Compass Energy Resources Plc.: GXGUK: COMP, and its directors are pleased to announce the appointment of Mr. Fred DaSilva as a Director and CEO.
Mr. DaSilva is an experienced Oil and Gas executive having spent the last 30 years in the energy sector. Mr. DaSilva cultivated his experience in oil and gas sector working for Pan Canadian Petroleum from 1980 to 1995 as a senior procurement officer.
Mr. Dasilva developed strong alliances with major Service and supply companies,while establishing strategic alliances and negotiating preferred vendor contracts. Mr.Dasilva was one of 6 key individuals that established the asset management shared program amongst the major oil companies in Calgary. Since 1996 Mr. Dasilva has gone into the private sector of the oil and gas industry initially consulting to junior oil and gas companies in various capacities from financing,restructuring,negotiating Farm in agreements and corporate governance. More Recently since 2004 Mr. DaSilva has been President and CEO of two publically traded junior oil and gas companies DMT Energy and Quad Energy Corp.
With DMT Energy Mr. Dasilva was able to amass a very strong land position in New Mexico compiling over 55,000 acres of highly prospective oil and gas leases. Currently Mr.Dasilva is President of Quad Energy a junior oil company in Calgary. Mr. Dasilva is in the process of restructuring the company and evaluating various prospects.
Mr. Julius Csurgo , Director added “ We look forward to Fred ‘s ability to source out potentially lucrative oil prospects at a minimal cost , due to his relationships with senior geologists and industry veterans .”
About GXG UK Markets
GXG Markets UK , London OTC Exchange, is a dedicated UK market operation offering the full range of its market and trading solutions to SMEs within the UK. GXG Markets operates a Regulated Market that delivers an efficient and transparent trading platform specifically designed to meet the needs of small- and micro-cap companies offering “new ways“ in IPO’s and Capital Markets.
About Compass Energy Resources PLC
Our mission is to acquire, develop, and exploit Oil & Gas reserves that are producing and/or previously producing Oil fields located in the USA & Canada ,we strive to increase proven domestic reserves, we do this by exploring new fields and revisiting previously drilled areas to discover them anew with advanced technology.
As the need to protect precious resources increases, forward-thinking companies such as Compass Energy are providing an economical approach to oil and gas reserves. Using state-of-the-art technology, Compass Energy selects only high quality prospects, increasing recovered resources per each well .
Our mandate is to utilize North America’s leading hydrocarbon asset database to identify prematurely suspended Wells;
Put identified Wells back in to production using a variety of technologies;
Rework Wells in the fields that show substantial potential for increased production.
We use powerful geological search tools to efficiently find gas & oil well bore candidates. These geological and statistical analysis tools enhance search efficiency by organizing viable well bore candidates by key measurements. In this complex energy market, Compass Energy is consistently developing oil and gas prospects that have a solid geological foundation. We have assembled a team of regional experts to evaluate our projects from inception to completion. By taking advantage of technological innovations, we are strategically recovering domestic oil and gas reserves.
Cautionary Note Regarding Forward-looking Statements
Certain statements contained in this news release may constitute forward-looking information, within the meaning of UK securities laws. Forward-looking information may relate to this news release and other matters identified in the Company’s public filings, Forward-looking information and anticipated events or results and can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.
Neither the GXG Markets UK nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information please go to www.compassenergyresources.com.