Norstra Appoints New Chief Executive Officer
LAREDO, Texas, March 5, 2013 (GLOBE NEWSWIRE) -- Norstra Energy Inc. ("Norstra" or the "Company"), (OTCQB:NORX) is pleased to announce the appointment of Mr. Glen Landry as CEO and President of the company.
Mr. Landry is a seasoned, third generation geologist from the University of Montana. His grandfather was involved in the development of the famous Kevin Sunburst Oil Field in Montana, and the family has been active in the oil industry ever since. Mr. Landry received a geology degree from the University of Montana over 30 years ago, and his main exploration and development focus has been Montana and North Dakota. During the 1980's he consulted for Occidental Petroleum, which, amongst other oil companies, were very active in exploring and shooting seismic throughout northwestern Montana. These efforts were focused on finding crude oil in deep formations, but were not economically feasible at the time, but now represent a viable source of untraditional oil through fracking and other modern extraction techniques.
Under Mr. Landry's leadership, the company has begun the process of evaluating lands in northwestern Montana with an aim toward acquiring a sizeable land position for exploration in the Bakken formation.
Mr. Landry, CEO— Norstra Energy, stated:
"My 30 years of experience in this region have convinced me that northwest Montana holds a significant amount of oil and I am looking forward to leading Norstra and its shareholders towards profitability through exploration and production."
About Norstra Energy Inc.
Norstra Energy Inc. is a US based oil and gas exploration Company with a current land position in Kansas, and is in the process of acquiring a significant land position in northwest Montana with intent to explore and drill the Bakken formation in the Alberta Bakken Fairway.
Forward Looking Statements
This press release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to the company's efforts to secure a land position in northwest Montana and achieve profitability. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential oil production, revenues, expansion efforts, and future plans and objectives of Norstra Energy Inc. The risk factors listed in our disclosure documents and the cautionary language on the Company's website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Norstra in its forward-looking statements. Actual results relating to, among other things, oil reserves, production, revenues and profitability could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: results of exploration activities, ability to secure operations staff and equipment; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Norstra operates; technological, mechanical and operational difficulties encountered in connection with Norstra's development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Norstra from time to time with the Securities and Exchange Commission and other regulatory authorities.
CONTACT: FOR ANY QUESTIONS OR INQUIRIES, PLEASE CONTACT: Tyler Troup, Managing Director Circadian Group, Investor Relations Toll Free: +1 (866) 865-2780 Toronto: +1 (647) 930-1037 New York: +1 (646) 257-2444 Email: Tyler@Circadian-Group.com Web: www.Circadian-Group.com DD portal: http://www.circadian-group.com/client.htmlSource:Norstra Energy Inc.