ANCHORAGE, Alaska, May 6, 2013 (GLOBE NEWSWIRE) -- Polar Petroleum Corp. (OTCBB:POLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to announce the appointment of Mr. Donald W. Brizzolara to the Company's Advisory Board as Chief Geological Advisor. Mr. Brizzolara represents 25 years of experience in oil and gas exploration and development geology, and consulting experience for firms such as ConocoPhillips and Shell.
[Full profile for Mr. Brizzolara appears further below.]
Of particular importance to the Company, Mr. Brizzolara's background includes work on the Prudhoe and Kuparuk fields, which, together constitute the majority of the oil production on the North Slope (51% and 20%, respectively). Polar Petroleum's Hemi Springs Project is spread along the southwestern border of the Prudhoe Bay Unit, and lies to the southeast of the Kuparuk River Unit.
Polar Petroleum's President & CEO, Daniel Walker, commented: "Donald Brizzolara offers us exceptional insight into the workings of Alaska's energy industry from a private and state perspective. Even more important, he offers invaluable experience with the North Slope's largest producing fields, which are immediately adjacent and nearby to us. We look forward to working with him as we continue to assess our Alaskan assets and work toward their full development."
DONALD W. BRIZZOLARA – CHIEF GEOLOGICAL ADVISOR
Donald Brizzolara represents 25 years of experience in oil and gas exploration and development geology (Prudhoe and Kuparuk fields), and experience as a successful prospect generator resulting in oil discoveries (Kuvlum, Midnight Sun/Sambuca) in the North Slope of Alaska.
In his consulting geologist work since 2005, Mr. Brizzolara has drawn on his understanding of Alaskan petroleum geology including the North Slope, interior basins, Cook Inlet, Alaska Peninsula and offshore federal waters. His consulting work has been diverse and ranges from wellsite geologist to conducting regional geologic evaluations for firms such as ConocoPhillips, Shell, Pioneer, and Linc Energy.
Earlier in his career, Mr. Brizzolara was employed by ARCO Alaska, Inc as an exploration and development geologist, specializing on the North Slope but also working most of Alaska's diverse petroleum provinces. During that 20-year period, he added value to ARCO's operations in CPF-3 Kuparuk River Field, Lisburne Field and the Endicott Field.
He later worked for the Alaska Division of Natural Resources (DNR), Division of Oil and Gas (DOG) as a senior petroleum geologist. His responsibilities included regional evaluations of oil and gas potential for the North Slope foothills province as a well as the Alaska Peninsula.
Mr. Brizzolara received a B.S. degree in geology from California State University, Hayward (1975) and an M.S. degree in geology from the University of California, Davis (1979).
FOR ADDITIONAL INFORMATION
Read more about the Company's leadership team on Polar Petroleum's official website, as well as further information about the Company and its latest news releases at http://www.polarpetro.com.
ABOUT POLAR PETROLEUM CORP.
Polar Petroleum (OTCBB:POLR) is an independent American oil and gas company based in Anchorage, AK. The Company is focused on securing domestic energy solutions through the exploration, development and production of oil and natural gas in Alaska's proven North Slope region: home to the 2 largest oil fields in North America, over 10 other producing fields, and established infrastructure. The Company's Franklin Bluffs Project overlies the 3 source rocks thought to represent potential unconventional shale oil on the North Slope. Test drilling in the vicinity has met expectations for finding oil in the source rocks.* The Company's Hemi Springs Project is estimated to potentially represent recoverable petroleum reserves of ~558 million barrels of oil.**
Polar's projects are strategically positioned between many of the major players of the oil and gas industry and the necessary infrastructure to bring hydrocarbons to market.
* Petroleum News, Sept. 23, 2012; ** Geologic Study and Initial Evaluation of the Potential Petroleum Reserves of the Hemi Springs Project, North Slope, Alaska (D. T. Gross & D. W. Brizzolara, Mar. 25, 2013).
ON BEHALF OF THE BOARD OF DIRECTORS,
Polar Petroleum Corp.
Daniel Walker, President & CEO
4300 B Street
Toll Free: 1-888-765-2773
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Polar Petroleum Corp.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Polar Petroleum Corp.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Polar Petroleum Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits US companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit US registered companies from including in their filings with the SEC. US investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from our website at http://www.polarpetro.com.
1. Geologic Study & Initial Evaluation of the Potential Petroleum Reserves of the Hemi Springs Project (D.T. Gross & D.W. Brizzolara), Mar. 25, 2013.
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Source:Polar Petroleum Corp.