SOURCE: Xtreme Oil and Gas

February 22, 2010 14:03 ET

Xtreme Oil & Gas Announces New Chief Financial Officer

PLANO, TX--(Marketwire - February 22, 2010) - Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today the appointment of Roger Wurtele as the Company's new Chief Financial Officer.

Willard McAndrew, CEO and Chairman of Xtreme, stated, "Roger Wurtele is a versatile, experienced finance executive and we are very excited that he has come on board with our company. His industry experience and proven financial leadership abilities will immediately strengthen our executive team."

Mr. Wurtele was the CFO of a company that operated approximately 900 oil wells, located in three states, and employed fifty-five employees. He created accounting, reporting, and compliance systems and managed the administrative office location.

As the former CFO of several public and private companies, he has a broad range of experience in public accounting, corporate finance and executive management. Mr. Wurtele graduated from the University of Nebraska and has 40 years of experience as a CPA.

Wurtele replaces Fred Schiemann who has served as CFO for the Company since 2007. Mr. Schiemann will continue to work with the Company as a consultant.

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

Notice Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil and Gas, Inc. ("Xtreme" or the "Company") to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements.

Contact Information

  • Contact:
    Xtreme Oil & Gas, Inc.
    (214) 432-8002