Border Petroleum Corp
TSX VENTURE : BOR

March 01, 2011 20:23 ET

Border Petroleum Announces New Board Appointment and Filing of Financial Statements

CALGARY, ALBERTA--(Marketwire - March 1, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Border Petroleum Corp. ("Border" or "the Company") (TSX VENTURE:BOR) is pleased to announce the appointment of Mr. Harold (Hal) R. Jamieson as a director of the Company. Mr. Jamieson is an independent businessman and a professional engineer with over 30 years of experience in the oil and gas industry. From 2005 to 2010, Mr. Jamieson was Vice President of Engineering and Chief Operating Officer of Bountiful Resources Inc. ("Bountiful"), which was acquired by Barrick Energy Inc. in May 2010. Bountiful was a private oil and gas exploration and production company with core areas in the Red Earth and Garrington areas of Alberta. Prior to co-founding Bountiful, Mr. Jamieson served as Vice President, Operations for OMI Resources Ltd. and Sunoma Energy Corp.

Kelly Kimbley, Border's President and CEO, stated: "We are very pleased to welcome Mr. Jamieson to the Board. We believe Hal, with his strong technical background and significant operations experience in the Red Earth area, is a valuable addition to our team as we continue our efforts to grow the Company."

In connection with the appointment, the Company also announces that it is granting 200,000 incentive stock options to Mr. Jamieson exercisable at $0.38 per share for a period of five years. The options are subject to a four month hold period and regulatory approval.

The Company is also pleased to announce that it has filed its financial statements and related management's discussion and analysis, for its third quarter ended December 31, 2010. The filings can be accessed on SEDAR at www.sedar.com.

Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Border Petroleum Corp.
    Kelly Kimbley
    President & CEO
    (403) 538-8450
    (403) 444-5042 (FAX)