UPDATE: United American Petroleum Corp. Announces Appointment of Albert Hough and John Whitehead to Its Advisory Board
31 Octobre 2012 - 2:00PM
United American Petroleum Corp. (OTC Markets:UAPC)
announced today it has appointed Mr. Albert Hough and Mr. John
Whitehead as members of our Advisory Board. Both Mr. Hough and Mr.
Whitehead are seasoned well site drilling consultants who have
supported operations of several Fortune 500 oil and gas companies.
With 100 years combined experience, the Company believes Mr. Hough
and Mr. Whitehead possess the leadership skills and acumen to
propel the Company's growth.
Mr. Hough and Mr. Whitehead have supervised drilling,
completion, production and work-over operations on vertical,
directional and horizontal wells to depths of 20,000 feet using
oil, water and brine base mud systems and high temperature/high
pressure gas wells. Mr. Hough's and Mr. Whitehead's project
experience include on land, inland waters and offshore. Both
gentlemen are adept with land, inland barge, jackup and 24 hour
work-over rig operations.
Mr. Hough is proficient in coil tubing, drilling, cleanout and
well stimulation operation experience and work-over experience
which consist of plug back, squeeze cementing, slickline, fishing
and plug and abandonment operations.
Mr. Whitehead is proficient in well control procedures,
hydraulic and sand fracturing, gravel packs, and the corrosion and
safety concerns as related to H2S and CO2. Domestically, Mr.
Whitehead has worked in the Alabama, Mississippi, Florida,
Colorado, Wyoming, Utah, New Mexico, Pennsylvania, West Virginia,
Louisiana, and the inland waters and bays of Louisiana and most
importantly Texas.
Michael Carey, President and CEO, stated, "We believe Mr.
Hough's and Mr. Whitehead's diverse experience and specialized
knowledge of specific formations on UAPC properties should allow
them to deliver innovative concepts and identify opportunities to
grow our operations. Their strong leadership and business acumen
should significantly impact our future projects as we look to
execute our next growth phase. UAPC has now assembled an Advisory
Board with over 140 years of combined knowledge and experience to
execute UAPC's plans to workover approximately 150 well bores from
various leases in our portfolio of properties."
Both Mr. Hough and Mr. Whitehead stated, "We are excited to
advise United's management team regarding its current drilling
operations and help drive the Company forward. We believe United
offers the infrastructure and platform from which management can
rapidly expand the Company's scope and business development."
For additional information regarding the Company's operations,
projects, management team and other valuable information, please
visit the Company's web site at www.unitedamericanpetroleum.com. To
be placed on the Company's master email list and receive future
press releases, progress reports and developments, please send an
email to ir@unitedamericanpetroleum.com or contact the Company at
+1 855-PETROL-1
About United American Petroleum Corp.
United American Petroleum Corp. is an independent exploration,
development, acquisition, production, and operating company engaged
in advanced exploration, drilling and completion techniques to
explore for, produce and develop domestic oil and natural gas
reserves. The Company's strategy centers on increasing
shareholder value through actively pursuing and developing
high-potential acquisitions for drilling and production while
maintaining a prudently managed balance sheet. The
Company's main current projects are in Texas, however,
additional acquisitions may encompass active plays
throughout the United States.
The United American Petroleum logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8834
Forward-looking Statements:
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are
not limited to, risks associated with drilling and production
programs resulting from geological, technical, drilling, seismic
and other unforeseen problems; unexpected results of exploration
and development drilling and related activities; continued
availability of capital and financing; increases in operating
costs; risks associated with oil and gas operations in the United
States; availability of skilled personnel; unpredictable weather
conditions; and other factors listed from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Cautionary Note to U.S. Investors -- The United
States Securities and Exchange Commission permits oil and gas
companies, in their filings with the SEC, to disclose only proved
reserves that a company has demonstrated by actual production or
conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. We use
certain terms in this press release, such as "probable,"
"possible," "recoverable" or "potential" reserves among others,
that the SEC's guidelines strictly prohibit us from including in
filings with the SEC. Investors are urged to consider closely the
disclosure in our Annual Report on Form 10-K and our other filings
with the SEC at www.sec.gov or from us at United American Petroleum
Corp., 9600 Great Hills Trail, Suite 150W, Austin, TX 78759.
CONTACT: United American Petroleum Corp.
Barry Gross
+1 855-PETROL-1
ir@unitedamericanpetroleum.com
info@unitedamericanpetroleum.com
United American Petroleum (PK) (USOTC:UAPC)
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