/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
CALGARY, Sept. 27 /CNW/ - Petro Andina Resources Inc. (the "Company") is
pleased to announce the appointment of David R. Taylor to the position of Vice
President, Business Development. Mr. Taylor will be responsible for
identifying and capturing future growth opportunities for the Company.
Mr. Taylor brings to Petro Andina over 26 years of experience in all
aspects of oil and gas exploration and production. He was previously Vice
President, Exploration and International Operations for Husky Energy and Vice
President, Exploration for Renaissance Energy prior to the merger of the two
companies. Before joining Renaissance he held various management, business
development and senior technical positions with Chauvco Resources, Imperial
Oil Resources and Exxon Production Research Company in Houston.
Mr. Taylor holds a Masters degree in Geology from McMaster University and
a Bachelors degree in Geology from the University of Pennsylvania. He is a
member of APPEGA, CSPG and AAPG.
About Petro Andina Resources Inc.
Petro Andina is engaged in the exploration for and development and
production of oil and natural gas in Argentina and, to a lesser extent, in
Canada. The Company is continuing to develop its existing reserves and to
conduct appraisal and exploration drilling on its 457,000 acre (260,000 acre
net) land position in the Neuquén basin. Petro Andina is headquartered in
This news release does not constitute an offer to sell securities, nor is
it a solicitation of an offer to buy securities, in any jurisdiction. All
sales will be made through registered securities dealers in jurisdictions
where the offering has been qualified for distribution. The securities offered
are not, and will not be, registered under the securities laws of the United
States of America, nor any state thereof and may not be sold in the United
States of America absent registration in the United States or the availability
of an exemption from such registration.
The Toronto Stock Exchange has not received and does not accept
responsibility for the adequacy or accuracy of this news release.
Certain information set forth in this press release, including a
discussion of future plans and operations, contains forward-looking statements
that involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
some of which are beyond Management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of exchange rates, environmental risks, industry
competition, availability of qualified personnel and management, stock market
volatility, timely and cost effective access to sufficient capital from
internal and external sources. Actual results, performance or achievement
could differ materially from those expressed in or implied by these
forward-looking statements. For more information please contact Petro Andina
For further information:
For further information: Melesia Kasha, Investor Relations, Petro Andina
Resources Inc., Phone: (403) 237-1700, Fax: (403) 265-8216; Bill Hogg, Chief
Financial Officer, Petro Andina Resources Inc., Phone: (403) 237-1701, Fax: