2012-12-03 15:00:05 -
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/03/12 -- Big Sky Petroleum (TSX VENTURE:BSP) is pleased to announce that the Board of Directors has appointed Dr. T Arden McCracken to the Board of the Company.
Dr. T Arden McCracken, PhD has an extensive 40 year career in reservoir and production engineering and engineering management. He has served as Chief Reservoir Engineer Worldwide for BP Exploration Company where he managed over 360 engineers and maintained oversight of a $55m annual budget. Dr. McCracken was also the Chief Engineer Worldwide for Pennzoil Exploration and Production Company where he had complete technical review and approval of all projects worldwide. He also served as the Senior Engineering Advisor for all International projects for PennzEngergy/Devon. Dr. McCracken has worked essentially all productive basins in the U.S. and Canada and most sectors of the North Sea, Middle East, North Africa and South America. He was one of the reservoir simulation developers and analyst on some of the early Bakken wells in the Williston Basin.
Sam Nastat, President, commented that "we are very pleased to have Dr. McCracken join our Board. His invaluable experience in reservoir engineering will be very beneficial to the Company as we further develop our position in the Wolfcamp/Wolfberry play in Southern Midland Basin, Texas."
The Board has also granted 80,000 options at $0.12 expiring on November 29, 2017.
About Big Sky
Big Sky is an oil and gas exploration and production company with U.S. operations in Montana and Texas. The Company is currently focused on the development of unconventional tight oil reservoirs in the Southern Alberta Basin of Montana and the Southern Midland Basin in West Texas.
Sam Nastat, President
This press release contains "forward-looking information". Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the Canadian securities administrators (available at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected.
Neither 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.
Big Sky Petroleum Corporation
604-687-3520 or 1-888-889-4874