SOURCE: Schneider Amalco Inc.

@AmalcoUSA

February 04, 2014 10:05 ET

Schneider World Launches Junior Oil Company

Renewable Energy Entrepreneur, Thomas Schneider Takes on Big Oil

NEW YORK, NY--(Marketwired - February 04, 2014) - Schneider World Inc., announced today the launch of Schneider Amalco Inc. ("Amalco") an independent oil and gas company. Amalco intends to develop upstream assets, comprised primarily of leases and 100% working-interests in the Delaware Basin of southern New Mexico via its wholly owned subsidiary, Amalco New Mexico Oil LLC ("Amalco New Mexico"), a registered oil well operator in the State of New Mexico.

The New York based Amalco will be led by former Schneider Power founder and President, Thomas Schneider and former Director of Corporate Affairs, Wayne Curtis. Schneider serves as Chief Executive Officer, overseeing the company's entire operation and asset portfolio, and Wayne Curtis, Executive Vice President, will oversee mineral rights and lease development. They are joined by a team of consultants and advisors that includes technology and energy executives hailing from industry leaders such as ExxonMobil, BP and Chevron.

The Schneider family has a 120 year history in electricity, energy and natural resources since 1892. Thomas Schneider is a seasoned energy executive and resource development strategist who previously founded Schneider Power, a publicly traded and licensed electricity utility and pure-play renewable energy developer in North America. After developing a portfolio in excess of 1,000+ MW of clean electricity generation development projects, Schneider Power was sold to Quantum Fuel Systems Technologies Worldwide Inc. in 2010.

"For the last ten years, we have pushed the envelope in the energy business," Schneider said. "As in our previous ventures we will be looking for clear returns, a tidy balance sheet, stability through proven reserves, long term cash flows and a clear path to profits." Mr. Curtis added, "We will be looking to break some old habits of the oil and gas industry while building a growth company focused on steady returns."

The Company is currently in the process of negotiating several strategic agreements, to jointly operate additional upstream assets. Amalco intends to follow a strategy of heavy investment in producing properties and resource development, but focusing on less risky and costly sources once dismissed as uneconomic and inaccessible and making them reliable, affordable, and environmentally responsible.

About Schneider Amalco
Schneider Amalco is one of North America's newest oil and gas companies. The Company intends to develop, own and operate upstream assets, and be a leading marketer of petroleum and energy products. For more information please visit www.amalco.us.

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