September 23, 2008
Western Standard Energy Corp. Appoints Mr. Tim Turner As VP, Land
Western Standard Energy Corp., (OTCBB:WSEG), an independent oil and gas exploration company is pleased to announce the appointment of Mr. Tim Turner as Vice-President, Land. Mr. Turner has a distinguished career spanning over 28 years in upstream oil and gas and business consulting services, working in Texas, throughout the United States, and on international projects.
Tim began his career in 1980 at Exxon Company, USA in New Orleans, Louisiana, then at Phillips Petroleum in Houston, Texas. Since 1995 Mr. Turner has been the principal at Tim Turner & Associates LLC, where he has worked with and advised major producers, independents, and international producers such as Gazprom, Pemex, PDVSA, and Saudi Aramco.
Dan Bauer, President and CEO of Western Standard commented, "we plan to expand the business through joint venture partnerships, developing our vast portfolio of exploration assets in Montana and North Dakota, and through the acquisition of producing assets. Tim's knowledge and experience on the business side will prove to be invaluable in that effort. We have been working with Tim for several weeks, and are excited to have him as an integral part of our exceptional management team here at Western Standard."
Mr. Turner is a graduate of the University of Texas at Austin, with a Bachelor of Business Administration, Petroleum Land Management. Mr. Turner has been very active in numerous industry groups over his career including the American Petroleum Institute, Wetlands Working Group; the American Association of Petroleum Landmen, as a member of the Board of Directors and as a Certified Professional Landman; Texas Independent Producers and Royalty Owners Association and the Texas Oil and Gas Association.
About Western Standard Energy Corp.
Western Standard Energy Corp. is an independent oil and gas exploration company, traded on the OTC BB under the ticker symbol WSEG. Western Standard has secured and is developing a portfolio of oil and gas properties throughout Montana and North Dakota. Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information.
Western Standard Energy Corp. Dan Bauer, President
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 Western Standard Energy Corp, ('Company') will aggressively grow its business through joint venture partnerships to develop a portfolio of oil and gas properties, that it will acquire producing assets, that it will employ Mr. Turner as VP, Land, and that it will secure and develop a portfolio of oil and gas properties throughout Montana, North Dakota and the Gulf Coast.
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 uncertainty of the requirements demanded by environmental agencies, the Company's ability 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.