UPDATE: United American Petroleum Corp. Announces Appointment of Albert Hough and John Whitehead to Its Advisory Board
AUSTIN, Texas, Oct. 29, 2012 (GLOBE NEWSWIRE) -- United American Petroleum Corp. (OTC Markets:UAPC) announced today it has appointed Mr. Albert Hough and Mr. John Whitehead as members of our Advisory Board. Both Mr. Hough and Mr. Whitehead are seasoned well site drilling consultants who have supported operations of several Fortune 500 oil and gas companies. With 100 years combined experience, the Company believes Mr. Hough and Mr. Whitehead possess the leadership skills and acumen to propel the Company's growth.
Mr. Hough and Mr. Whitehead have supervised drilling, completion, production and work-over operations on vertical, directional and horizontal wells to depths of 20,000 feet using oil, water and brine base mud systems and high temperature/high pressure gas wells. Mr. Hough's and Mr. Whitehead's project experience include on land, inland waters and offshore. Both gentlemen are adept with land, inland barge, jackup and 24 hour work-over rig operations.
Mr. Hough is proficient in coil tubing, drilling, cleanout and well stimulation operation experience and work-over experience which consist of plug back, squeeze cementing, slickline, fishing and plug and abandonment operations.
Mr. Whitehead is proficient in well control procedures, hydraulic and sand fracturing, gravel packs, and the corrosion and safety concerns as related to H2S and CO2. Domestically, Mr. Whitehead has worked in the Alabama, Mississippi, Florida, Colorado, Wyoming, Utah, New Mexico, Pennsylvania, West Virginia, Louisiana, and the inland waters and bays of Louisiana and most importantly Texas.
Michael Carey, President and CEO, stated, "We believe Mr. Hough's and Mr. Whitehead's diverse experience and specialized knowledge of specific formations on UAPC properties should allow them to deliver innovative concepts and identify opportunities to grow our operations. Their strong leadership and business acumen should significantly impact our future projects as we look to execute our next growth phase. UAPC has now assembled an Advisory Board with over 140 years of combined knowledge and experience to execute UAPC's plans to workover approximately 150 well bores from various leases in our portfolio of properties."
Both Mr. Hough and Mr. Whitehead stated, "We are excited to advise United's management team regarding its current drilling operations and help drive the Company forward. We believe United offers the infrastructure and platform from which management can rapidly expand the Company's scope and business development."
For additional information regarding the Company's operations, projects, management team and other valuable information, please visit the Company's web site at www.unitedamericanpetroleum.com. To be placed on the Company's master email list and receive future press releases, progress reports and developments, please send an email to firstname.lastname@example.org or contact the Company at +1 855-PETROL-1
About United American Petroleum Corp.
United American Petroleum Corp. is an independent exploration, development, acquisition, production, and operating company engaged in advanced exploration, drilling and completion techniques to explore for, produce and develop domestic oil and natural gas reserves. The Company's strategy centers on increasing shareholder value through actively pursuing and developing high-potential acquisitions for drilling and production while maintaining a prudently managed balance sheet. The Company's main current projects are in Texas, however, additional acquisitions may encompass active plays throughout the United States.
The United American Petroleum logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8834
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks associated with drilling and production programs resulting from geological, technical, drilling, seismic and other unforeseen problems; unexpected results of exploration and development drilling and related activities; continued availability of capital and financing; increases in operating costs; risks associated with oil and gas operations in the United States; availability of skilled personnel; unpredictable weather conditions; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as "probable," "possible," "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K and our other filings with the SEC at www.sec.gov or from us at United American Petroleum Corp., 9600 Great Hills Trail, Suite 150W, Austin, TX 78759.