REPEAT/Premium Petroleum, Inc. Adds Former Exxon Mobile Executive to its Management Team
October 25 2005 - 9:30AM
Business Wire
Premium Petroleum, Inc. (PINK SHEETS:PPTL) is pleased to announce
the appointment of Paul J. Bennett, H.B.Sc., M.Sc., P.Geol, as Vice
President of Exploration, and also as Advisory Board member. Mr.
Bennett spent 31 years of his career with Exxon Mobil Canada. In
this period of time he progressed in various management positions
including Manager of Western Canada Exploration, Senior VP for
Exploration and an officer of Mobil Oil Canada Ltd, and most
recently Head of all Canadian Geoscientist with responsibility for
EMC geoscience, technical computing, and well approvals for Western
Canada (WCSB, namely Western Canadian Sedimentary Basin, Mackenzie,
West Coast). Mr. Bennett has done geological/technical work in
every province and territory in Canada over a 36 year period, and
has lived and worked in Europe and the USA. He has worked for oil
and gas companies, mining companies and provincial geologic/mining
surveys. The Company will be looking to Mr. Bennett to source
quality exploration and development projects, acquisition
opportunities, joint ventures, and grass roots land assembly
opportunities in accordance with the stated objectives set out by
the Company. Mr. Bennett is a seasoned senior oil and gas manager
and an accomplished explorationist with many significant
discoveries to his credit. Bruce Thomson, President & CEO,
states, "The biggest asset of any successful oil and gas company is
the quality of its people." About Premium Petroleum, Inc. Premium
is set to exploit petroleum and natural gas reserves in an
environment of unprecedented commodity prices and under the
guidance of a highly qualified management and technical team.
Premium is an emerging junior oil and gas company financially well
connected, coupled with a strong management and technical team
focused on exploiting oil and gas reserves in the Western Canadian
Sedimentary basin to 6000 feet in depth. Management intends to
pursue a growth strategy through Land Assembly, Joint Ventures
(Farmin/Farmout), and Acquisitions. The Company has assembled a
seasoned team of managers and technical professionals in the areas
of geology, engineering, and legal (Petroleum Landman). With the
depth of the management and technical team we have assembled,
Premium is poised for aggressive asset growth and development. For
more detail about the company, its management, and projects, please
refer to our web site: www.premiumpetroleum.com. This news release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Act of 1934, as amended; such statements are
subject to risks and uncertainties that could cause actual results
to vary materially from those projected in the forward-looking
statements. The Company may experience significant fluctuations in
operating results due to a number of economic, competitive and
other factors. These factors could cause operations to vary
significantly from those in prior periods, and those projected in
forward-looking statements. Information with respect to these
factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission. Premium Petroleum, Inc.
(PINK SHEETS:PPTL)
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