|By Marketwired .||
|March 14, 2014 04:52 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 03/14/14 -- 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.
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.
President and Chief Executive Officer