SOURCE: Arctic Oil & Gas Corporation
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March 13, 2008 06:00 ET
Arctic Oil & Gas Appoints Acclaimed Paleontologist, Dr. Jonathan Bujak, to Advisory Board
LAS VEGAS, NV--(Marketwire - March 13, 2008) - Arctic Oil & Gas Corp. (PINKSHEETS: AOAG), a
petroleum exploration company, announced the appointment of acclaimed
paleontologist/paleoclimatologist, Dr. Jonathan Bujak, to the Company's
advisory board. Bujak will predominantly work in the development of arctic
abyssal geological and hydrocarbon exploration models, to enhance the
success of the Company's drilling for oil and gas.
Bujak brings over 30 years of experience and provides specific expertise in
arctic geology, paleontology, and paleoclimatology. His expertise is
driven by field and lab work with Robertson Research, Mobil Oil, and
PetroCanada, followed by membership in the Geological Survey of Canada,
where he worked with geologists and oceanographers at the Bedford Institute
of Oceanography, reconstructing the historical periods of the Atlantic,
from Triassic to Recent.
Since 1982, Dr. Bujak has been Senior Partner of Bujak Research, Ltd.,
based in Canada and the U.K., providing consulting expertise to both
governments and industry. Publications include over 100 articles. He
brings recognized specialized biostratigraphic expertise for the North Sea
and Shetland Islands and has aided in resolving equity disputes in those
areas.
Peter Sterling, Arctic CEO, stated, "We proudly welcome Dr. Bujak into the
Arctic family and believe that his existing expertise and status in both
governmental and oil industry communities will greatly aid us in our march
to success. Dr. Bujak's current focus has been on the oceanographic and
climate history of the Arctic, which will help us accelerate our drilling
initiative."
About Arctic Oil & Gas
Arctic Oil & Gas representatives have filed a claim with the United Nations
General Assembly and the countries of Canada, Russia, United States of
America, Norway and Denmark, claiming, as a responsible oil and gas
development agent of the "common heritage of mankind," the sole and
exclusive exploitation, development, marketing and extraction rights to the
oil and gas resources of the seafloor and subsurface contained within the
entire Arctic Ocean Common area beyond the exclusive economic zone of the
Arctic Ocean's surrounding countries called the "Arctic Claims." The
Company intends to operate as the "lead manager" tasked to create a
multinational joint venture consortium of major oil companies, whose
technology and managerial expertise will be vital to recovering the oil and
gas from beneath the harsh, deep waters of the Arctic in an environmentally
safe manner.
Please visit www.arcticoag.com.
This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform Act of
1995. Actual results may differ from management's expectations. These
forward-looking statements involve risks and uncertainties that include,
among others, risks associated with oil & gas exploration risks related to
competition, management of growth, new products, services and technologies,
potential fluctuations in operating results, international expansion,
commercial agreements, acquisitions and strategic transactions, government
regulation and taxation. More information about factors that potentially
could affect AOAG's financial results is included in its filings with the
Securities and Exchange Commission.