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.

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
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...