Big Sky Energy Corporation

Big Sky Energy Corporation

December 14, 2006 12:40 ET

Big Sky Energy Corporation Announces the Appointment of a Chief Executive Officer and President

CALGARY, ALBERTA--(CCNMatthews - Dec. 14, 2006) - Big Sky Energy Corporation (PINK SHEETS:BSKO) (the "Company") announced today that it has appointed Dr. Servet Harunoglu as its Chief Executive Officer and President. Dr. Harunoglu, who has served as an independent director to the Company since May 2005, replaces Mr. Al Sehsuvaroglu, who will remain as a consultant to the Company through next year.

Dr. Harunoglu received his Doctorate in electrical engineering from Northwestern University in 1973. Upon graduation he joined Eltek Electrical Technology Co. as its General Manager. In 1982 he joined Enka Holdings, a renowned international construction company, as Director of Marketing. In 1985 he joined Cukurova Holdings, a large Turkish industrial conglomerate, as its General Coordinator. In 1991 he formed Fintraco Construction and Contracting Co., one of Kazakhstan's largest construction firms, and, currently he is a Director of this company.

Dr. Harunoglu has made several investments in Kazakhstan since its independence in 1991. In 1993 he founded Polfin Consortium SA, an oilfield service company and acted as its Chairman until 1998. In 1995, he founded Matin Joint Venture, an independent oil company, to develop the Matin Oilfield near Atyrau in western Kazakhstan. In 2004 he sold this company after reaching production levels of 4,500 bopd.

Dr. Harunoglu has several industrial interests and is currently the Co-Chairman of Tarkim Bio-Ethanol Production Group, and a director of Pimsa Poliuretan Manufacturing Co.

Dr. Harunoglu is a member of the World Economic Forum and of the International Advisory Council of the Executives Club of Chicago. He is the past chairman of the Turkish Kazakh Businessman's Association having held the position for 7 years.

"We are very pleased to have Dr. Harunoglu lead our management team," stated Mr. Matthew Heysel P.Eng., the Company's Chairman. "His hands-on in country experience has given him an excellent insight into the efficient running of an oil company in Kazakhstan. His relationships, developed from 15 years of successful business ventures in Kazakhstan, give him the unique ability to draw upon government and local business community contacts for assistance to ensure our continued growth. Under his leadership, we will accelerate the exploration and development of the highly prospective acreage we have amassed in the prolific pre-Caspian Basin of Western Kazakhstan and as a result we believe we will significantly increase our current production beyond the 1,700 bopd we achieved in the past year; our first year of production.

Big Sky Energy Corporation is a US junior oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian Basin.

NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.

Contact Information

  • Big Sky Energy Corporation
    Mr. Matthew Heysel, P.Eng.
    (403) 234-8282
    (403) 265-8808 (FAX)
    Big Sky Energy Corporation
    Dr. Servet Harunoglu
    CEO and President
    7.3272.597.628 (FAX)