Jan. 17, 2013
/PRNewswire/ - Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) (the "Company") today announces the following addition to the Company's management team.
The Company is pleased to report that Mr.
has joined the Company as Vice President CO
Projects and will report directly to the Company's President and CEO.
Mark holds a Master of Business Administration from
(2008) and a Bachelor of Science in Petroleum Engineering from
University of Texas-Austin
(1981). Mark has over 30 years of experience as a petroleum engineer and most recently was employed by Kinder Morgan CO
Company where he was CO
subsurface engineering manager and SACROC field development manager with direct responsibility for the subsurface design and execution of eight CO
redevelopment projects within the SACROC field.
EOR Inc.'s President and CEO Mr.
reports "The Company is very pleased to have a person of Mark's caliber join the team at EOR. Mark's experience in developing large scale CO
Enhanced Oil Recovery projects will greatly help the Company as it executes its plan to become one of the largest enhanced oil recovery resource companies in the Permian basin."
The Company also announces the grant of 1,940,000 incentive stock options entitling the purchase, for a period of five years, of 1,940,000 shares of the company at a price of
per share pursuant to the terms of the Company's Stock Option Plan approved by shareholders on
August 31, 2012
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) trades in
on the TSX Venture Exchange under the symbol "EOR" and in
the United States
on OTCQX under the symbol "EORIF". Enhanced Oil Resources Inc. is an early-stage company, with a principal goal of increasing crude oil and natural gas production through enhanced oil recovery ("EOR") and infill drilling projects it is initiating in the Permian Basin.
Certain statements contained herein are "forward-looking statements" and "forward-looking information" under applicable securities laws, including statements regarding beliefs, plans, expectations or intentions regarding the future relating to Enhanced Oil Resources Inc.'s operations, business prospects, expansion plans and strategies.