SOURCE: Petro Resources Corporation

February 27, 2008 09:30 ET

James W. Denny, III Joins Petro Resources as Chief Operating Officer

HOUSTON, TX--(Marketwire - February 27, 2008) - Petro Resources Corporation (AMEX: PRC) (the "Company") announced today that James W. Denny, III has agreed to join the Company, effective March 1, 2008, as Executive Vice President and Chief Operating Officer.

Prior to joining Petro Resources, Mr. Denny served as President and Chief Executive Officer of Gulf Energy Management Company, a wholly owned subsidiary of Harken Energy Corporation, from January 2002 until October 2007. From October 1999 until January 2002, he served as Executive Vice President of Operations and Chief Operating Officer for Harken Energy Corporation.

Mr. Denny is a registered Professional Engineer in Louisiana and is a Certified Earth Scientist by the Society of Independent Petroleum Earth Scientists. He is a member of various industry associations, including the American Petroleum Institute, National Society of Professional Engineers, Society of Petroleum Engineers, and the Society of Petroleum Evaluation Engineers.

Management Comments

Wayne Hall, CEO of Petro Resources, said, "Jim Denny brings more than thirty-five years of petroleum engineering and executive experience to our staff and his presence represents a major advancement in the growth of the Company. We look forward to his contributions as we strive to continue to deliver value for our shareholders."

About Petro Resources

Petro Resources Corporation is an independent exploration and production company engaged in the acquisition, exploration, development, and exploitation of oil and natural gas properties located in the continental United States.

Forward-looking Statements

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding the Company's expectations, beliefs, intentions or strategies regarding the future. These statements are qualified by important factors that could cause the Company's actual results to differ materially from those reflected by the forward-looking statements. Such factors include the general risks associated with oil and gas exploration and development, including those risks and factors described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including but not limited to the Company's definitive prospectus dated October 30, 2007 filed with the Securities and Exchange Commission on October 31, 2007 and the Quarterly Report on Form 10-QSB for the three months ended September 30, 2007. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact Information

  • Contacts:
    Brad Holmes
    Investor Relations
    (713) 654-4009

    or

    Don Kirkendall
    President
    (832) 369-6986