Century Petroleum Corp. (OTC BB:CYPE.OB - News) is pleased to announce that it has formed an Advisory Body. Initially composed of two prominent oil and gas professionals and business leaders, the Advisory Body will assist the Company's executives on a wide variety of areas, including the expansion of the business, financial and technical issues. They will also provide guidance and support for decision-making and strategy formulation.
"We are pleased with John's and Mike's acceptance to join our Advisory Body. They are among the most distinguished leaders in the industry and we are thrilled to have direct access to their expertise. I am sure that their knowledge and experience will be a valuable resource for Century as we continue to expand our operations," said James Hersch, CEO of Century Petroleum Corp.
Century Petroleum Corp's Advisory Body Members:
John N. Seitz - Strategy and Finance Advisor
Mr. Seitz has over 30 years of experience in the industry covering a wide range of positions. He spent most of his career in various executive and management roles at Anadarko Petroleum Corporation (NYSE), rising to the position of CEO, COO and President. Mr. Seitz is currently vice chairman of the board of directors of Endeavour International Corp. (AMEX), an independent oil and gas exploration and production company with operations in the North Sea. He is also director of Input/Output Inc. and Elk Resources, Inc.
In 2000, the Houston Geological Society honored him as a "Legend in Wildcatting." Mr. Seitz began his career as a petroleum geologist with Amoco Production Company. He is a Certified Professional Geological Scientist from the American Institute of Professional Geologists and a licensed professional geoscientist with the State of Texas. He serves as a trustee for the American Geological Institute Foundation.
Michael Cochran - Technical Advisor
Mr. Cochran is a highly qualified and results-driven exploration and production executive with wide ranging experience in seismic analysis, geologic/geophysical exploration and development, research, risk management, hedging, and portfolio administration. Mr. Cochran has over 39 years of experience in the energy exploration business. He is proficient in both geology and geophysics; and he has been involved in discovering giant oil and gas fields around the world. He has worked in: North Africa, West Africa, North Sea, Indonesia, Alaska, Middle East, China, Gulf of Mexico, Onshore USA and Canada.
Until 2006 he was Executive VP of Exploration for Endeavour International Corp. He spent 13 years at Anadarko Petroleum Corporation, covering different positions: Senior VP of Strategy and Planning, VP of Worldwide Exploration, Chief Geophysicist, among others. Mr. Cochran started his career at the Gulf Oil Company. He holds a PhD in Geophysics from Rice University (TX), an MS in Geology from Bowling Green State University (OH) and a BS in Geology from Tulane University (LA).
Further Information
Shareholders and interested parties are encouraged to visit Century Petroleum's website at www.centurypetrol.com and sign-up to receive news on the company as it becomes available. Otherwise a corporate information package can be requested by contacting shareholder relations at toll-free 1-877-284-8258.
About Century Petroleum Corporation
Century Petroleum Corporation is a publicly traded, dynamic junior oil and gas exploration company currently focused on making significant commercial petroleum discoveries in the Southern States. Century Petroleum Corporation's intent is to build near-term shareholder value by initially focusing its activities in proven domestic hydrocarbon basins. Century Petroleum Corporation trades on the NASD OTC BB under the symbol: CYPE.
On behalf of the Company
Johannes Petersen
Chief Financial Officer
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Century Petroleum Corp. can identify and successfully negotiate leases for oil and gas properties, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the US Securities and Exchange Commission.
Contact:
Contact:
Century Petroleum Corp.
Investor Relations
Toll free: 877.284.8258
Email: Email Contact
Website: http://www.centurypetrol.com
Source: Century Petroleum Corp.
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