Greenfields Petroleum Corporation
TSX VENTURE : GNF

Greenfields Petroleum Corporation

September 08, 2011 18:31 ET

Greenfields Petroleum Corporation Announces the Appointment of David G. Gullickson as the Chief Financial Officer of the Company

CALGARY, ALBERTA--(Marketwire - Sept. 8, 2011) -

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Greenfields Petroleum Corporation (the "Company" or "Greenfields") (TSX VENTURE:GNF) is pleased to announce the appointment of David G. Gullickson to the position of corporate Senior Vice President, Finance, Treasurer and Chief Financial Officer. He is an experienced corporate officer and senior financial executive with over thirty years of experience in the domestic and international oil & gas industry and related manufacturing and refining industries.

Mr. Gullickson has been a partner with Tatum, a national executive services and consulting firm, since 2005 where he served clients as corporate Senior Vice President of Finance and Administration, Treasurer and Chief Financial Officer or as a consultant directly supporting a client's office of the CFO. Some of his clients have been large privately-held companies, but most have been registrants with the U.S. Securities and Exchange Commission and which have traded on the major U.S. stock exchanges as well as having prepared for a listing on the London AIM. As a Tatum partner and as a financial officer with prior employers he has directed initial and secondary public offerings of equity, debt security offerings, securing construction loans, transitions from the NASDAQ to larger exchanges, and overseen the adoption and ongoing compliance requirements of the U.S. Sarbanes-Oxley Act.

Mr. Gullickson is a certified public accountant and started his career at Ernst & Young, LLP where he audited oil & gas and related energy industry service and manufacturing companies. He holds a Master of Professional Accounting degree and a Bachelor of Arts in Economics degree, both from the University of Texas in Austin. He is a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants, Financial Executives International and the Petroleum Accountants Society of Houston.

Mr. A. Wayne Curzadd, Vice-President and corporate Controller, has been serving as the Company's interim Chief Financial Officer and will continue in his responsibilities as Controller.

"We are very pleased to have David join our senior management team to provide financial and strategic leadership to Greenfields as we continue to deliver on the great potential of the Company's assets." stated John W. Harkins, President and Chief Executive Officer. "David has a demonstrated wealth of strategic, operational and financial experience in emerging growth companies. We are also very grateful to Wayne Curzadd for the additional responsibilities that he assumed as our interim CFO until now, for his effectiveness in that role as well as his depth of experience in this industry and certainly within our Company."

Mr. Gullickson's compensation includes an award of options, under the Company's stock option plan, to purchase 100,000 shares of common stock at CDN$8.00 per share.

About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas corporation focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan. The Company plans to expand its oil and gas assets through further farm-ins and acquisitions of Production Sharing Agreements from foreign governments containing previously discovered but under developed international oil and gas fields, also known as "greenfields". More information about the Company may be obtained on the Greenfields website at www.greenfields-petroleum.com.

Forward Looking Statements

The Company's press releases contain forward-looking information that involve substantial known and unknown risks and uncertainties, most of which are beyond the control of Greenfields, including, without limitation, those listed under the headings "Risk Factors" in Greenfield's Annual Information Form and in the Company's Management's Discussion & Analysis which may be viewed on www.sedar.com. Forward-looking information in this press release may include, but is not limited to, information concerning its future operations.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information. Accordingly, prospective investors should not place undue reliance on these forward-looking statements. These forward-looking statements are made as of the date of this press release and, other than as required by applicable securities laws, Greenfields does not assume any obligation to update or revise them to reflect new events or circumstances.

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

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