Polar Petroleum Corp. Appoints 20-Year ARCO Alaska Veteran as Chief Geological
ANCHORAGE, Alaska, May 6, 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. Donald W. Brizzolara to the
Company's Advisory Board as Chief Geological Advisor. Mr. Brizzolara
represents 25 years of experience in oil and gas exploration and development
geology, and consulting experience for firms such as ConocoPhillips and Shell.
[Full profile for Mr. Brizzolara appears further below.]
Of particular importance to the Company, Mr. Brizzolara's background includes
work on the Prudhoe and Kuparuk fields, which, together constitute the
majority of the oil production on the North Slope (51% and 20%,
respectively). Polar Petroleum's Hemi Springs Project is spread along the
southwestern border of the Prudhoe Bay Unit, and lies to the southeast of the
Kuparuk River Unit.
Polar Petroleum's President & CEO, Daniel Walker, commented: "Donald
Brizzolara offers us exceptional insight into the workings of Alaska's energy
industry from a private and state perspective. Even more important, he offers
invaluable experience with the North Slope's largest producing fields, which
are immediately adjacent and nearby to us. We look forward to working with him
as we continue to assess our Alaskan assets and work toward their full
DONALD W. BRIZZOLARA – CHIEF GEOLOGICAL ADVISOR
Donald Brizzolara represents 25 years of experience in oil and gas exploration
and development geology (Prudhoe and Kuparuk fields), and experience as a
successful prospect generator resulting in oil discoveries (Kuvlum, Midnight
Sun/Sambuca) in the North Slope of Alaska.
In his consulting geologist work since 2005, Mr. Brizzolara has drawn on his
understanding of Alaskan petroleum geology including the North Slope, interior
basins, Cook Inlet, Alaska Peninsula and offshore federal waters. His
consulting work has been diverse and ranges from wellsite geologist to
conducting regional geologic evaluations for firms such as ConocoPhillips,
Shell, Pioneer, and Linc Energy.
Earlier in his career, Mr. Brizzolara was employed by ARCO Alaska, Inc as an
exploration and development geologist, specializing on the North Slope but
also working most of Alaska's diverse petroleum provinces. During that 20-year
period, he added value to ARCO's operations in CPF-3 Kuparuk River Field,
Lisburne Field and the Endicott Field.
He later worked for the Alaska Division of Natural Resources (DNR), Division
of Oil and Gas (DOG) as a senior petroleum geologist. His responsibilities
included regional evaluations of oil and gas potential for the North Slope
foothills province as a well as the Alaska Peninsula.
Mr. Brizzolara received a B.S. degree in geology from California State
University, Hayward (1975) and an M.S. degree in geology from the University
of California, Davis (1979).
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 estimated to
potentially represent recoverable petroleum reserves of ~558 million barrels
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.
* Petroleum News, Sept. 23, 2012; ** Geologic Study and Initial Evaluation of
the Potential Petroleum Reserves of the Hemi Springs Project, North Slope,
Alaska (D. T. Gross & D. W. Brizzolara, Mar. 25, 2013).
ON BEHALF OF THE BOARD OF DIRECTORS,
Polar Petroleum Corp.
Daniel Walker, President & CEO
4300 B Street
Toll Free: 1-888-765-2773
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
1. Geologic Study & Initial Evaluation of the Potential Petroleum Reserves of
the Hemi Springs Project (D.T. Gross & D.W. Brizzolara), Mar. 25, 2013.
CONTACT: INVESTOR RELATIONS:
Toll Free: 1-888-765-2773
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