Coy Squires Joins Turan Petroleum as Vice President of Exploration

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Turan Petroleum, Inc. (OTC: TURP), an independent oil and gas exploration company, today reported that Coy Squyres has accepted a position as the Company's Chief Exploration Officer.

We are excited to have Mr. Squires join our team

Turan Petroleum, Inc. (OTC: TURP), an independent oil and gas exploration company, today reported that Coy Squyres has accepted a position as the Company's Vice President of Exploration.

Mr. Squires previously served as the Vice President of Exploration with Oasis Oil Company, a consortium of Conoco, Marathon and Amerada Hess. At Oasis, Mr. Squires directed the activities of 130 geologists, 35 geophysicists and support staff, found 28 billion barrels of oil, thereafter reaching daily production of more than 1 million barrels of oil per day. Mr. Squires started his career with Conoco as a Subsurface Geologist and rose to the positions of President of Conoco Middle East and President of Conoco Saudi Arabia.

"We are excited to have Mr. Squires join our team," states Robert Van Duren, CEO of Turan Petroleum. "Mr. Squires' experience, level of achievement, and industry reputation shall prove to be a major asset, as we continue to chart our path in Kazakhstan's growing energy sector," further comments Van Duren.

Turan Petroleum, Inc. is based in California, USA. Its common stock is traded Over the Counter under the symbol "TURP." The Company is pursuing opportunities in new energy markets, focusing on acquisition and development of oil and gas properties in Eurasia, and other resource rich regions of the former Soviet Union. The Company's primary exploration efforts are in Kazakhstan, where it operates through a wholly owned subsidiary, Turan EnerPetroleum, a limited liability Kazakhstan company. Turan Petroleum's ARIS territories concession license covers approximately 22,000 square kilometers in the South Kazakhstan’s Kizilordinskoy region.

Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Turan Petroleum, Inc. believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the costs and risks of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, as well as country and political risks, general market conditions, competition, oil and gas pricing, drilling programs and results. The forward-looking statements can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," "continue," "believe" or other similar words. We have made forward-looking statements with respect to the following, among others: our goals and strategies; our ability to earn sufficient revenues to develop ARIS; our ability to continue as a going concern, and to retain talented executives. Investors are cautioned that all forward-looking statements involve high risks and uncertainty, including without limitation, our limited operating history, the costs and risks of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, fluctuations in commodity prices, inconsistent application, interpretation, and enforcement of applicable Kazakh government taxes, and Kazakhstan Excess Profits Tax, currency exchange losses if Tenge depreciates against US Dollar, country and political risks, including diplomatic and political relations between US and Kazakhstan, costs arising from environmental liability, uncertain costs of drilling (oil producing fields located adjacent to ARIS, are not an indication that our drilling or related efforts will be successful), inability to drill wells that produce commercial quantities of oil and natural gas, shut-ins of connected wells resulting from extreme weather conditions, insufficient storage or transportation capacity or other geological and mechanical conditions, general market conditions, competition, oil and gas pricing, drilling programs and results, our future capital needs, etc.

For further information contact Turan Petroleum, Inc. Corporate Communications via email at the link to the right of this press release.

Tony Vanetik, Chairman & President

Robert Van Duren, CEO

3720 South Susan Street

Suite 100

Santa Ana, CA 92704

SOURCE:    TURAN PETROLEUM, INC.

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Yuri Vanetik
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