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).[1] 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 Suite 505 Anchorage, AK 99503 USA
INVESTOR RELATIONS: Toll Free: 1-888-765-2773 E-mail:
ir@polarpetro.com OTCBB:POLR
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.
SOURCES:
1. Geologic Study & Initial Evaluation of the Potential
Petroleum Reserves of the Hemi Springs Project (D.T. Gross &
D.W. Brizzolara), Mar. 25, 2013.
CONTACT: INVESTOR RELATIONS:
Toll Free: 1-888-765-2773
E-mail: ir@polarpetro.com
OTCBB:POLR
Polar Petroleum (CE) (USOTC:POLR)
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