CALGARY, Dec. 15 /CNW/ - Oil Optimization Inc. (TSXV: OOI) (the "Company") today announced the appointment of Mr. Philip Moore as
a director of the Company to fill the vacancy created by the
resignation of Mr. Paul Kroshko.
Luc Desmarais, President of the Company, commented: "Mr. Moore's
considerable experience in the energy investment banking field makes
him a tremendous addition to our team. We are very fortunate to have
Phil join us and we welcome him to our board as we move forward with
our exploration activities in Thailand."
Mr. Moore is Managing Director and a founder of Captus Partners Ltd. (an
investment banking boutique focused on the oil and gas industry). He
has over 15 years of energy investment banking experience and has
extensive experience in capital raising and advising Canadian and
international clients across a broad range of M&A and financial
advisory mandates. Prior to Captus, Mr. Moore was Managing Director of
Energy Investment Banking at Paradigm Capital Inc., Director of Energy
Investment Banking at Sprott Securities Inc. and prior to that he was
with BMO Nesbitt Burns Inc. Mr. Moore has a Bachelor of Commerce
(Finance), from the University of Calgary and is a Chartered Financial
Analyst and a member of the Association for Investment Management and
"On behalf of the board, I would like to thank Mr. Kroshko for his
services and wish him all the best in his future endeavours" added Mr.
About Oil Optimization Inc.
The Company is a junior oil and gas exploration company headquartered in
Calgary, Alberta. The Company now holds interests in two onshore
exploration blocks in Thailand being a 100% interest in Block L3/50 and
a 50% interest in Block L9/48 and has conditionally been granted a 100%
interest in a third onshore exploration block being Block L14/50. The
Company, through its wholly-owned subsidiary, JSX Energy (Thailand)
Limited, will focus on exploring and developing each of these blocks as
well as seeking accretive acquisitions in Thailand.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy for this release.
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing", "may",
"will", "project", "should", "believe", "plans", "intends" and similar
expressions are intended to identify forward-looking information or
statements. More particularly and without limitation, this news
release contains forward looking statements and information concerning
the expected activities of Oil Optimization. The forward-looking
statements and information are based on certain key expectations and
assumptions made by Oil Optimization. Although Oil Optimization
believes that the expectations and assumptions on which such
forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements
and information because Oil Optimization can give no assurance that
they will prove to be correct. By its nature, such forward-looking
information is subject to various risks and uncertainties, which could
cause the actual results and expectations to differ materially from the
anticipated results or expectations expressed. Readers are cautioned
not to place undue reliance on this forward-looking information, which
is given as of the date hereof, and to not use such forward-looking
information for anything other than its intended purpose. Oil
Optimization undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE OIL OPTIMIZATION INC.
For further information: For further information:
Oil Optimization Inc.
Alex Farcas - Corporate Secretary
Phone (416) 643-6960