ANCHORAGE, Alaska, Feb. 21, 2013 (GLOBE NEWSWIRE) -- Polar Petroleum Corp. (OTCBB:POLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces the appointment of Mr. Daniel Robert Walker as the Company's President and CEO to meet the challenges of exploration, development and production of oil and gas on Alaska's North Slope. To better reflect the change in the Company's business plan to oil and gas exploration, development and production, the Company also officially changed its name to Polar Petroleum Corp.
Mr. Walker has over seven years of business management experience, including background in the oil and gas industry and management roles encompassing operations, business systems and logistics management. Most recently, Mr. Walker worked for Terrex Seismic, a seismic data collection company based in Brisbane, Australia. During his time at Terrex, he provided management support for a number of projects across Australia while working in conjunction with oil and gas companies such as Beach Energy and Santos.
Prior to Terrex, Mr. Walker served as the General Manager for E. F. M. Pty Ltd., an agricultural production company based in Cairns, Australia. Mr. Walker managed the company's day-to-day operations and marketing; enforced Quality Assurance; and developed, implemented and maintained organizational systems, procedures and documentation according to regulatory requirements while ensuring compliance with external auditing bodies.
Earlier in his career, Mr. Walker was the Managing Director of DBI Freight Ltd., a mining logistics company, with clients such as oilfield service giants Halliburton, Schlumberger and Baker Hughes, as well as specialist contractor PR Marriott Drilling (PRMD). Mr. Walker still retains a working interest in the logistics sector and is currently working alongside PRMD on their Potash Project.
Mr. Walker was awarded a B.Sc. degree in Chemistry, and is not an officer or director of any other reporting company.
Mr. Walker will continue to build Polar Petroleum's management team with the aim of maximizing the Company's assets and unique industry opportunities. At the same time, the Company also plans to outsource independent consultant engineers and geologists on a part time basis to conduct specific corporate business and exploration programs on its properties in order to carry out its plan of operations.
Polar Petroleum's President & CEO, Daniel Walker, commented: "I consider it a great opportunity to lead an American energy exploration company in one of the nation's prime oil and gas production areas. While this appointment is a new opportunity for myself personally, there are also many new exploration possibilities emerging right now in close proximity to our properties. It is a very exciting time for both myself and the company and I look forward to leading Polar forward in our operations in Alaska's prolific North Slope region."
FOR ADDITIONAL INFORMATION
Read more about the Company's management team on Polar Petroleum's official website, as well as further information about the Company and its latest news releases at http://www.polarpetro.com.
ABOUT POLAR PETROLEUM CORP.
Polar Petroleum (OTCBB:POLR) is an independent American oil and gas company based in Anchorage, AK. The Company is focused on securing domestic energy solutions through the exploration, development and production of oil and natural gas in Alaska's proven North Slope region: home to the 2 largest oil fields in North America, over 10 other producing fields, and established infrastructure.
The Polar Petroleum Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17267
ON BEHALF OF THE BOARD OF DIRECTORS,
Polar Petroleum Corp.
Daniel Walker, President & CEO
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Polar Petroleum Corp.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Polar Petroleum Corp.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Polar Petroleum Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits US companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit US registered companies from including in their filings with the SEC. US investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from our website at http://www.polarpetro.com.
CONTACT: Polar Petroleum Corp. 4300 B Street Suite 505 Anchorage, AK 99503 USA INVESTOR RELATIONS: Toll Free: 1-888-765-2773 E-mail: email@example.com
|Polar Petroleum Corp. Acquires Prime Alaska North Slope Oil and Gas Properties (2013/2/26)|
|Polar Petroleum Corp. Appoints 20-Year ARCO Alaska Veteran as Chief Geological Advisor (2013/5/6)|
|Polar Petroleum Corp. Appoints Engineering, Surveying and Logistical Experts to the Company's Advisory Board (2013/3/12)|
|Polar Petroleum Corp. Appoints Chevron Alaska Veteran to the Company's Advisory Board as Head of Alaskan Exploration (2013/5/1)|
|Polar Petroleum Corp. Enters License Agreement With Fugro to Acquire Magnetic Data & Interpretation for the Company's Alaska-Based North Slope Projects (2013/5/23)|
|Polar Petroleum Corp. Provides Update on Alaskan Oil and Gas Industry and Russian Giant Rosneft's Move to Enter the North Slope (2013/5/13)|
|Polar Petroleum Corp. Engages Alaska Oil & Gas Veterans to Prepare Report on Shale Oil Production Potential for the Company's North Slope Projects (2013/5/15)|
|Polar Petroleum Corp. to Acquire Well Data and Interpretation for 4 Wells Within or in Close Proximity to the Company's Alaska Oil and Gas Projects (2013/5/30)|
|Polar Petroleum Corp. Reports on Oil Industry Activity in Close Proximity to the Company's Projects on Alaska's North Slope (2013/5/8)|
|Polar Petroleum Corp. to Acquire Prime Alaska Properties Bordering ExxonMobil Project Which is Estimated to Hold 25% of the North Slope's Recoverable Natural Gas (2013/5/21)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Morningstar Investing Classroom Rewards (earn as you learn and redeem for Morningstar merchandise)|
|P||Morningstar Fund Analyst Reports (full research on 2,000 funds and ETFs)|
|P||Morningstar Stock Analyst Reports (full research on 2,000 stocks)|
|P||Morningstar Stock and Fund Stewardship Grades|
|P||Portfolio Manager (advanced with 10 x-ray analyses, including guidance)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.