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 Research.
"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. Desmarais.
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.
For further information: For further information:
Oil Optimization Inc.
Alex Farcas - Corporate Secretary
Phone (416) 643-6960