SOURCE: Arctic Oil & Gas Corporation

March 28, 2008 06:00 ET

Arctic Oil & Gas Will Invite Top Climatologist to Join Advisory Board

LAS VEGAS, NV--(Marketwire - March 28, 2008) - Arctic Oil & Gas (PINKSHEETS: AOAG), a petroleum exploration company, will invite at least one top meteorologist/climatologist to join the Company's advisory board. Such an individual will be a great asset and will join Dr. Jonathan Bujack in bringing critical scientific credibility to the board.

The Company plans to continue to build its scientific strength, along with bringing onboard highly respected petroleum engineers, geologists, and geophysicists. Such individuals with experience with the hydrocarbon formations in cold climates will be exceptionally important.

Peter Sterling, Arctic CEO, stated, "We expect to announce the addition of at least one highly credentialed and known climatologist to our advisory board. This individual will aid us significantly in dealing with climatological and environmental questions that we expect to arise. Additionally, we anticipate many discussions about global warming and the arctic, along with how the Company will deal with these conditions."

Sterling continued, "We want to be prepared for all possibilities and eventualities. We know that we are in a complex region climatologically and geologically and we plan to surround ourselves with the best scientific minds to help us deal with any possible scenario."

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.

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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.

Contact Information

  • Investor Relations:
    Patrick Lowry
    Phone: 702.953.9688
    Email: Email Contact