Business Services Industry
Western Standard Energy Corp. Appoints Dr. Fred Aminzadeh as Chairman of its Advisory Board
Business Wire, June 4, 2008
WILLISTON, N.D. -- Western Standard Energy Corp., (OTCBB:WSEG), an oil and gas exploration company, today announced that it has appointed Dr. Fred Aminzadeh, one of the world's pre-eminent geophysicists, as Chairman of its Advisory Board.
Dr. Aminzadeh is currently the President and CEO of dGB-USA, a leading seismic data services and provider of OpendTect software. He is also the current President of the 32,000 member Society of Exploration Geophysicists (SEG) as well as the President of FACT, a firm specializing in technical and strategic consultation to the oil and gas industry as well as the financial community. During his over 17 years at Unocal (now part of Chevron) Dr. Aminzadeh held various technical and managerial positions. He's served as an Adjunct Professor at Rice and consulted to many DOE National Laboratories and served on Technical Advisory Board of Oak Ridge National Laboratory's CESAR.
Dr Aminzadeh has published ten books and holds three US patents. He is a member of the American Association of Petroleum Geologists (AAPG), the Society of Petroleum Engineers (SPE) and the European Association of Geoscientists and Engineers (EAGE). He was recently appointed to the Unconventional Resources Technology Advisory Committee (URTAC). URTAC was formed to provide technical advice to the Secretary of Energy on related matters.
Dr. Aminzadeh commented, "Unconventional resources are increasingly becoming a major component of oil and gas resources. The Upper Devonian-Lower Mississippian Bakken formation in North Dakota and Montana with over four billion barrels estimated recoverable reserves, is a promising play. Western Standard among other Bakken shale players is uniquely positioned to use new drilling and geophysical technologies to secure proven reserves."
CEO of Western Standard Energy, Dan Bauer states, "We are delighted to have the knowledge, and technical know-how that Dr. Aminzadeh will bring to our Advisory Board. Dr. Aminzadeh is not only a highly regarded scientist, but he has established himself as one of the most respected members of the oil industry through proven results over three decades. We believe that the area of Geophysics represents the cutting edge of the exploration business and are honored to have Dr. Aminzadeh in this leadership role within our growing organization."
About Western Standard Energy Corp.
Western Standard Energy Corp. is a publicly traded independent oil and gas exploration company. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the Central and Western United States of America. Western Standard Energy Corp. is a publicly traded company and trades on the OTC BB under the ticker symbol: WSEG. Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information.
Western Standard Energy Corp.
Dan Bauer, President
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that Mr. Aminzadeh will act as Chairman of the Advisory Board at Western Standard Energy Corp, ('Company') and that the Company aims to secure and develop a portfolio of oil and gas properties throughout the Central and Western US. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the inability to reach agreement with contracted parties; uncertainty of the requirements demanded by environmental agencies, the Company's inability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. Readers should also refer to the risk disclosures outlined in the Company's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB and the Company's other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at www.sec.gov.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this document that SEC's guidelines may prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10-KSB and quarterly reports on Form 10-QSB available from us or the SEC.
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