Ryland Oil Corporation
TSX VENTURE : RYD

Ryland Oil Corporation

July 03, 2008 13:39 ET

Ryland Announces New Management Appointment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2008) - Mr. Dick Findley, Chairman of Ryland Oil Corporation (the "Company") (TSX VENTURE:RYD) is very pleased to announce the appointment of Mr. David Greene as Senior Petroleum Engineer. Mr. Greene is a reservoir engineer with more than 30 years of industry experience. Prior to joining the Company Mr. Greene was a Senior Reservoir Engineer with Enerplus Resources (USA) Corporation, where he was primarily responsible for the reservoir engineering development of the Elm Coulee Middle Bakken Field in Montana including evaluation of the enhanced oil recovery potential for the field. Mr. Greene has also served in senior petroleum engineering positions with Whiting Oil & Gas Corporation, Halliburton/Landmark APC and Foreland Corporation. He has extensive experience in engineering and project management in complex geological environments throughout the Rocky Mountain region. Mr. Greene has a BSc in Earth Science from the University of California and a MSc in Petroleum Engineering at Stanford University. He is a member of the Society of Petroleum Engineers. Mr. Greene resides in Denver, Colorado.

"We are delighted to be able to attract a professional engineer of Mr. Greene's caliber," said Mr. Findley. "His skills at developing production from unconventional reservoirs will be invaluable to us in determining how best to exploit our southeast Saskatchewan properties."

The Company also announces that it has granted options to acquire a total of 500,000 common shares of the Company to directors, officers, employees and consultants of the Company at the exercise price of CDN$2.05 each for a period of 5 years.

RYLAND OIL CORPORATION

Gerald J. Shields, President

Issued and Outstanding: 161,929,906

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this news release, and no regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Ryland Oil Corporation
    Mr. Ken Tangen
    Investor Relations
    (604) 639-4474 or 1-877-811-4518
    Website: www.rylandoil.com