Degaro Innovations Corp.

July 09, 2013 09:01 ET

Degaro Innovations Corp. Appoints New Chief Executive Officer

CENTENNIAL, COLORADO--(Marketwired - July 9, 2013) - Degaro Innovations Corp. (the "Company") (OTCQB:DGRN) announces that Mr. Thomas Hynes has been appointed as its Chief Executive Officer to lead the Company's evaluation of oil and gas properties for development and production. Mr. Hynes has over twenty-five years of leadership experience within the energy, mineral and financial industries, in both domestic and international projects. His experience in the United States has been complimented with projects in China, Egypt, Sudan, N. Yemen, Guyana and the Philippines.

In the last 6-7 years Mr. Hynes focused on the Rocky Mountain Region and was part of a management team that negotiated the leasing program, organized the team that drilled, and then evaluated a significant project in Southeastern Montana. Under his leadership numerous wells have been drilled and Mr. Hynes covered the projects over several years as well site geologist. Most recently, Mr. Hynes was instrumental in another drilling program in the same region in Montana.

His experience in the area, his relationships in the industry and his knowledge in Enhanced Oil Recovery Technologies will be a valuable asset for the company.

Mr. Hynes stated, "I am extremely proud to take a leadership role with the Company and look forward to applying my expertise to evaluating and developing oil and gas projects in the Rocky Mountain region. With the new technologies now available in the oil and gas industry there are multiple opportunities to develop significant new fields and to re-vitalize existing oilfields in proven productive areas such as the Powder River Basin."

About Degaro Innovations Corp.

Degaro Innovations Corp. is a company with the goal of finding opportunities for the exploitation of existing conventional sources of energy such as oil and natural gas.

This press release contains forward-looking statements about the Company and its business. Forward-looking statements are statements that are not historical facts and include, but are not limited to, statements regarding Mr. Hynes' experience, statements about new technologies in the oil and gas industry and their ability to create new oil and gas fields and revitalizing existing oilfields. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors identified in the Company's filings with the United States Securities and Exchange Commission.

Contact Information

  • Degaro Innovations Corp.
    Karen Kocak