HENDERSON, NV--(Marketwire - Mar 11, 2013) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), is pleased to announce a new business relationship with PetroIntel Global, LLC of Houston, Texas, an international petroleum consultancy and energy intelligence firm (www.petrointelglobal.com). As a trusted provider of world-class solutions to the global oil and gas industry, PetroIntel Global has served its many clients for over 20 years. This new corporate alliance will significantly enhance Double Crown's range of services that can be provided to petroleum industry customers and also advance specific contracts in current negotiations.
At this time, Double Crown and PetroIntel representatives are working to finalize their first new contract with a major petroleum refiner to market transportation and aviation fuel products on an international level. The customer is a global buyer of aviation fuel and has expressed an immediate need for large volume shipments of Jet A fuel on a monthly basis at a port in NW Europe. Additionally, a strategic alliance is now being developed with a Colorado based oil and gas producer to identify mutually beneficial solutions for petroleum projects ranging from drilling through production, distribution and storage. Double Crown and PetroIntel have already established relationships and arrangements for specific additives and specialty minerals used in hydraulic fracturing processes. Logistical supply channels are also being established to service shale drilling activity in Texas and other North American shale formations.
Regarding these latest developments, Double Crown President and CEO Jerry Drew commented, "Double Crown Resources and PetroIntel Global make an excellent combination. Our joint efforts are already resulting in important progress with the petroleum industry contracts we are currently working to finalize. More specific details and dollar values for the projects will be included in upcoming announcements. I wish to express sincere appreciation directly to Alexander Fernandez, President of PetroIntel Global for all his supportive efforts to bring our two companies together. I am also pleased to note that Mr. Fernandez holds major equity positions in a well diversified oil & gas portfolio that invests in resource and midstream asset companies. His investment portfolio currently includes 3 million shares of DDCC. This is a great vote of confidence for us."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com/
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/