|By Marketwired .||
|July 3, 2014 12:19 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/03/14 -- United Hydrocarbon International Corp. ("United" or the "Company") announces that it has been served with a Statement of Claim with respect to the ownership of the Company's Production Sharing Contract in Chad. The Company believes the claim is without merit and will defend this action vigorously. United Hydrocarbon is preparing a Statement of Defense and Counterclaim which will be filed shortly.
ABOUT UNITED HYDROCARBON INTERNATIONAL CORP.
United Hydrocarbon International Corp. is a private Canadian based company. United has a 100% working interest and is the operator of a Production Sharing Contract ("PSC") in Chad through its wholly-owned subsidiary United Hydrocarbon Chad Ltd. in two, world-class, oil bearing rift basins. The PSC includes four existing oil discoveries in four separate blocks of land that cover 5.3 million acres. The Company's directors and management team have successful track records identifying, acquiring, financing and operating onshore oil and gas assets internationally.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking information that involves substantial known and unknown risks and certainties, most of which are beyond the control of United, including statements pertaining to the lawsuit. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Readers are cautioned to not place undue reliance on forward-looking statements. While United believes the expectations reflected in the forward-looking statements are reasonable, actual results and developments may differ materially from those contemplated by these statements depending on, among other things, issues encountered in drilling, completion and tie-in operations, the amount and timing of capital expenditures, the ability to finance those expenditures and other factors beyond United's control. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, United does not assume any obligation to update or revise them to reflect new events or circumstances.
Oct. 6, 2015 11:30 AM EDT Reads: 206
Oct. 6, 2015 11:15 AM EDT Reads: 268
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 11:14 AM EDT
Oct. 6, 2015 11:00 AM EDT Reads: 211
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Oct. 6, 2015 11:00 AM EDT Reads: 843
Learn how Backup as a Service can help your customer base protect their data. In his session at 17th Cloud Expo, Stefaan Vervaet, Director of Strategic Alliances at HGST, will discuss the challenges of data protection in an era of exploding storage requirements, show you the benefits of a backup service for your cloud customers, and explain how the HGST Active Archive and CommVault are already enabling this service today with customer examples.
Oct. 6, 2015 11:00 AM EDT Reads: 675
SYS-CON Events announced today that Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Key Information Systems is a leading regional systems integrator with world-class compute, storage and networking solutions and professional services for the most advanced softwa...
Oct. 6, 2015 11:00 AM EDT Reads: 314
Oct. 6, 2015 11:00 AM EDT Reads: 168
Oct. 6, 2015 10:45 AM EDT Reads: 445
Oct. 6, 2015 10:45 AM EDT Reads: 162
Oct. 6, 2015 10:45 AM EDT Reads: 438
Oct. 6, 2015 10:34 AM EDT
Oct. 6, 2015 10:00 AM EDT Reads: 750
Oct. 6, 2015 10:00 AM EDT Reads: 731
Oct. 6, 2015 10:00 AM EDT Reads: 261