Petroworth Resources Inc.
Acquisition and exploration of onshore oil & natural gas properties in Eastern Canada.
Message: Michael Raleigh Joins PetroWorth Board
| January 16, 2009 |
| Michael Raleigh Joins PetroWorth Board |
| CALGARY, ALBERTA--(Marketwire - Jan. 16, 2009) - PetroWorth Resources Inc. (CNSX:PTW) (FRANKFURT:T3F) is pleased to announce the appointment of Michael Raleigh to the Company's board of directors. Mr. Raleigh holds a Bachelor of Science degree in Chemical Engineering from Queens University and a Masters in Business Administration from the University of Colorado. Based in Houston, Texas, he has more than 30 years of experience in the oil and gas industry, and currently provides technical and commercial expertise to independently managed funds investing in private and public exploration and production companies. Mr. Raleigh has also held a number of positions in the global oil and gas industry, primarily in the areas of reservoir development strategy, property valuations, completions and production. His experience ranges across North and South America, the UK North Sea, Russia, the Caspian area and the Middle East. In 1985, he co-founded an engineering and software development business which was ultimately acquired by Schlumberger Oilfield Services in 1996. Moreover, while at Schlumberger, he pioneered several large (+$100 million) field development projects coupled with structured financing. "Michael brings a wealth of oil and gas experience and expertise to our company, from both the commercial and technical sides of the business," said Neal Mednick, president of PetroWorth. "He will be of invaluable assistance as we move forward with the exploration and development of our properties onshore eastern Canada." PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements. |
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