extensive business knowledge will be extremely valuable to
Petrostar moving forward.
Ms. Olsen holds a Bachelor of
Science degree from the University of LaVerne in, LaVerne,
California, and Master of Business Administration and Master of
Management degrees from Braniff Graduate School in Dallas,
Texas.
R. Mackenzie Loree, Petrostar's CEO, stated, "The
introduction of Lynda's expertise and experience is going to be an
invaluable asset to the board of Petrostar. We are very much
looking forward to working together on developing the company's
future."
About Petrostar Petroleum
Corp.
Petrostar is a Tier 2 Canadian-based oil and
gas exploration company trading on the TSX Venture Exchange with
property assets in both Alberta and Saskatchewan.
For further information, please contact:
Bruce Scafe, IR and Communications
Officer
1-877-737-8864 or
bscafe@petrostarpetroleum.com
Alternate Contact.
Mackenzie Loree, CEO
1-403-861-6779 or
mloree@petrostarpetroleum.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
FORWARD LOOKING
INFORMATION
Certain information in this news release is
forward-looking within the meaning of certain securities laws, and
is subject to important risks, uncertainties and assumptions. This
forward-looking information includes, among other things,
information with respect to the Company's beliefs, plans,
expectations, anticipations, estimates and intentions. The words
"may", "could", "should", "would", "suspect", "outlook", "believe",
"anticipate", "estimate", "expect", "intend", "plan", "target" and
similar words and expressions are used to identify forward-looking
information. The forward-looking information in this news release
describes the Company's expectations as of the date of this news
release. The results or events anticipated or predicted in such
forward-looking information may differ materially from actual
results or events. Material factors which could cause actual
results or events to differ materially from a conclusion, forecast
or projection in such forward-looking information include, among
others, risks arising from general economic conditions and adverse
industry events.
When relying on forward-looking information
to make decisions, investors and others should carefully consider
the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in
the previous paragraph will not cause such forward-looking
information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING
INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE
AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION
AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.
WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE
THIS INFORMATION ON AT ANY PARTICULAR TIME.
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