Bayshore Petroleum Corp. Announces Appointment of Technical Advisor
March 14 2014 - 3:52PM
Marketwired
Bayshore Petroleum Corp. Announces Appointment of Technical Advisor
CALGARY, ALBERTA--(Marketwired - Mar 14, 2014) - Bayshore
Petroleum Corp. ("Bayshore" or the "Corporation") (TSX-VENTURE:BSH)
is pleased to announce it has retained Mr. James Matthew Duford, a
seasoned Petroleum Executive with more than 38 years of experience
in Canada and the International Oil and Gas Industry, acting as
Technical Advisor for Bayshore.
Mr. Duford will provide technical and business advice to
Bayshore related to Canada and worldwide Heavy oil asset
evaluation, potential for Business Development and Upgrading Market
Expansion. He will also provide leadership on Exploration,
Development, and Enhanced Oil Recovery technology related to Heavy
Oil/ Oil Sand Development worldwide.
"We welcome JM Duford for his vast experience in Petroleum
management in the medium and heavy oil industry. His unifying
leadership plus his ability to identify issues and realize every
potential are widely recognized, making him the right person for
this advisory role. JM Duford has already supported different
companies with growth similar to what Bayshore will see in the
years ahead. His expertise will be valuable in developing our
company," stated Peter Ho, President and CEO.
Mr. JM Duford has a MSc of Geology from the University of
Calgary and a Bachelors Degree from Williams in Massachusetts. The
38 years of experience, includes senior management positions in
privately and publicly owned start up Oil and Gas companies, some
of which he was a founder. He has had an excellent career in the
management of Petroleum Exploration and Development where he has
had the opportunity to work in all phases of Petroleum upstream
operation and managed large capital budgets significantly
increasing value for the companies.
Mr. Duford's success includes attracting large funds to the
start up companies, guiding the companies various property
acquisitions, and the implementation of new technologies in the oil
and gas business.. He has also been in charge of personnel training
and other administrative work. Bayshore is looking forward to
working closely with Mr. JM Duford and seeking his valuable
advice.
Cautionary
Statements
Statements in this press release may contain forward-looking
information including expectations of future production, operating
costs, commodity prices, administrative costs, commodity price risk
management activity, acquisitions and dispositions, capital
spending, access to credit facilities, income taxes, regulatory
changes, and other components of cash flow and earnings. The reader
is cautioned that assumptions used in the preparation of such
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, a
result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the company.
These risks include, but are not limited to, the risks associated
with the mining industry, commodity prices and exchange rate
changes. Industry related risks could include, but are not limited
to, operational risks in exploration, development and production,
delays or changes in plans, risks associated to the uncertainty of
reserve estimates, health and safety risks and the uncertainty of
estimates and projections of production, costs and expenses. The
reader is cautioned not to place undue reliance on this
forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Bayshore Petroleum Corp.Peter HoPresident and Chief Executive
Officer(403) 265-8820
Bayshore Petroleum (TSXV:BSH)
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