CORRECTING and REPLACING Eco-Trade Corp. Announces Addition of Chris Popoff and Robert M. Price to B
CORRECTING and REPLACING Eco-Trade Corp. Announces Addition of Chris Popoff and Robert M. Price to Board of Directors
Montana Bakken Oil Company assembling strong leadership team for development of project
GREAT FALLS, Mont.--(BUSINESS WIRE)-- Headline of release should read: Eco-Trade Corp. Announces Addition of Chris Popoff and Robert M. Price to Board of Directors (sted Eco-Trade Corp. Announces Addition of Chris Popoff and David M. Price to Board of Directors)
The corrected release reads:
ECO-TRADE CORP. ANNOUNCES ADDITION OF CHRIS POPOFF AND ROBERT M. PRICE TO BOARD OF DIRECTORS
Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration Company, announced today that Mr. Chris Popoff, P. Eng., MBA and Mr. Robert M. Price have been appointed to the Company's Board of Directors.
Mr. Popoff is the Co-Founder of Penumbra Energy, whose mission is to provide safe, secure and reliable electricity for the Alberta power market as well electricity, steam and hydrogen for Alberta oil sands operators. Penumbra Energy's focus is on utilizing MSR technology as the best fit to accomplish that mission.
Chris Popoff is currently employed as a senior development engineer with Athabasca Oil Sands Corp. He is also heavily involved with the planning and execution of water source and disposal strategies for multiple commercial projects at Athabasca Oil Corp. Mr. Popoff is a principle founder in Vitruvian Acquisitions Ltd, which is a private capital firm that seeks to assist business owners of well established SMEs into retirement through the friendly acquisition of their shares.
Mr. Popoff has a Masters, Business Administration and a B.Sc, Mechanical Engineering from the University of Calgary.
Mr. Robert M. Price is an accomplished Corporate Attorney in Washington DC with 50 years experience in corporate affairs and quite active in the DC Bar. Mr. Price is excited to now be seated along with the full Board and work with them towards the Company's immediate goals.
The Company also announced the resignation of Mr. Lieberman. Concurrently with Mr. Lieberman's resignation, we appointed Canon Bryan as Chief Executive officer of the Company.
The advent of the Alberta Bakken Fairway creates another opportunity for Bakken production outside of the boundaries of the Williston Basin. The Bakken Fairway was first discovered and drilled in Alberta, Canada, but now extends deep into northwest Montana into Lewis & Clark County where it is bordered by the Rocky Mountain Thrust Zone on the west and the Sweetgrass Arch to the west.
Other companies in the general vicinity include Primary Petroleum, Rosetta Resources Inc., Newfield Exploration Company, Stone Energy, Anschutz Exploration Corp., Quicksilver Resources Inc., Fairways Offshore Exploration Inc., Arkanova Energy Corp., FX Energy, Inc. and American Eagle Energy Inc.
Eco-Trade is fully-reporting, independent oil and gas exploration company, that has drilling and production rights on a property in Lewis & Clark County in Montana, near Great Falls totaling over 5,800 acres called the South Bakken Prospect. Please visit www.ecotradecorporation.com
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Report on Form 10Q filed on November 13 2012, as well as the information contained in this release, and amended risk factors to investment that may be found at http://www.ecotradecorporation.com/contact/safe_harbor.html when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The United States Securities and Exchange Commission 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, such as prospective resource or Original Oil in Place (OOIP) or Petroleum Initially In Place (PIIP), or Estimated Reserve Potential (ERP), Estimated Ultimate Recovery (EUR) that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Additional information may be found at the following web site: http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm
Canon Bryan, 855-645-9378
KEYWORDS: United States North America Montana
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