Welcome!

News Feed Item

Perisson Petroleum Corporation: Follow Up on the Annual Meeting of the Shareholders

MONTREAL, QUEBEC -- (Marketwired) -- 06/20/14 -- Perisson Petroleum Corporation (CSE: POG) ("Perisson" or the "Corporation") is pleased to announce the results of its annual meeting of the shareholders of the Corporation held on June 20, 2014.

Following those resolutions, the shareholders approved, by a majority of vote, the appointment of PricewaterhouseCoopers LLP as auditors of the Corporation as well as the election of the following Directors: MM. Chien-Yeh (Gary) Chen, David Foo, Chih-Sheng Hsu, Jinbao Liu, Bradley Nichol, Serge M. Racine and Marc Roberge. We find among this group, newcomers David Foo and Bradley Nichol, who will offer a significant contribution due to their vast experience in the development and management of oil properties on an international scale.

Messrs. Nichol and Foo will support the Management of Perisson with a view to maximizing the potential of its Colombian property VMM-17, located in the Middle Magdalena Basin in the Province of Tolima. This project involves contingent resources estimated at 32 million barrels, with unrisked prospective resources assessed at 350 million barrels. In preparation for the launch of the exploratory phase, scheduled for late 2014, Perisson is bolstering its expertise on both the strategic and operational levels.

"We are delighted to be able to count on experts of the calibre of Brad and David as we look ahead to a crucial step that should lead to the startup of operations in what is a promising deposit," commented Perisson chief executive officer Gary Chen. "Their in-depth knowledge of the entire oil industry and their contribution to the success of many projects of the same type are important assets for us."

A graduate in mechanical engineering and holder of an MBA from the London Business School, Brad Nichol has played key roles on numerous management teams of junior oil and gas exploration and production companies. In the course of his 22-year career, Brad has also acted as a close adviser to many senior executives of Fortune 500 companies, more specifically in the field of mergers and acquisitions. He is currently the President and CEO of an oil and gas exploration and production company that is dual-traded on exchanges in Canada and the UK. During his many years with oilfield-services giant Schlumberger Limited, part of his international responsibilities included management of well-bore construction, stimulation and coiled-tubing services in fields operated in Colombia by BP plc.

With over 30 years' experience in oil exploitation and technical services, David Foo has built up remarkable know-how and a wide-ranging network of contacts that allow him to offer a unique vision of the industry. After taking a degree in chemical engineering from the University of Calgary, David worked for close to ten years close for Suncor, as well as for Paramount Resources and Marathon Canada. He also led teams performing key technical roles on many megaprojects, including the Bi-Provincial Heavy Oil Upgrader (now propriety of Husky Oil), the AECO C Storage Hub, and the OCENSA Pipeline in Colombia. His international experience has also involved significant contributions to a number of oil projects in Africa.

Robert Desjardins and Manhong Xi have ceased their functions as directors of the Corporation in order to concentrate on other professional activities.

About Perisson Petroleum Corporation

Perisson Petroleum Corporation is an oil and gas exploration company listed on the Canadian Securities Exchange ("CSE" formerly known as "CNSX"). The Corporation, through its wholly-owned subsidiaries, Igual Holdings Corp. and Morichal Sinoco, S.A., holds an exploration license on its 100% undivided property interest in the VMM- 17 oil block project. This license covers 39,927 hectares located in the Middle Magdalena Basin in the Province of Tolima, in central Colombia.

The Corporation's objectives are the exploration and marketing of hydrocarbon resources including the production conditioning processing refining transport and commercialization of petroleum natural gas liquefied natural gas and petroleum-derived products.

The Corporation's documents are available on www.sedar.com and on the Corporation's Issuer Profile page on the CSE website.

Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the CSE policies) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.

Contacts:
Investor relations:
Mr. Dominique St-Louis, Corporation CFO,
514 573-9066
[email protected]

For further information on Perisson, please contact:
Chien-Yeh (Gary) Chen,
Chairman of the Board and CEO
514-552-1616

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...