3P International Energy Corp.
TSX VENTURE : DOH

3P International Energy Corp.

November 30, 2010 07:00 ET

3P International Energy Corp. Welcomes Ukrainian CBM Expert

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) is pleased to announce the appointment of Vitaliy Privalov to aid the Corporation in identifying optimal CBM drill targets as it begins planning and mobilization for its initial 10 well program.

Dr. Vitaliy Privalov was born in Donetsk, Ukraine in 1961. In 1988 he graduated with his doctorate from the geological department of All-Union State Research Geological Institute (VSEGEI), Leningrad, Russia. From 1988 to present, Dr. Privalov was initially an associate professor and later a Professor at the Department of Geology, Donetsk State Technical University, Ukraine. Currently, Dr. Privalov works as a Senior Research Fellow for the Ukrainian State Research and Design Institute for Mining Geology, Geomechanics and Surveying UkrNIMI, National Academy of Ukraine. During most of his career, he has worked on the investigation of coal and associated characteristics of the Donets Coal Basin (Eastern Ukraine) and is an internationally recognized specialist in the area and has been involved in several successful commercial projects in CBM in the area. His works include 152 publications in Ukrainian, Russian and International Journals (International Journal of Coal Geology, Basin Research, BHM, Tectonophysics, Ore Geology Reviews, Geology, AAPG Bulletin) and two monographs. 

Dr. David Kahn, Chairman and CEO of 3P, stated "We are extremely pleased to have been able to bring Vitaliy aboard as we continue to round out our operational and technical team in-country, at the local level. Vitaliy has spent his career examining the Donets Basin and will be instrumental in helping us to target initial well locations while developing a plan to further expand our resource base in the region. Intellectual capital on the ground is an important asset for 3P."

About 3P International Energy Corp.

3P International Energy Corp. is actively seeking international energy opportunities which meet its business model criteria of discovered but undeveloped known shallow reserves in politically and business friendly climates, which can be exploited using conventional and unconventional drilling, completion and reservoir technologies.

On behalf of the Board of Directors

David Kahn, Chairman and CEO

Forward-Looking Information

This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Corporation believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Corporation's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Corporation's filings with the Canadian securities regulators available on www.sedar.com

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