PetroWorth Resources Inc.

PetroWorth Resources Inc.

May 27, 2009 10:39 ET

PetroWorth Appoints Alan Graham as Chairman

CALGARY, ALBERTA--(Marketwire - May 27, 2009) - PetroWorth Resources Inc. (CNSX:PTW) (FRANKFURT:T3F) announced today the appointment of Alan Graham as the company's chairman of the board.

Mr. Graham served more than 31 years in public office until his retirement from politics in 1998. He was first elected as a Member of the New Brunswick Legislative Assembly in 1967 and was Minister of Agriculture from 1987-1991 and Minister of Natural Resources and Energy from 1991 - 1998. In 1997 he was named Deputy Premier while maintaining his portfolio as Natural Resources and Energy Minister until his retirement. Mr. Graham now serves on a number of boards for both public and private companies in Canada and Europe.

Mr. Graham replaces Colman O'Brien as PetroWorth's chairman. Mr. O'Brien has held the position since April 2007 and was instrumental in helping the company obtain the financings required to undertake oil and gas exploration programs onshore eastern Canada. The board expresses its gratitude to Mr. O'Brien for his contributions to the company and is pleased that he has agreed to stay on as a director.

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.


Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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