Precision Petroleum Corporation
OTC Bulletin Board : PPTO

Precision Petroleum Corporation

June 03, 2009 09:01 ET

Precision Petroleum Corporation-Announces James Kirby as Chief Financial Officer

OKLAHOMA CITY, OKLAHOMA--(Marketwire - June 3, 2009) - PRECISION PETROLEUM CORPORATION - (OTCBB:PPTO) - Precision Petroleum Corporation is pleased to announce the appointment of Mr. James Kirby as the Corporate Chief Financial Officer effective June 3, 2009.

James Kirby has an extensive business background both in the petroleum industry and the financial sector.

His previous engagements at senior management levels include The First National Bank of Shawnee, Bank One, Liberty Bank & Trust, Choctaw State Bank, and The Republic Bank of Tecumseh. Mr. Kirby has been instrumental in assisting financial institutions in successful re-organizations and is abundantly familiar with State and Federal regulations pertaining to the financial and petroleum arenas.

President, Richard Porterfield states the appointment of Mr. Kirby gives Precision a substantial basis in the development of a prominent administrative core. With the recent acquisitions of nine producing oil and gas leases and the associated expansion opportunities, James Kirby brings a level of expertise necessary for the budgeting, financial controls and funding prospects of the Company.

Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States. Precision's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at: www.precisionpetroleumcorp.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not intend to, and undertakes no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.

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