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CALGARY, July 29, 2015 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSX-V: VRY) announces that further to their press release of July 28, the Company is pleased to announce that Mr. Drew Faulkner has been appointed as a Petro-Victory non-executive director effective immediately.
Mr. Faulkner is currently the President and CEO of Olympia Oil, Inc. based in Edmond, Oklahoma and is also majority owner of Oklahoma-based Horizontal Well Drillers (HWD). Olympia Oil owns and operates a number of oil and gas wells across Oklahoma, while HWD is an oil and gas drilling contractor operating twelve rigs.
Prior to founding Olympia Oil, Mr. Faulkner was the President of Faulkner Exploration South America from 2008 to 2013, which operated a 176,000 acre concession in northwest Peru until its sale to Olympic Peru in 2013. Prior to that, Mr. Faulkner was President of Faulkner Corporation Oil & Gas from 1997 to 2006 until its sale to Chesapeake Energy.
Mr. Faulkner, a graduate of Oklahoma State University, has nineteen years’ experience in many aspects of the oil and gas sector. He and his family still reside in Oklahoma.
Richard Gonzalez, CEO, stated: “We are delighted to have a man of Drew’s stature joining the board of Petro-Victory. We look forward to utilizing his vast experience in the oil and gas industry coupled with his international expertise as we continue to focus on Latin American energy opportunities.”
Additional information on the Company is available on SEDAR at www.sedar.com
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Advisory Regarding Forward-Looking Statements
In the interest of providing Petro-Victory’s shareholders and potential investors with information regarding Petro-Victory, including management’s assessment of Petro-Victory’s future plans and operations, certain statements in this press release are “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward looking statements”). In some cases, forward-looking statements can be identified by terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “objective”, “ongoing”, “outlook”, “potential”, “project”, “plan”, “should”, “target”, “would”, “will”, “shall” or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement.
Specifically, this press release contains forward-looking statements relating to but not limited to: the composition of the board of directors, our business strategies, plans and objectives, and drilling and exploration expectations. These forward-looking statements are based on certain key assumptions regarding, among other things: our ability to eventually add production and reserves through our exploration and acquisition activities; the receipt, in a timely manner, of regulatory and other required approvals for our operating activities; the availability and cost of labor and other industry services; the continuance of existing and, in certain circumstances, proposed tax and royalty regimes; and current industry conditions, laws and regulations continuing in effect (or, where changes are proposed, such changes being adopted as anticipated). Readers are cautioned that such assumptions, although considered reasonable by Petro-Victory at the time of preparation, may prove to be incorrect.
Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. These and additional risk factors are discussed in our Final Prospectus dated July 11, 2014, as filed with Canadian securities regulatory authorities at www.sedar.com.
The above summary of assumptions and risks related to forward-looking statements in this press release has been provided in order to provide shareholders and potential investors with a more complete perspective on Petro-Victory’s current and future operations and such information may not be appropriate for other purposes. There is no representation by Petro-Victory that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and Petro-Victory does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
SOURCE Petro-Victory Energy Corp.
Image with caption: “Petro-Victory Energy (CNW Group/Petro-Victory Energy Corp.)”. Image available at: http://photos.newswire.ca/images/download/20150729_C8141_PHOTO_EN_462261.jpg
