SOURCE: Strongbow Resources, Inc.
VANCOUVER, BC--(Marketwired - Apr 25, 2014) - Strongbow Resources Inc. ("Strongbow" or the "Company") (OTCQB: STBR) is pleased to announce that it has entered into agreements with Mr. Frank Muller and Mr. Chris Holben to form the core of a new technical and operating team. The team's primary focus will be to identify, evaluate, capture and operate further oil and gas growth opportunities in Western Canada.
Mr. Muller is a professional geoscientist who obtained his Bachelor of Science in Geology with Honors from St. Francis Xavier University in Nova Scotia, Canada in 1984. He has 29 years of geoscience, managerial and corporate experience with the ability to lead and build opportunities for oil and gas companies. He began his career at Chevron as a geologist prior to contributing to the success of Hillcrest, Jordan and Real Resources. Most recently, as co-founder and Senior VP Exploration of Westfire Energy Ltd., Mr. Muller and his colleagues transformed 150 boepd into 11,000 boepd (75 percent oil) and then merged with Guide in to form Long Run in a deal valued at $610 million.
Mr. Holben obtained his Bachelor of Arts in Political Science from the University of Saskatchewan, Canada and also studied Engineering at the University of Calgary, Canada. He has extensive experience in operations and field development dating back to 1993. His leadership, field operations knowledge and excellent working relationships have resulted in growing production and assets while assisting company's field operations run more efficiently. As a highly respected community-oriented resident of Saskatchewan, Mr. Holben has contributed to the success of Nexen, Dynamic/Shellbridge, K-Town and, most recently, Westfire Energy Ltd.
Both Muller and Holben have proven success in the Viking horizontal light oil play in Alberta and Saskatchewan and between them have initiated and placed on production in excess of 400 Viking horizontal oil wells. They have broad exposure to a wide variety and scope of other oil and gas plays in Western Canada. Their technical and operating experience, in addition to nurturing excellent ongoing relationships in Calgary and in the field operating areas, will assist in furthering the Company's objectives.
Michael Caetano, President & CEO, commented, "Strongbow welcomes Mr. Muller and Mr. Holben to its operating team. They will help us to achieve our goals and we look forward to their contribution in growing the Company's oil and gas operations in Western Canada."
In addition, the Company has updated both its website and corporate presentation to provide an accurate representation of its current position.
Strongbow's strategy remains focused on developing quality energy projects with lower risk profiles and identified upside potential. Whereas its first Viking oil project is at Compeer, Alberta, the Company continues to search for additional Viking opportunities across east central Alberta and into west central Saskatchewan. Strongbow will continue to pursue those projects that provide the potential to maximize and grow shareholder value.
About Strongbow Resources Inc.
Strongbow Resources Inc. is a publicly-listed, emergent junior oil and gas company with oil and gas properties located in Western Canada. Strongbow is engaged in the business of seeking out, evaluating and acquiring working interests in oil and gas projects, domestically and internationally, which it plans to enhance through its technical, operational and financial efforts. Strongbow operates as Big Lake Energy Ltd. in Alberta and as Strongbow Resources Inc. in Saskatchewan. The Company's common shares trade on the OTCQB US Exchange under the symbol STBR.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.