SOURCE: Xtreme Oil and Gas

February 24, 2010 09:00 ET

Xtreme Oil & Gas Announces New Land Manager

PLANO, TX--(Marketwire - February 24, 2010) -  Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today that Belinda Powell has been named the Company's new Land Manager.

Ms. Powell is a highly skilled manager and consultant experienced in running titles, performing title curatives, assisting with Title Opinions as well as locating missing mineral interest owners. She has worked with contract negotiations including joint operating agreements, exploration and development agreements and master service agreements. She has also assisted in oil and gas exploration and development programs, acquisitions, natural gas purchases and sales and marketing agreements.

Ms. Powell successfully organized and implemented industry specific accounting systems through various Petroleum Accounting Programs effectively keeping track of Leases, AFE costs, Payroll, Division Order Distribution, and Production Reporting. 

Most recently, Ms. Powell served as CEO of DFW Oilfield Services and General Manager of Mid-Continent Gas and Oil Consultants, Inc. She also consulted with Global Energy Alternatives as a liaison for international transactions and Caruthers Consulting as executive investment coordinator. 

Willard McAndrew III, CEO and Chairman of Xtreme, commented, "Belinda Powell is a wonderful addition to Xtreme's leadership. She brings with her a wealth of experience and industry insight earned from years of hands-on training."

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