Polar Petroleum Corp. Appoints Engineering, Surveying and Logistical Experts
to the Company's Advisory Board
ANCHORAGE, Alaska, March 12, 2013 (GLOBE NEWSWIRE) -- Polar Petroleum Corp.
(OTCBB:POLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is
pleased to announce the appointment of Mr. Steven Costa as Engineering
Advisor, Mr. Peter Brown as Surveying Advisor, and Mr. David Walker as
Logistical Advisor to the Company's Advisory Board. The expertise of the
advisors will be drawn upon as needed as Polar Petroleum moves forward with
its plans for the exploration, development and production of oil and gas on
its North Slope assets in Alaska.
Polar Petroleum's President & CEO Daniel Walker commented: "As a startup
company, one of our greatest challenges in creating shareholder value is to
find ways to keep our costs low while still maximizing the full potential of
our properties and the potential of current market opportunities. We can
effectively accomplish that goal by having Steven, Peter and David provide us
with valuable technical and business strategy support on a part time basis as
we carry out our plan of operations in Alaska."
STEVEN COSTA – ENGINEERING ADVISOR
Steven Costa represents professional experience in diesel fitting,
manufacturing and engineering sectors in the areas of technical and business
operations, as well as in administrative procedures. His vast experience in
the mechanical and engineering sectors, particularly with seismic vibrators,
will be of substantial benefit to Polar Petroleum.
Steven began his career working for Scania Australia where he built an
extensive knowledge of heavy and light vehicles over a period of 10 years. He
then leveraged this knowledge to embark on a career in the mining and
exploration sector within Australia.
Steven worked as a mechanic and engineer for Australia's leading exploration
contractor to the resources sector, Terrex Seismic. While with Terrex, he
worked on many projects including for Santos and Beach Petroleum looking for
oil and gas; for QGC looking for coal seam gas; and on other mineral projects
targeting zinc, gold, coal and geothermal.
Steven's vast industry knowledge led to him maintaining and repairing all the
vehicles used in the process of exploration, including the Komatsu D65 dozers,
the graders, and, most important, the vibrators.
Since leaving Terrex in 2012, Steven now works for BHP Billiton on their
Groote Eylandt project looking to mine Manganese in the Australian Northern
PETER BROWN – SURVEYING ADVISOR
Peter Brown represents experience with both Private and Public sector clients,
taking projects from briefing stage through to design and practical completion
to successfully increase the value of the specific built asset.
His current work includes serving as Project Surveyor for market leading
Global Built Asset Consultancy EC Harris LLP (ECH). Among ECH's activities are
providing project control services for FTCO Group in Saudi Arabia; consulting
with major Oil & Gas clients including Shell, ExxonMobil, BP and Saudi Aramco;
and providing Shell with program controls, contract advisory and real estate
project management services across 26 countries through a Global Enterprise
Framework Agreement (EFA).
During his time with ECH, Peter's role has involved projects ranging in size
and value while requiring vital technical and analytical skills necessary to
ensure the maximum return from an asset across its lifecycle: project cost
analysis, financial reporting, contract procurement, contract administration,
defect diagnosis, lease interpretation, and statutory regulation
interpretation and compliance.
Peter holds a B.Sc. (Hons) and is currently seeking accreditation from the
Royal Institute of Charted Surveyors with a view to sitting for the Assessment
of Professional Competence in the near future.
DAVID WALKER – LOGISTICAL ADVISOR
David Walker has been involved in the haulage logistics sector for over 35
years. During that time he has gained extensive experience in international
and worldwide logistics, and valuable contacts within both the general
industry and the Oil and Gas industry in particular.
Currently, David is primarily involved within the oil and gas industry. He
draws on his vast knowledge of the logistics sector and his substantial
industry network as the logistics coordinator for numerous oil and gas
companies, such as Viking Gas, Sirius Minerals and Moorland Energy.
Through his regular dealings in the industry, David has fostered important
contacts with leading companies, including Halliburton, Schlumberger, Baker
Hughes, Target Directional Drilling and M-I Swaco to name a few.
David's oil and gas industry involvement also includes acting as site
supervisor for Moorland Energy.
In 1976, David started his first limited company. After working with many
large companies, including Jersey Produce, News International and publisher DH
Greaves, he expanded into European markets and started transporting various
goods to multiple countries including Spain, France, Italy, Germany, Belgium,
Switzerland and the UK.
David also worked directly with Kingspan Group PLC, which supplies building
materials to a worldwide market across all continents.
FOR ADDITIONAL INFORMATION
Read more about the Company's leadership 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 Company's Franklin Bluffs Project overlies the 3 source
rocks thought to represent potential unconventional shale oil on the North
Slope. Test drilling in the vicinity has met expectations for finding oil in
the source rocks.* The Company's Hemi Springs Project is positioned within 1
of 18 Beaufortian accumulations in Alaska that together represent EUR of 5
billion barrels of oil and 12 trillion cubic feet of gas.**
Polar's projects are strategically positioned between many of the major
players of the oil and gas industry and the necessary infrastructure to bring
hydrocarbons to market.
The Polar Petroleum Corp.logo is available at
* Petroleum News, Sept. 23, 2012; ** US Geological Survey (USGS): Oil and Gas
Resources of the Arctic Alaska Petroleum Province, 2005.
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
CONTACT: Polar Petroleum Corp.
4300 B Street
Toll Free: 1-888-765-2773
Polar Petroleum Corp. Logo
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